tirsdag 19. mars 2019

Italy takes a chance on Belt and Road


Attending the first Belt and Road Forum in Beijing in 2017, the previous Italian prime minister Paolo Gentiloni stopped short of signing up to join the global mega-project, as no other European Union country had shown interest. However, a lot has changed since Italy’s populist right-wing government took over last June, and Rome has formally announced that it will participate in China’s Belt and Road Initiative (BRI) after three high-level visits to Beijing

As a country that connects Europe and Africa, Italy is on its way to becoming a prime BRI destination, which will decisively put the contemporary version of the old Silk Road on the ground. In 2018, the EU announced an exclusive mega-project of its own, the “EU Corridor,” as a suitable alternative. Setting aside this option, Rome is determined to participate in the Chinese mega-project instead. Engaged in preliminary negotiations, Rome is about to clinch a deal with Beijing and sign some memoranda of understanding during President Xi Jinping’s visit to Italy at the end of March.