Italy and China Decide to Strengthen Free Movement of Trade in the Suez Canal
Italy and China have agreed to work together to ensure the free movement of trade in the Suez Canal and the Red Sea. With the announcement of the Italian Deputy Prime Minister and Foreign Minister Antonio Tajani, a new era in economic relations between the two countries begins.
The 15th Italy-China Joint Economic Commission Meeting in Verona witnessed a new dimension of economic cooperation between the two countries. Antonio Tajani, Italy’s Deputy Prime Minister and Foreign Minister, announced that during the talks with China, an agreement was reached to carry out a joint study to guarantee the free movement of trade in the Suez Canal and the Red Sea region.
Security of Trade Routes is a Priority
“I have seen agreement to work with China to guarantee the free movement of goods in the Suez Canal and the Red Sea.
There is a consensus that everyone should make every possible effort to de-escalate tensions in the region and ensure the security of trade routes,” Tajani told the press conference.
Iran urged to put pressure on Houthis
Tajani also said that he had asked China to talk to Iran about putting pressure on the Houthis. This move is critical for the stabilization of the region and the safe continuation of trade.
Tajani emphasized that the United States and China should strive for a just peace between Ukraine and Russia. “This means that the Russians stop attacking Ukraine,” he added.
A New Page in Italy-China Relations
Tajani said that despite the competition with China, their relations are positive and that they have decided to hold annual mixed commission sessions to promote trade between the companies. He noted that the discussions in the Commission were positive and that there is a desire to strengthen the volume of trade between Italy and China.
Withdrawal from the Belt and Road Initiative and New Policies
Italy’s withdrawal from China’s Belt and Road Initiative in December 2023 for not getting what it expected led to new policies in relations between the two countries. Tajani said before the meeting that the sessions were “aimed at opening a new page” in the relations between the two countries.
While these developments are carefully monitored in the international trade and politics arena, Italy and China’s joint steps are considered as an important turning point for the future of regional and global trade.
Conclusion
This strategic cooperation between Italy and China is especially important for securing critical trade routes such as the Suez Canal and guaranteeing free movement. While the economic commission meetings between the two countries lay the foundation for future cooperation, the steps taken for regional stability and peace are closely followed by the international community.
