MILAN: Chinese and Italian experts have come together to address common future challenges and find solutions. This was done after the two countries signed a Memorandum of Understanding (MoU) on the Belt and Road Initiative (BRI). The experts, entrepreneurs and officials gathered at the Milan stock exchange for the second edition of the ‘Italy and the new Silk Roads’ conference and exchanged their views and opinions regarding BRI.

The conference covered a large range of topics from infrastructure, economy and power to transport, culture and tourism. The debate concluded that the BRI must provide counselling to companies that are willing to expand in the BRI countries. Michele Geraci, Italian Deputy Minister of Economic Development said, “Although it is still early to talk about the effects (of the Memorandum), we are seeing some initial results… a growing interest on the side of Chinese companies to engage with Italian counterparts to do business.”

All in all, the sectors in which the Italian government was interested to extend partnership were varied.

Chinese entrepreneurs appeared eager to exploit new opportunities in Italy, provided that the BRI provides the change that it has planned to in Italy.

Source: Xinhua News Agency