Wuhan-Milan railway link to boost trade ties between China and Italy
The newly opened freight-train link between Wuhan, China, and Milan, Italy will add a valuable new option to boost bilateral trade, analysts said.
Even before plans for the Wuhan-Milan link were drawn up, the economic ties between China and Italy were strong. In 2019, Italy signed a Memorandum of Understanding with China on the Belt and Road Initiative (BRI). That year China was again one of Italy’s top trading partners.
“Trains are a midway point between expensive air transport that can have merchandise arrive in a day, and inexpensive cargo ships that take 30 or 35 days to deliver their goods between China and Italy,” said Andrea Giuricin, a professor of transport economics at Milan’s Bicocca University.
Giuricin said trains between China and Europe were still too slow to transport perishable goods. But the links were ideal for automobiles, car parts, and electronic goods. He predicted that the rail links between China and Italy and other European ports of call would see strong growth for at least the next six to seven years.