Italy Officially Quits China Belt and Road initiative

Italy has officially exited from China Belt and Road Initiative (BRI), marking a significant shift four years after becoming the sole Group of Seven (G7) nation to join the project. The withdrawal, first reported by the Italian newspaper Corriere della Sera, revealed that Beijing was informed of this pivotal decision three days prior.

In 2019, Italy made headlines as the first major Western country to align with the BRI, despite concerns from the United States regarding China potential control over critical infrastructure and technologies. The Italian government formal withdrawal from the project was communicated through the cancellation of the agreement, as reported by Corriere della Sera through an auto-translation.

The exit process involved weeks of confidential negotiations and diplomatic complexities, culminating in Italy presenting a verbal note to Chinese government authorities in Beijing. Remarkably, there was minimal public announcement of the cancellation, with neither country issuing an official statement.

China, which oversees a project facing financial challenges, had originally sealed the Silk Road Memorandum with then-Prime Minister Giuseppe Conte of Italy and Chinese President Xi Jinping on March 23, 2019. The current Prime Minister, Giorgia Meloni, who assumed office last year, expressed her intention to withdraw from the BRI, citing a lack of significant benefits for Italy.

Meloni disclosed her plan to leave the BRI during a meeting with Chinese Premier Li Qiang on the sidelines of the G20 Summit in Delhi. In a subsequent press conference, she characterized the dialogue as "cordial and constructive," emphasizing her commitment to visiting China once there is more clarity on bilateral cooperation.

Despite the decision to leave the Silk Road, Meloni assured that it would not compromise relations between Italy and China. She emphasized the ongoing nature of the decision-making process, highlighting that although the Italian government received an invitation to the Belt and Road Forum, discussions on the matter did not take place during the G20 Summit.