Armenia, Azerbaijan sign US-brokered peace roadmap to end decades of conflict    Trump, Putin to meet in Alaska on Aug. 15 for talks on ending Ukraine war    Over 60 million visit the Two Holy Mosques in Muharram    King, Crown Prince extend condolences to Ghana over deaths of ministers in helicopter crash    Saudi customs seize 406,000 Captagon pills hidden in sheep wool at Haditha crossing    Red alert issued for Asir as heavy rains, thunderstorms forecast    Netanyahu divides Israelis and allies with plan for new military push in Gaza    Cristiano Ronaldo denies role in Félix transfer, hails Saudi Pro League    Building trust throughout markets with sharia compliant innovation    Saudi stock market may open to global investors, regulator says    AI governance... A necessary good    Saudi relief trucks arrive in Syria's Sweida province with humanitarian aid    SFDA marks World Breastfeeding Week with awareness push on mother-child health    Over 40,000 apply for Saudi Premium Residency in 18 months as benefits attract investors    Al Hilal fined, banned from next Saudi Super Cup after withdrawal    Ed Sheeran surprises fans with Irish performance    'The Walking Dead' actress Kelley Mack dies at 33    Danish zoo asks for unwanted pets to feed its predators    Al Qadsiah sign Saudi starlet Musab Al Juwayr from Al Hilal    Salm Al-Dawsari returns to Al Hilal training after injury layoff    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Italy joining China's BRI was atrocious move, defense minister says
Published in The Saudi Gazette on 30 - 07 - 2023

Italy made an "improvised and atrocious" decision in joining China's Belt and Road (BRI) initiative, Defense Minister Guido Crosetto has said.
Crosetto claimed the initiative had done little to boost Italy's exports, making China the only winner.
China has previously said both nations have seen "fruitful results" as a result of the BRI.
Italy became the first developed economy to join the BRI in 2019 — a move criticized by its Western allies.
The global investment program envisions connecting China with Europe and beyond through rebuilding the old Silk Road trade route.
Under it, China provides funding for major infrastructure projects around the world, in a bid to speed Chinese goods to markets further afield.
Critics see it as a tool for China to spread influence. Both the EU and the US expressed concern when Italy decided to join the scheme four years ago.
"The decision to join the (new) Silk Road was an improvised and atrocious act" that increased Chinese exports to Italy without having the same effect on Italian exports to China, Crosetto told Italian newspaper Corriere della Sera.
He said Italy now needs to work out how to get out of the deal without damaging relations with Beijing.
"The issue today is: how to walk back (from the BRI) without damaging relations (with Beijing). Because it is true that China is a competitor, but it is also a partner," Crosetto said.
As Beijing had become increasingly assertive on the world stage, Italy would have to think about how to withdraw "without producing disasters", he said.
There has been intense discussion about whether Italy should remain in the BRI since May, when Prime Minister Giorgia Meloni said she wanted talks with China about possibly withdrawing.
It is set to be automatically renewed in March 2024 unless Italy makes a formal request to withdraw from it by December this year.
China's Foreign Ministry previously said it believed "China and Italy should further explore their cooperation potential" under the BRI and "strengthen mutually beneficial cooperation to seek more fruitful cooperation results."
In comments quoted in the English language edition of the state-affiliated Global Times newspaper in May, Foreign Ministry spokesperson Wang Wenbin added that the two nations have seen "fruitful results" in many fields as a result of the BRI.
Beijing has since launched a diplomatic campaign to try to persuade Italy to renew the deal by sending senior officials to the country to lobby its case. — BBC


Clic here to read the story from its source.