Italy and France Reinforce Partnership for European Competitiveness
Rome, February 10, 2025 – Italy’s Minister for Economic Development and Mediterranean Affairs, Giancarlo Giorgetti, and France’s Minister for the Economy and Finance, Bruno Le Maire, met today in Rome to discuss ways to enhance cooperation between the two countries and support the competitiveness of the European Union.
During the meeting, the ministers highlighted the strong synergy between Italy and France in various areas, including innovation, energy, and infrastructure. They emphasized the need to collaborate closely to address common challenges and seize opportunities for mutual growth.
Key areas of cooperation
The ministers identified several key areas where they will work together:
- Digitalization: Promoting the development and adoption of digital technologies to enhance productivity and innovation.
- Green transition: Collaborating on renewable energy, energy efficiency, and sustainable infrastructure to meet climate targets.
- Industrial strategy: Supporting strategic sectors such as semiconductors, aerospace, and health to maintain European competitiveness.
- Investment facilitation: Creating a more favorable environment for business investment, including through joint investment funds.
- EU governance: Coordinating efforts to strengthen the European Union’s decision-making process and promote a more integrated economic area.
Joint initiatives
The ministers announced a series of joint initiatives to support these areas of cooperation:
- Bilateral business forum: Establishing a regular forum for businesses from both countries to exchange ideas, explore partnerships, and identify investment opportunities.
- Innovation fund: Creating a joint fund to support research and development in cutting-edge technologies.
- Energy cooperation: Enhancing collaboration on offshore wind energy, hydrogen production, and carbon capture and storage.
- Strategic industries: Establishing joint working groups to identify opportunities for cooperation in key industrial sectors.
Regional cooperation
The ministers also discussed the importance of regional cooperation within the European Union. They recognized the potential for Italy and France to play a leading role in promoting economic growth and integration in the Mediterranean region and beyond.
Conclusions
The meeting between Minister Giorgetti and Minister Le Maire reinforced the strong partnership between Italy and France. Both countries are committed to working together to enhance European competitiveness, address common challenges, and seize new opportunities for economic growth. The joint initiatives announced at the meeting will serve as a framework for future cooperation in a range of areas.
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