Online event in Italy looks for ways to set stage for post-pandemic investment

2021-06-08 22:06:33 GMT2021-06-09 06:06:33(Beijing Time) Xinhua English

ROME, June 8 (Xinhua) -- Italy's economy is preparing for the post-pandemic period in which it will seek to attract new, high-quality foreign investment from major economies including China, Italy's deputy minister for economic development Alessandra Todde said Tuesday.

Todde spoke at an online conference entitled "Italy, Land of Attractiveness for Foreign Investments," which was jointly sponsored by the Italy China Foundation and the Italy-China Chamber of Commerce.

In his opening remarks, Italy China Foundation President Mario Boselli said as many countries make progress in pushing back the most serious impacts of the coronavirus pandemic, it was "the right time for an event like this" designed to set the stage for closer commercial and economic ties going forward.

That is a point Todde picked up in her remarks, noting that every euro of investment in Italy from major foreign countries results in 3.30 euros in overall new investment and an additional 3.20 euros in added value. Every foreign job in Italy creates 4.6 new local jobs.

"We must help foreign investment grow," Todde said. "We want to attract quality investments in high-tech fields, design, industry, innovation, sustainability, and de-carbonization."

Todde closed her remarks noting that there was a lesson to be learned from the fact that the Chinese characters for "crisis" also mean "opportunity."

"We have to learn to turn the current crisis into an opportunity," she said. Enditem