XIV session of the Italy-China Joint Economic Commission
The Minister of Foreign Affairs and International Cooperation of Italy, Luigi Di Maio, and the Minister of Commerce of the People's Republic of China, Wang Wentao, co-chaired the 14th session of the Italy-China Joint Economic Commission via videoconference on September 28, 2021.
Minister Di Maio expressed satisfaction with the positive trend of bilateral trade and Italian exports to China, which grew in the first half of this year respectively by 20.3% and 48.3% on an annual basis. (+2.6 billion euros from January to June 2021 compared to the same period of the previous year). An even greater percentage growth for exports of the agri-food sector, which from January to July marked a + 50%, reaching a value of 415 million euros: numbers that have led Italy to become the third supplier to the world of wine for the Chinese market.
To further support our exports, the Minister Di Maio announced the opening of a new ICE (Italian Trade agency) office in Chengdu and started with Minister Wang the establishment of ad hoc working groups for agri-food products and for the promotion of e- commerce. These are measures that will help achieve the goal, recalled by Minister Di Maio, of ensuring an increasingly balanced flow of goods and services between the two countries, favoring the rebalancing of the trade balance.
Minister Di Maio then highlighted the importance of resuming direct air links between the two countries, which is essential for economic and tourist revitalization. The Head of Italian Diplomacy also enhanced the establishment of "green corridors" to facilitate the participation of foreign economic operators in trade fairs in Italy.
Finally, the two ministers discussed the issue of the protection of intellectual property and the importance of ensuring the full implementation of the EU-China Agreement on Geographical Indications.
Source: Italian Ministry of Foreign Affairs
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