Italy may exit ‘New Silk Road’ – FT ...News

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Italy may exit ‘New Silk Road’ – FT
Rome is reportedly considering withdrawing from China’s ‘Belt and Road’ initiative Italy is planning to hold talks with China on potentially quitting Beijing's ‘Belt and Road’ (BRI) infrastructure and investment project, the Financial Times reported on Thursday, citing government officials. Rome became the only G7 country to sign up to the pact in 2019, sparking harsh words from Washington and Brussels. Italian participation will automatically be renewed in 2024 unless it actively exits the agreement.  “We want to maintain good relations with them [China] and work to avoid problems from escalating,” an Italian off

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