Italy aims to sign preliminary Belt and Road deal with China

Malaysia News News

Italy aims to sign preliminary Belt and Road deal with China
Malaysia Latest News,Malaysia Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Italy is negotiating a preliminary deal to become a part of China's giant &...

- 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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Italy is reportedly going to support China's Belt and Road programItaly is reportedly going to support China's Belt and Road programItaly is planning to officially announce its support this month for China's Belt and Road Initiative, according to the Financial Times.
Read more »

Italy plans to join China's Belt and Road Initiative: FTItaly plans to join China's Belt and Road Initiative: FTItaly plans to sign a memorandum of understanding to become a part of China&039...
Read more »

Xi Jinping's dream to connect the entire world economy with Chinese-built infrastructure is poised to claim its biggest victory yetXi Jinping's dream to connect the entire world economy with Chinese-built infrastructure is poised to claim its biggest victory yetItaly is due to sign a memorandum of understanding with China to take part in the Belt and Road Initiative, the Financial Times reported.
Read more »

Pompeo: US to make sure China can't blockade South China SeaPompeo: US to make sure China can't blockade South China SeaMANILA, Philippines (AP) — U.S. Secretary of State Mike Pompeo says the United States is committed to ensuring the South China Sea remains open to all kinds of navigation and that 'China does not...
Read more »

Are France and Italy helping Libya illegally prevent migration?Are France and Italy helping Libya illegally prevent migration?France and Italy plan to offer guard boats to Libya to prevent migrants from crossing the Mediterranean into the European Union.
Read more »

France's Macron looks to overcome Italy row, warns against nationalismFrance's Macron looks to overcome Italy row, warns against nationalismFrench President Emmanuele Macron, warning against the dangers of resurgent nati...
Read more »

Berlin, asked about Italy, says bail-in rules are key for saving banksBerlin, asked about Italy, says bail-in rules are key for saving banksThe European Union's 'bail-in' rules covering failing banks are a...
Read more »

England ready for unorthodox tactics from Italy, says YoungsEngland ready for unorthodox tactics from Italy, says YoungsEngland are prepared for any tactical surprises Italy may spring in Saturday&03...
Read more »

Italy Allows Illegal Homes to Be Rebuilt, Earthquake Zone or NotItaly Allows Illegal Homes to Be Rebuilt, Earthquake Zone or NotItalian politicians have a long record of granting amnesties allowing homes in earthquake-hit areas to be rebuilt. The upstart government was supposed to change that, but it has bowed to local pressure—a sign of how Italian political habits die hard.
Read more »

China is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley saysChina is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley saysTesla has ambitious growth targets in China that make Morgan Stanley 'cautious,' exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday.
Read more »



Render Time: 2025-02-25 22:24:30