ROME, March 23 -- China and Italy signed here Saturday a memorandum of understanding (MoU) to jointly advance the construction of the Belt and Road during Chinese President Xi Jinping's state visit to the country.
The two sides welcome the signing of the intergovernmental MoU on jointly advancing the Belt and Road construction, said a joint communique issued by the two countries.
The two sides realize the huge potential of the Belt and Road Initiative (BRI) in promoting connectivity, and stand ready to strengthen the alignment of the BRI and Trans-European Transport Networks and deepen the cooperation in ports, logistics, marine transportation and other areas, the communique said.
The two sides expressed willingness to join efforts under the Asian Infrastructure Investment Bank (AIIB) to advance connectivity in line with the AIIB's mission and functions.
More air links can be expected as the two sides agreed to facilitate airlines from each other to do business and ease the market access for them, according to the communique.
During his state visit to Italy from March 21 to 24, Xi held talks with Italian President Sergio Mattarella and Italian Prime Minister Giuseppe Conte on bilateral ties, as well as regional and international issues of common interest.
The communique said the two sides have agreed to advance China-Italy comprehensive strategic partnership in the spirit of mutual respect and mutual benefit for win-win outcomes.
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