Italian Port of Trieste to Collaborate with China’s CCCC
- Business & Finance
Italian Port of Trieste and China Communications Construction Company (CCCC) have signed an agreement that will enable Italian products of small and medium companies to access Chinese markets as well as facilitate infrastructure development in central Europe.
The agreement between the duo was signed in Rome on March 23, 2019.
The Port of Trieste expects to expand presence both in central European and China’s maritime markets. As informed, the collaboration will allow the Port Network Authority to explore new opportunities related to CCCC’s project to build and manage a terminal in Slovakia.
The port and CCCC also plan to explore collaborative ventures for logistical-industrial projects in China, with the aim of facilitating logistics and commercial flows.
“Through this agreement, we aim to organize outgoing logistics in the port. We are committed to supporting our SMEs’ exports to China and the Far East, as they are not large enough to take on such investments on their own,” Zeno D’Agostino, Port Authority of Trieste President, commented.
“The Authority is making itself available to Italian businesses to develop port and logistics platforms in China that will allow Italian products to join the commercial flows towards this major and expanding market,” he added.
With the new agreement, the Port of Trieste is expected to play a role in the Belt and Road Initiative (BRI), a Chinese state-backed plan to improve regional cooperation and connectivity on a trans-continental scale.
Also on March 23, the two parties formalized an agreement on railway infrastructure near the ports of the eastern Adriatic Sea.
The signing of the agreements concludes the two-day event revolving around the visit of the Chinese president. The port authority was one of the delegates that participated in this event, during which it held b2b meetings with Chinese firms, including Power China.