Many Italian parties are against Rome's participation in China's Belt and Road Initiative, Antonio Tajani, the country's foreign minister said Saturday.
In 2019, Rome sent shockwaves throughout the Western world when it signed up to the BRI — China's massive infrastructure and investment plan aimed at boosting its influence across the world.
Rome sent shockwaves throughout the Western world in 2019 when it signed up to the BRI — China's massive infrastructure and investment plan aimed at boosting its influence across the globe. At the time, analysts said that by joining the project,When former European Central Bank chief Mario Draghi took power in Rome in 2021, he froze the agreement. Two years down the line and with a new government in place, Italy is now having another think about its ties with China.
Italy is due to announce in the coming months if it is officially ending its participation in the landmark Chinese project.the two parties can end the deal after five years, otherwise the partnership gets extended for another five-year term. Italy has until the end of the 2023 to inform China on whether it wants to end the deal.
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