Sun, 03 Dec 2023

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As Italy and China have seen fruitful economic cooperation, Mario Boselli, the Italy China Council Foundation president, sees immense opportunities for Italian businesses in the Chinese market, emphasizing the importance of ongoing dialogue and mutual trust between the two sides.

by Zhou Xiaotian

MILAN, Italy, Sept. 20 (Xinhua) -- The Chinese market offers unmissable opportunities for Italian companies that desire to expand their presence internationally, Mario Boselli, president of the Italy China Council Foundation (ICCF), told Xinhua in a recent exclusive interview.

Boselli said that economic and trade cooperation between Italy and China over the past five years has been decidedly fruitful.

"China has a market of immense scale and a massive growth potential, with a high demand for quality and innovative products," Boselli said, recalling that Italy and China are two complementary economies in many sectors, such as mechanics, textiles, agribusiness and tourism.

According to a survey conducted by the foundation, 84 percent of Italian enterprises are positive about the economic and trade relations between China and Italy and their development prospects.

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Italy has been invited to participate in various exhibitions in China and was the guest of honor at the expos in Shanghai and Hainan, through which high-quality Italian products have entered thousands of Chinese households.

Boselli said that the foundation strongly believes in the participation of Italian companies in the important fairs held in China.

"We have been an official partner of the China International Import Expo in Shanghai since its first edition," he said, adding that this year the foundation will return to Shanghai to coordinate the presence of about 30 exhibitors there.

© Provided by Xinhua

Data from China's General Administration of Customs show that two-way trade has hit new highs for three consecutive years, amounting to 77.884 billion U.S. dollars in 2022, up 5.4 percent year-on-year.

In the first five months of this year, Italy's exports to China increased by 58 percent, according to the Italian National Institute of Statistics.

Boselli said he has witnessed the relationship extend to other areas, such as innovation, energy and the environment.

Boselli advocated for continued dialogue and mutual trust. "The two nations have different histories, cultures and political systems, but share common interests and have numerous opportunities," he said.

He added that it is necessary to maintain an open dialogue based on respect and trust, considering mutual sensitivities and expectations.

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