- Italy is negotiating a preliminary deal to become a part of China’s giant “Belt and Road” infrastructure plan to boost trade, a government official said on Wednesday, in a move that could upset the United States.
The Belt and Road Initiative , championed by Xi, aims to link China by sea and land with southeast and central Asia, the Middle East, Europe and Africa, through an infrastructure network on the lines of the old Silk Road. “We are still negotiating the details of the MOU and it might, or might not be signed,” Geraci said. “It is an initial framework. It is not a contract, there are no commitments, there are no funds and no obligations.”
“We view BRI as a ‘made by China, for China’ initiative,” the newspaper quoted Garrett Marquis, White House National Security Council spokesperson, as saying. A number of European Union states have already signed MOUs with China, including Croatia, Czech Republic, Hungary, Greece, Malta, Poland and Portugal. If Italy signs it would be the first Group of Seven major industrialized nation to do so.
Not getting enough freebies from the EU?
Will the silk road go through the TAV ?
Pastas !!!
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