September 24, 2012
VAUGHAN, ON - The Mayor of the City of Vaughan today signed a Memorandum of Understanding with the President of the Province of Milan to develop a business relationship between the province and the City.
“This Memorandum of Understanding is a very important step towards economic cooperation between Vaughan and the Province of Milan,”said Mayor Maurizio Bevilacqua.
“As the Province of Milan is the gateway for innovation, entrepreneurial activity and business into Italy and the European Union, this Memorandum of Understanding will provide our City with the ability to pursue economic opportunities that can be achieved with the Province of Milan. I believe it is important that we pursue this strategy. The purpose of this mission is to expand the City’s reach on an international level and establish close ties with cities who share in a common vision of global trade, economic growth and job creation.”
The signing ceremony took place in Milan as part of the Italian Chamber of Commerce of Ontario (ICCO) Trade Mission to Italy. Mayor Maurizio Bevilacqua and Guido Podesta’, President of the Province of Milan, signed the agreement.
“I am happy to have received, today, at Palazzo Isimbardi, the delegation from the City of Vaughan,” declared the president of the province of Milan, Guido Podesta. “The political and commercial relations between our institutions, which began last year, on the occasion of our mission to Canada have given way to further developments. We have built the foundations for important relations with the Vaughan community. The signing of the Memorandum of Understanding is an important and meaningful step forward in strengthening our ties. The City of Vaughan is a city on the move and one with a great potential. Its future looks bright.”
The Province of Milan is in the Lombardy Region of Italy and has a population of over three million people. Its capital is the City of Milan, with a population of 1.3 million. The City of Milan is the economic and financial centre of Italy and is home to most international banks and the country’s principal stock exchange. It is also a manufacturing centre and is home to a variety of industries including telecommunications, innovation, and health care.