Belt and Road China deal didn’t carry anticipated outcomes: Italy Finance Minister

Trade between Italy and China has not improved as anticipated since Rome joined Beijing’s Belt and Road Initiative 4 years in the past, Italy’s Foreign Minister stated on Saturday.

Under a earlier authorities, Italy in 2019 grew to become the primary main Western nation to hitch China’s infrastructure initiative, regardless of protests from the United States.

“The Silk Road did not bring the results we expected,” Antonio Tajani stated on the European House Ambrosetti financial discussion board shortly earlier than leaving on a visit to China.

“We will have to evaluate, the parliament will have to decide whether or not to renew our participation.”

Rome is seen as extremely unlikely to resume the deal when it expires in March 2024 and has till December to formally withdraw from the accord, which is able to in any other case be prolonged for 5 years.

Tajani stated he would go away this afternoon for a three-day diplomatic mission in Beijing. Italy’s Prime Minister Giorgia Meloni stated she was planning to go to China in considered one of her subsequent journeys overseas.

Published On:

Sep 2, 2023