Daily Management Review

Strong, United Europe Can Be Achieved Through Closer Ties, Say French And Italian Industrialists


01/27/2018




Strong, United Europe Can Be Achieved Through Closer Ties, Say French And Italian Industrialists
To achieve a more unified, progressive and prosperous European business environment, closer business ties were identified to be the driver by leading French and Italian industrialists through joint declaration earlier in the week.
 
The joint declaration contained 11 points and was issued at the end of a two-day business forum in Rome. The conclave was attended to by 50 top honchos from business firms in both countries along with the French finance minister Bruno Le Maire and the Italian Finance Minister Pier Carlo Padoan.
 
Earlier this month, an announcement was made about a new bilateral treaty that was being worked upon by France and Italy which is believed to carry the traits to create a stronger and a more united European Union (EU). That announcement was made by French President Emmanuel Macron and Italian Prime Minister Paolo Gentiloni and the two leaders said that such a roadmap was the only way that EU should take in order to curb the rising nationalism and populism.
 
An important event related to the future of EU is the Italian elections that is to be held on March 4. This is being touted to be the next great test for the European Union because it is a straight fight between the pro-EU and pro-free trade parties and the parties that are riding their policies on populist, anti-immigrant and protectionist issues
 
"I believe France and Italy can work together to give Europe the right global dimension," Italian Finance Minister Pier Carlo Padoan told the forum in televised remarks.
 
He was echoed by his French counterpart. "We strongly believe in economic and industrial cooperation between France and Italy," Le Maire told reporters in footage he posted on his Twitter account.
 
Citing evidence of the "exceptional results" that the two countries – France and Italy, can achieve if they work together, he touted the posting of "800 million euros in 2017 profits" by the French-Italian electronics and semiconductor manufacturer STMicroelectronics.
 
"If we want to carry weight in the face of industrial giants such as the U.S. or China we must bring our industrial, research and innovation forces together," Le Maire added.
 
Formalization and completion of the union of the EU economic, monetary and banking was called for by the forum's final document. Among other calls made by the forum, thheh more important ones included investing in sustainable development in Africa to stop and reduce mass migration to Europe, creating educated and highly skilled new generations of Europeans and making sure a complete shift to low-carbon and digital economies.
 
Italy and France would cooperate in space, cybersecurity, and related fields and both the countries possessed a shared interest in "a European defence industrial policy", stated the joint declaration.
 
"We have a dream: that Europe become a more competitive place to do business, an ideal place for the young. We are proud of this joint declaration... a document which speaks European and thinks European," tweeted Vincenzo Boccia, the chief of Italian industrialists federation Confindustria.
 
(Source:www.xinhuanet.com)






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