The Sino-Italian Bilateral Partnership Within the Framework of the MOU

Academic Paper from the year 2022 in the subject Politics - International Politics - Topic: International relations, , language: English, abstract: This research aims to analyze the ongoing progress of the China-Italy bilateral partnership, exploring the benefits and advantages for both countries, considering the economic recess of Italy (such as lack of investments in the infrastructures, in the research and innovation field), but its strategic geographical position and the Made in Italy. It also ponders the importance of Chinese direct investments in Italy, imports-exports, and the advantages of joining the Belt and Road Initiative.China and Italy have signed nineteen deals stated in the MOU, which set off a new era for the Sino-Italian bilateral partnership (ten more are between private companies). Italy also joined the Belt and Road Initiative, the Peoples Republic of Chinäs infrastructure maxi plan, which includes ports, railway lines, roads, and maritime corridors. The nineteen institutional arrangements, in addition to the collaboration within the Economic Silk Road and the 21st Century Maritime Silk Road Initiative, range from promoting collaboration between innovative start-ups to the agreement between the two governments to eliminate double taxation on income taxes as well as to prevent tax evasion and avoidance through a protocol on plant protection requirements for the export of fresh citrus from Italy to China and a MOU on the prevention of theft, clandestine excavations, import, export, trafficking and illicit transit of cultural goods together with the promotion of their return.