On the 28th of October Mr. Massimo Deandreis, General Manager at SRM – The economic research centre related to Intesa Sanpaolo (INSME Sustaining Member) was one of the representatives attending an Italian Mission to China organized by Intesa Sanpaolo Bank in collaboration with the Italian Embassy in Beijing, the China International Contractors Association (Chinca) along with the support of ICE – the Italian Trade Agency aiming at promoting Special Economic Zones and Small and Medium Enterprises.
On that occasion Mr. Deandreis highlighted that the Mediterranean is emerging as a new strategic geo-economic location as it represents a gateway to European, North African and Middle East markets which means enabling the access to a market with a total GDP of € 19,151 billion. In addition Mr. Deandreis stressed the potential Special Economic Zones have: by referring to the Southern Italy’s SEZs he reported very impressive data which show this potential, for example SEZs register an export rate 40% higher than that generated in the territory and the container traffic showed an annual growth of 8.4% (data related to Italy show an average annual increase of 1.1% in the last 10 years).
Based on this huge potential Intesa Sanpaolo established a specific credit facility of € 1.5 billion to support new investments inside the SEZs.
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Source: SRM – The economic research centre related to Intesa Sanpaolo
