Italian President Sergio Mattarella said Friday that Chinese President Xi Jinping's State visit was strengthening cooperation between the nations. "Cooperation between Italy and China will be confirmed during the much-welcomed visit of President Xi with trade agreements," Mattarella said after meeting Xi at the presidential palace in Rome.
Mattarella hailed the memorandum of understanding that the Italian government is set to sign on Saturday related to Beijing's Belt and Road Initiative - a massive infrastructure plan that seeks to create a sort of modern-day Silk Road to better connect China to Europe and Africa. "The signing of the Italy-China memorandum is a sign of the attention devoted to a framework for an increase in cooperation between Italian businesses and Chinese businesses," he told a joint news conference with Xi.
Xi Jinping said that Beijing does not want trade and investment relations with Italy to be a one-way street.
"The Chinese side wants trade in both directions and a flow of investment in both directions," Xi said.
The Chinese president said the meeting with his Italian counterpart was "fruitful' and featured "broad agreement".
He also argued that the good bilateral relations between the States were positive for the whole international community.
"Looking at the world, we have an epochal change before us," Xi said.
"China and Italy are two important world forces to safeguard peace and promote development.
"China wants to work with Italy to revive the spirit of fairness, mutual respect and justice".
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