The 2014-2016 plan was issued after talks between Chinese Premier Li Keqiang and Italian Prime Minister
"We want not only the issuing of the action plan, but also results," Li said during a joint press briefing with Renzi. The premier said the two sides will hold the sixth meeting of the bilateral governmental committee in the second half of the year in
According to the plan, the two countries will promote growth of bilateral goods and service trade and realize trade balance through an increase of Italian exports to
To expand bilateral trade, the two sides will enhance cooperation in environmental protection and energy, agricultural products and processing, food security, urbanization, medicine, health and aviation.
"We both agree that the scale of our bilateral trade and investment should have a large increase for our economic scale and development potential," Li said.
The two sides will further strengthen cooperation in customs, health and plant quarantine. They also pledged to open their domestic markets more effectively and reduce barriers for trade and investment.
For industrial and investment cooperation, the two sides will cooperate in areas including waste material salvage, renewable energy, architecture and design, health service, aviation, engine technology, machinery, communication technology, nanotechnology, biopharmacy, shipbuilding, and oil and gas exploration, the action plan said.
The two sides agreed to allow Chinese capital to invest in
The two sides will strengthen cooperation in intellectual property protection to fight against fake goods.
With regard to financial cooperation, the action plan said
Renzi told the press that
The two sides also agreed to promote technological and innovation cooperation through various governmental mechanisms and organizations.
Renzi also welcomed Li to visit
During the talks, the two prime ministers also discussed the
Renzi echoed Li saying
Li and Renzi attended the inaugural ceremony of a
Chinese President Xi Jinping and top legislator Zhang Dejiang also met with Renzi on Wednesday.
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