China and Italy signed a memorandum of understanding (MOU)
Wednesday, aiming to push forward their cooperation in exhibition
industry, managerial training and business visits.
The MOU was signed between the China Council for the Promotion
of International Trade (CCPIT) and Italian Trade Commission
(ITC).
According to the MOU, the two sides will bolster the development
of middle- and small-sized enterprises, organize Chinese and
Italian experts to train young managers, and facilitate the visits
of business delegations.
Based on the MOU on intellectual property rights (IPR) signed
between the CCPIT and ITC in 2004, the two sides will make detailed
agreements for implementing IPR protection and cracking down on
fake and pirated products.
"The MOU not only highlights the cooperation we already have
carried out but also marks a new start for us to make further
contribution to both economic and trade growth," said Wan Jifei,
CCPIT chairman.
Echoing Wan's remarks, ITC chairman Vattani noted that
Italy-China cooperation has produced positive results and called
for joint efforts to promote all-round cooperation.
Statistics show that China-Italy trade volume in 2005 topped
US$18.6 billion, up 18.8 percent year on year. The figure in the
first seven months of this year exceeded US$13.3 billion, up 24
percent year on year, which is expected to go over US$20 billion
for the whole year.
(Xinhua News Agency November 30, 2006)