Italy becomes first G7 nation to sign China’s One Belt One Road plan

With the memorandum, Italy becomes the first member of the Group of Seven major economies, which includes the United States, to join Belt and Road, following Portugal’s embrace of the initiative in December. Italy’s move appears to be driven partly by hopes that Chinese investment in Italy's ports might help revive the country’s traditional role as a key link in trade between the East and West.

from Times of India https://ift.tt/2HACMyJ
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