Italy's Exit from the Belt and Road Initiative: Will, Impact and the Pattern of Globalization.
Italy's recent announcement of its withdrawal from the Belt and Road Initiative (BRI) has made waves on the international stage. The country's ** Deputy Prime Minister and Foreign Minister Tajani made it clear that this decision does not mean a deterioration of relations with China, but for the better development of cooperation in the business sphere. However, this decision involves a complex set of international relations, strategic considerations, and changes in the global economic landscape.
Reasons and effects of Italy's withdrawal.
Meloni's decision is widely seen as being influenced by the United States. After Prime Minister Meloni's visit to the United States, Italy quickly made the decision to withdraw from the Belt and Road Initiative. This move was interpreted as part of the US strategy towards China, which saw Italy as a "victim" between China and the United States.
Italy's response to this did not directly state the reasons for the withdrawal, but stressed the lack of "significant economic benefits" and "expected effects". This means that Italy has not received the expected return on its investment in the Belt and Road Initiative, or that Italy** has questioned the economic benefits of the initiative.
The implications of this decision are manifold. First of all, Italy's economic construction and GDP growth under the framework of the Belt and Road Initiative may be affected, and potential business opportunities may be lost. At the same time, the all-round cooperation between China and Italy may be affected to a certain extent, which may cause damage to Italy's international image and credibility.
China continues to promote the Belt and Road Initiative
Despite the widespread concern surrounding Italy's withdrawal, China still showed a strong posture and determination at the third Belt and Road Summit. The summit was attended by representatives of 151 countries and 41 international organizations, resulting in 458 outcomes and agreements worth $97.2 billion.
The total amount of China and the Arab League** has exceeded $430 billion, doubling from a decade ago. The signing of a memorandum of understanding with Jordan to jointly promote the Belt and Road Initiative, as well as the signing of cooperation documents between China and all Arab countries, demonstrate China's efforts and success in advancing the Belt and Road Initiative on a global scale.
While Italy's exit is undoubtedly a high-profile event, the overall impact on the Belt and Road Initiative is limited. China is still promoting this initiative, and has made considerable achievements in the field of international cooperation and development, demonstrating its determination and influence in global cooperation.
Italy's withdrawal may be just a small episode in the path of the Belt and Road Initiative, rather than a huge obstacle to the overall development of the initiative. It is also a reminder that the Belt and Road Initiative, whether they participate or not, will continue to shape the direction of the global economy and politics, and that this is not only China's initiative, but also a product of the era of globalization, which needs to be tackled and grasped by the whole world.