TNPSC Thervupettagam

Italy and BRI

December 9 , 2023 352 days 315 0
  • Italy is the only major Western nation and the only G7 nation to sign to join China’s Belt and Road Initiative (BRI) in 2019.
  • But in 2023, it has confirmed its withdrawal from the project.
  • The Belt and Road Initiative (One Belt One Road) is a global infrastructure development strategy adopted by the Chinese government in 2013
  • It has faced criticism, with the US labelling it “debt-trap diplomacy.”

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