-
Italy ends BRI Deal, citing unmet expectations with China
Italy has confirmed its decision to withdraw from China’s Belt and Road Initiative (BRI), with formal notification given to Chinese authorities. This strategic move by Prime Minister Giorgia Meloni’s government will see Italy cease its participation in the BRI by the end of this year. Italy’s initial decision to join the initiative in 2019 made it the only major Western country to take part, drawing severe criticism from the U.S. and other nations. Italian Foreign Minister Antonio Tajani stated that the agreement "has not produced the expected results" and is no longer a "priority." Despite the withdrawal, the Italian government still intends to strengthen bilateral relations with China.2023/12/07 10:55