Silk Road Project Agreement With China
Italy and China followed their commitments and signed a total of 29 trade policy agreements (19 institutional agreements and 10 trade agreements) worth about €2.5 billion ($2.8 billion) for the implementation of the so-called New Silk Road project. Last week, as Xi met with Italian leaders, Macron announced the end of the «period of European naivety» towards China and sought to tighten rules for protecting strategic economic sectors. They insisted on greater reciprocity and transparency on china`s part and tried to convince Conte that he had made a critical mistake in joining the One Belt One Road project. Three belts are proposed. The northern belt would pass through Central Asia and Russia for Europe. The central belt crosses Central and Western Asia to the Persian Gulf and the Mediterranean.