AREL: development of the new silk road

On May 6th, 2019, AREL - Research and Legislation Agency and ITALIASEAN Association, in collaboration with Guglielmo Marconi University, hosted a fascinating meeting on the development of the New Silk Road, with a specific focus on the maritime path. The event was particularly relevant given the Memorandum of Understanding signed on March 23rd, 2019, between the Italian government and China. The memorandum included a series of commercial and institutional agreements and confirmed the Italian participation in China’s One Belt One Road Initiative (BRI). Esteemed Professor Rainer Masera, Dean of the Faculty of Economics at Guglielmo Marconi University, and President Enrico Letta, former Prime Minister, opened the debate, between Marco Chirullo, speaking from the European Commission point of view, Gianfranco Di Vaio, Responsible for Research at Italian “Cassa Depositi e Prestiti”, and Paolo Guglielminetti, Global Rail and Surface Transport Leader at PWC.

The debate focused on a series of important topics regarding the New Silk Road, highlighting that the maritime path could represent an opportunity for Italian companies to increase the economic relationships not only with China but also with Southern Asian countries. In fact, during the following years, countries like Indonesia, Vietnam, and Bangladesh are expected to be the world’s most rapidly growing economies.
Nonetheless, whereas there are several positive aspects, the BRI also has several challenging points and issues that have to be adequately addressed.
However, given the extremely relevant nature of the New Silk Road for the Italian economy, the challanges will be thoroughly discussed in future events co-organized by Guglielmo Marconi University.

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