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Mattarella: ok Silk Road memorandum after Xi meeting - eurasiatxeurasiatx

Mattarella: ok Silk Road memorandum after Xi meeting

Mar 22, 2019 1:04 pm

Italian President  lauds Silk Road memorandum

President Sergio Mattarella said that Chinese President Xi Jinping’s State visit was strengthening cooperation between the nations.

The President  hailed the memorandum of understanding that the Italian government is set to sign on Saturday related to Beijing’s Belt and Road Initiative – a massive infrastructure plan that seeks to create a sort of modern-day Silk Road to better connect China to Europe and Africa. “The signing of the Italy-China memorandum is a sign of the attention devoted to a framework for an increase in cooperation between Italian businesses and Chinese businesses,” he told a joint news conference with Xi.

Xi Jinping said that Beijing does not want trade and investment relations with Italy to be a one-way street.

“The Chinese side wants trade in both directions and a flow of investment in both directions,” Xi said.

The Chinese president said the meeting with his Italian counterpart was “fruitful’ and featured “broad agreement”.

Source URL: http://eurasiatx.com/mattarella-ok-silk-road-memorandum-xi-meeting/