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Italy wants 7 billion euros in exports to China

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Staff Writer | Thursday March 21, 2019 8:01AM ET
Xi Jinping
Europe   Chinese President Xi Jinping was due to arrive in Rome

Italy hopes to increase exports to China by 7 billion euros (6 billion pounds), junior Industry minister Michele Geraci said hours before Chinese President Xi Jinping was due to arrive in Rome at the start of a 3-day visit.


Xi is expected to sign a preliminary accord with Prime Minister Giuseppe Conte on Saturday, hooking Italy up to his giant Belt and Road infrastructure project. More than 30 parallel deals are also in the pipeline.

“Italian exports to China amount to 13 billion euros while French exports total 20 billion euros. My first goal is to close this gap of 7 billion euros,” Geraci said in a interview published on his Facebook account.

Italy’s financial daily Il Sole 24 Ore reported on Thursday that the government wanted to generate 7 billion euros in new business through various deals set to be signed on Saturday.

 

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