Italy Today

Italy and China signed commercial deals

Six bilateral trade agreements were signed, for an overall amount of $ 1,27 billion

Italy and China signed commercial deals

Nathania Zevi

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Mario Monti's so called "road show" is going on: its main purpose is illustrating abroad the reforms made by his government  and promoting the Italian entrepreneurial system.

This is an effort aimed at convincing investors to support the development of Italian enterprises. In this regard, last week Prime Minister Monti met the Chairman of the National Committee of the Chinese People's Political Consultative Conference, Jia Qinglin.

This meeting, like the most of the others Monti has had during his chairmanship, was principally aimed at improving economic and trade relations through bilateral investments in some strategic  sectors .

Jia Qinglin met Monti after the 18th National Congress of Chinese Communist Party took place, during which the new leadership of the most populated country in the world was appointed.

As a result of Monti and Jia Qinglin's meeting, six bilateral trade agreements were signed, for an overall amount of $ 1,27 billion.

"These agreements show that foreign investors can be involved in several sectors of the Italian economy, boosting growth of the country and increasing international trade exchanges" Monti said.

The simplifications and liberalizations introduced over the past few months turned Italy into a more open and enterprise-friendly country. Among the other measures, a package of rules to increase investments in innovative start ups in the country has been approved and the new Desk Italia, the portal for access to investments in Italy, will soon be operative.

Only two weeks ago an agreement for a  joint investment between the Italian Strategic Fund and Quatar Holding was signed.

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