Italy became a member of China’s Silk Road
Reporter: Shakib Ahmad Nazari
Italy is the first European country member of seven industrial powers of the world, which officially becomes a member of the New Silk Road Project of China, or so called “One Belt and one Way” project. Rome, which seeks to revive its economy, ended its Western allies’ concerns with this membership.
The signing ceremony of this cooperation was held today during the three-day visit of China’s President Xe-Jin Ping to Italy. China is trying to strengthen its relations with other Western countries along with the US-led economic war. In addition to signing the agreement, Chinese and Italian companies signed 10 other agreements in the sectors of energy, steel and gas exports. Although details of these agreements have not been announced, a government source said the value of the deal is more than 20 billion euros.