Months after PM Giorgia Meloni called Italy’s participation in China's Belt and Road Initiative “a mistake”, the G7 country has officially pulled out from the flagship programme. Italy has become the latest and only Western country to join and leave the Chinese flagship programme. The Philippines also announced its exit from BRI a month ago. , World News, Times Now
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Italian Prime Minister Giorgia Meloni has announced Italy s plan to withdraw from the Belt and Road Initiative (BRI) during a meeting with Chinese Premier Li Qiang at the G20 summit, as per media reports in Italy. Italy aims to replace its involvement in the BRI by revitalizing a strategic partnership agreement with China, signed in 2004. Italy is the only G7 nation to have joined the BRI
Meloni has been waiting for the opportune moment to pull out of the BRI deal and several Italian ministers have lamented Italy’s participation in the China-backed BRI.