Italy ↔ Belt and Road Initiative

Relations (1)

cross_type 2.58 — strongly supporting 5 facts

Italy is related to the Belt and Road Initiative because it was the first G7 nation to formally join the initiative in 2019 [1], [2], [3], before subsequently deciding to formally disengage from the agreement in 2023 [4].

Facts (5)

Sources

Strategic Rivalry between United States and China swp-berlin.org SWP 3 facts

claimIn March 2019, Italy became the first G7 state to sign on to China’s Belt and Road Initiative, also known as the New Silk Road.

claimIn March 2019, Italy became the first G7 state to sign onto China's Belt and Road Initiative, subverting the desire of other European Union member states to negotiate participation in the initiative as a unified European bloc.

claimItaly's decision to sign on to the Belt and Road Initiative subverted the desire of other European Union member states to conduct talks about participating in the initiative only as a unified European bloc.

Quest for Strategic Autonomy? Europe Grapples with the US - China ... realinstitutoelcano.org Real Instituto Elcano 2 facts

accountItaly formally disengaged from the Belt and Road Initiative (BRI) after its Memorandum of Understanding (MoU) expired in December 2023.

claimThe status of Greece's Memorandum of Understanding (MoU) with the Belt and Road Initiative is unclear, though if it follows the five-year duration model used by Italy, it may have expired in 2023.