Italy leaves BRI – INSIGHTSIAS

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Mapping

 

Source: BBC

 Context: Italy, the only major Western nation to join China’s Belt and Road Initiative (BRI) in 2019, has confirmed its withdrawal from the project ahead of the year-end deadline.

The BRI, a massive trade and infrastructure initiative, has faced criticism, with the US labelling it “debt-trap diplomacy.

 

About BRI 

The Belt and Road Initiative (One Belt One Road) is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in more than 150 countries and international organizations.

About Italy:

Italy is a boot-shaped peninsula in southern Europe into the Adriatic Sea, Tyrrhenian Sea, and Mediterranean Sea. Its location has played an important role in its history. The sea surrounds Italy, and mountains crisscross the interior, dividing it into regions.

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