After the visit to China by Italian Prime Minister Antonio Conte for the second Belt and Road Forum in Beijing, Undersecretary of State for Economic Development Michele Geraci held the second meeting of the China Task in Rome – an occasion for Geraci to underline some important elements related to the Italy-China deal on the One Belt and One Road Initiative. “First I noticed that initial the criticism about memorandum of understanding with China is slowly disappearing after the publication of the final text. We were able to bring China close to fundamental principles that are very important for the EU, like references to climate change, reciprocity, a level playing field, etc. The memorandum is for us a promotional element and not a tool of trade policy,” Speaking to New Europe, Geraci explained after the meeting Geraci thinks that the positive outcome of the memorandum will be an increase in the export of agricultural food products and new air routes from Rome to Chengdu and Hangzhou in China, which will also boost tourism between the two countries. An increase in the tourism flow is an important opportunity, Geraci said as “It would be interesting to host some Chinese producers in… Read full this story
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