Country likely to enhance bilateral ties with Italy.

By bne IntelliNews March 30, 2012
China is likely to enhance bilateral trade ties with Italy expanding exchanges and cooperation on various areas with the upcoming visit of the Italian Prime Minister Mario Monti to the country. As reported by Xinhua News Agency, the two sides devised an action plan during 2010 targeted at doubling bilateral trade to USD 80bn by 2015 as compared to USD 51bn posted last year. Trade surplus declined to USD 155bn last year as compared with USD 300bn recorded in 2008, making significant contributions to international trade balance. Italy expects the country's trade surplus to be lowered further helping bilateral trade to grow in a more balanced way.

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