The Sino-Italy Investment Promotion Center officially began operations in Liangjiang New Area, Chongqing, on March 28.

The opening ceremony for the Sino-Italy Investment Promotion Center is held in Liangjiang New Area on March 28. [Photo/xinhuanet.com]

The center, co-founded by Italy's consulate general in Chongqing, the Liangjiang New Area administrative committee and the China-Italy Chamber of Commerce, expects to enhance bilateral cooperation on production capacity and boost investments in key industries, including automobile, environmental protection and machinery.

The Liangjiang New Area administrative committee and Italy's consulate general signed a cooperation agreement to build the Sino-Italy Industrial Park on Aug 3, 2017. Both sides will work together in areas such as manufacturing, urbanization, logistics and human resources.

The opening of the center will spur more exchanges and interactions between Italy and Liangjiang New Area.

Filippo Nicosia, Italy's consul general in Chongqing, speaks at the opening ceremony on March 28. [Photo/conschongqing.com]

"The center will not only attract Italian enterprises to build branches and bases in the industrial park, but also help Chinese enterprises to expand business in Italy," said Filippo Nicosia, Italy’s consul general in Chongqing.

Tang Zongwei, deputy director of the Liangjiang New Area administrative committee, said that the center can accelerate the development of the Sino-Italy Industrial Park.

"It will further strengthen our international cooperation in production capacity as well," he added.