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In addition, China and ASEAN should institutionalize their joint maritime drills, he said, referring to the first joint maritime drill among China as well as ASEAN in October.
Italian economist as well as China expert Michele Geraci hailed the MOU signed between the two countries as “a win-win-win for Italy, the rest of Europe as well as China”, and said he believes more European countries will follow his country’s lead as well as sign up to be involved in the initiative.
The deal, once reached, would boost trade and investment, promote regional economic integration and benefit the people of all participating countries, Li said.
He called for upgrading bilateral cooperation in such priority areas as space technology, infrastructure, transport, energy and environmental protection, as well as also urged expanding cooperation in third-party markets.
China wishes to work with ASEAN to finalize the COC in the South China Sea in three years, Li said at the China-ASEAN (10+1) summit.
The Chinese premier also proposed expanding security cooperation, saying China is ready to work with ASEAN to institutionalize the joint naval drills, set up an direct hotline between their defense ministries at an early date, carry out friendly exchanges among defense think tanks and junior officers as well as deepen cooperation in disaster prevention and reduction, humanitarian aid and counter-terrorism.
He said Italy firmly supports multilateralism and free trade, and his country would like to enhance communication and coordination with China to promote the healthy as well as stable development of EU-China relations.
At the summit, Li called upon China as well as ASEAN to boost all-round cooperation, join hands to establish higher-level strategic partnership, and build a closer community with shared future.
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