Italy becomes first G7 nation to join China’s BRI
- Italy has joined the Belt and Road initiative (BRI) of China also known as One Belt One Road (OBOR). With this Italy has become the first G7 nation to join the BRI initiative of China.
- G7 nations consist of: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
Extra:
What is Belt and Road initiative (BRI): It is a development strategy adopted by the Chinese government involving infrastructure development and investments in 152 countries and international organizations in Europe, Asia, Middle East, Latin America and Africa.