• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12834.61
    • RUB162.65
    • EUR14662.26
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +34°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    World

    Italy may not extend Belt and Road Initiative agreement with China in 2024

    Italy may not extend Belt and Road Initiative agreement with China in 2024

    Italy's defense minister, Guido Crosetto, strongly criticized his country's decision to join China's Belt and Road Initiative (BRI), referring to it as "improvised and atrocious," BBC reports.

    Italian Minister of Defence Guido Crosetto arrives to take part in the European Air Defence Conference gathering 18 Defence ministers, at Les Invalides in Paris on June 19, 2023.
    Source: Reuters

    He argued that the BRI has not provided significant benefits to Italy's exports and has instead favored China as the main beneficiary. Italy's participation in the global investment program, which aims to rebuild the old Silk Road trade route and connect China with Europe and beyond, was met with disapproval from its Western allies.

    Since joining the BRI in 2019, Italy has faced concerns from the EU and the US, who view the initiative as a means for China to expand its influence worldwide. The BRI involves China providing funding for large-scale infrastructure projects globally to facilitate the transportation of Chinese goods to more distant markets.

    Mr. Crosetto emphasized the need for Italy to find a way to exit the deal without damaging its relations with Beijing, acknowledging that China is both a competitor and a partner. As China has become more assertive on the international stage, Italy must carefully consider how to withdraw from the initiative without causing disruptions.

    Italy's biggest container port Gioia Tauro is seen from a helicopter in the southern Italian region of Calabria, November 8, 2012.
    Source: Reuters

    The BRI agreement with China is set to be automatically renewed in March 2024, unless Italy officially requests to withdraw by December of this year. "We'll take a decision before December," Meloni told U.S. broadcaster Fox News in an interview aired on Sunday, adding that the issue required discussions with the Chinese government and within the Italian parliament.

    China's foreign ministry has actively engaged in diplomatic efforts to persuade Italy to continue its participation, sending senior officials to lobby the country in support of the initiative. Despite the criticism and discussions surrounding Italy's involvement, China maintains that both nations have experienced positive outcomes and cooperation under the Belt and Road Initiative.

     

    Follow Daryo's official Instagram and Threads pages to keep up to date on world news.

    31.07.2023, 00:06   Comments (0)   1689
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Anthony Blinken warns of danger worse than nuclear war

    30.07.2023, 23:55

    Israel unveils $27 bn "One Israel Project", ambitious rail expansion plan involving Saudi Arabia 

    30.07.2023, 23:48

    Syria's northern border grapples with disasters: wildfires ravage region already reeling from earthquake 

    30.07.2023, 23:41

    Germany's economic growth stalls amidst energy crisis: IMF predicts contraction for 2023 

    30.07.2023, 23:32

    Saudi Arabian mining company acquires 10% stake in Vale, boosting sustainable energy tech 

    30.07.2023, 23:19

    French embassy in Niger vandalized amidst coup tensions; Macron warns of retaliation 

    30.07.2023, 23:11
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?

     

    Recommended

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34

    Uzbekistan’s foreign trade turnover reaches $24.6bn in 4M25, up 16.3% y/y

    22 May, 11:29

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24
     
     
     

    Latest news

    Afghanistan’s Balkh province doubles wet fruit harvest despite drought

    Afghanistan | 3 June, 17:11

    Kazakhstan and Afghanistan discuss expanding trade, infrastructure, and digital cooperation

    Kazakhstan | 3 June, 15:02

    Uzbekistan plan to reforest 1.5mn hectares by 2030

    Uzbekistan | 3 June, 14:00

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    Uzbekistan | 3 June, 12:34

    Japan, Uzbekistan partner to train and employ 10,000 Uzbek specialists

    Uzbekistan | 3 June, 11:32

    Uzbekistan produces 1.1bn kWh from solar and wind power in May 2025

    Uzbekistan | 3 June, 10:50

    Uzbekistan, China sign new deals and boost regional ties at Samarkand Interregional Forum

    Uzbekistan | 3 June, 09:00

    Tajikistan’s fruit exports hit by rising costs and stronger currency, EastFruit warns

    Tajikistan | 2 June, 17:05

    Pakistan moves to restore Ambassador role as ties with Afghanistan improve

    Afghanistan | 2 June, 14:40
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.