Italy signed a memorandum of understanding with China to take part in the Belt and Road Initiative.
Italy signed a memorandum of understanding with China to take part in its giant Belt and Road Initiative trade project.
Italy has joined China's Belt and Road Initiative , the massive trade project aiming to connect the country to dozens of nations across Asia, Africa, Europe, and the Americas through Chinese-built infrastructure. Italian officials signed a memorandum of understanding to support an infrastructure program with Beijing on Saturday, during Chinese President Xi Jinping's visit to Rome,The MOU is non-binding — meaning there will be no legal ramifications for Italy or China if either withdraws from the agreement — and the exact details are unclear. BRI contracts between China and partner nations are typically shrouded in secrecy.
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