Italy Tells China It Will Exit Belt and Road Investment Pact
- Minister says joining pact hasn’t produced ‘desired effects’
- Italy’s participation in program was due to expire in March
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The government of Italian Prime Minister Giorgia Meloni formally told China it would exit the Belt and Road Initiative, dealing a fresh blow to Beijing’s ambition to expand the massive investment program.
The pact “has not produced the desired effects” and is no longer “a priority,” Foreign Minister Antonio Tajani said at a Rome event Wednesday hosted by newswire Adnkronos. Countries not part of the pact “have had better results,” he added.