Financial Times FT.com

Italy and France form ‘trade axis’

By Guy Dinmore in Rome

Published: June 12 2008 03:24 | Last updated: June 12 2008 07:35

Italy has hitched its wagon to the forthcoming French presidency of the European Union, declaring a new trade “axis” to push their case within the World Trade Organisation.

Diplomats on Wednesday said a stronger protectionist stance against China, India and other developing countries was emerging under Italy’s new centre-right government. Silvio Berlusconi, the prime minister, views Nicolas Sarkozy, the French president, as an economic and security ally.

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