On July 23 , Italian Prime Minister Giorgia Meloni revealed in a recent interview that President Joe Biden hasn’t raised Italy’s BRI membership. Meloni supports the initiative for its economic potential.
The Belt and Road Initiative (BRI), launched in 2013 by Chinese President Xi Jinping, is a vast infrastructure project connecting Asia, Europe, and Africa. It includes roads, railways, ports, and more, sparking varied responses globally.
With 146 countries, including Italy in 2019, joining the BRI, concerns arise about China’s growing influence. The United States, though not a member, fears its impact on the region.
While the Biden administration is yet to issue an official response, a White House spokesperson emphasizes working with European allies. Their aim is to avoid unfair competition and debt traps resulting from the BRI.
The Belt and Road Initiative has far-reaching implications for the global economy and is considered a significant geopolitical development.
Its long-term effects remain uncertain, but many nations see the BRI as a potential catalyst for growth and development.
