KEY POINTS
  • Italy's Prime Minister told reporters Sunday at a press conference at the conclusion of the Group of 20 nations leaders' summit in Delhi that a final decision to leave the BRI was still to be taken.
  • Italy remains the only Group of 7 industrialized countries that is a signatory of Beijing's signature Belt and Road Initiative that President Xi Jinping launched a decade ago.
  • Rome is coming under pressure to recast its relationship with Beijing to placate its western allies.
Workers produce large building materials and equipment for export to countries along the Belt and Road. Hai 'an city, Jiangsu Province, China, June 15, 2020.

Italy's reported withdrawal plan may set a precedence for a constructive exit from China's global trade and infrastructure initiative, setting the stage for future exits.

Italy remains the only Group of 7 industrialized countries that is a signatory of Beijing's signature Belt and Road Initiative, a centerpiece of President Xi Jinping's foreign policy program that was launched a decade ago.