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Italy wishes to exit China's BRI pact: report
Giorgia Meloni tells Chinese counterpart
Italy wishes to maintain friendly ties with China

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Italy to pull out of China's ambitious Belt and Road Initiative pact: report

Name: Italy to pull out of China's ambitious Belt and Road Initiative pact: report
Uploaded: 2023-09-10T17:20:13.000+05:30
Duration: T00M27S
Channel: Editorji News Desk
Description: Italy had officially joined the BRI in 2019.

Italy had officially joined the BRI in 2019.

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Italy to pull out of China's ambitious Belt and Road Initiative pact: report

Giorgia Meloni, Italian Prime Minister, has indicated to her Chinese counterpart, Li Qiang, that Italy intends to withdraw from China's ambitious Belt and Road Initiative (BRI), according to Bloomberg.

Meloni signalled the intent to pull out of the pact during a meeting on the sidelines of the G20 Summit in New Delhi, while expressing the desire to maintain friendly ties with China, the report added.

Besides, the meeting between Meloni and Li is significant as Italy has publicly expressed its intention to exit the BRI, citing a lack of benefits for Rome from Beijing's extensive infrastructure program.

Italy had officially joined the BRI in 2019.

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Frequently Asked Questions

What is the Belt and Road Initiative (BRI)?❯

The Belt and Road Initiative (BRI) is an ambitious infrastructure development strategy proposed by China to enhance global trade and stimulate economic growth across Asia and beyond through various projects such as roads, bridges, and ports.

When did Italy join the Belt and Road Initiative?❯

Why is Italy considering withdrawing from the Belt and Road Initiative?❯

Has Italy officially withdrawn from the Belt and Road Initiative?❯

What was the context of Italy's decision to withdraw?❯