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Italy Becomes FIRST G-7 Nation To Ink New ‘Silk Road’ Protocol With China – Get The Details Here

Italy has signed a non-binding protocol with China to join in in Beijing’s new Silk Road of transport and trade associations extending from Asia to Europe.

Italy has inked a non-binding protocol with China to join in in Beijing’s new Silk Road of transport and trade associations
extending from Asia to Europe.

With this
move, Italy has emerged as the first -G7
nation
to sign up for the project.

Italian
Prime Minister Giuseppe Conte and Chinese
President Xi Jinping both joined a
ceremony in Rome on Saturday (23rd of March) for the signing of 29
Memoranda of Understanding.

The worth
of the deal is reportedly a whopping $5.6 to 8 billion.

The Italian
Prime Minister Mr Conte who is planning to visit China next month will also sign
a few more deals.

The Silk Road was an ancient network of
trade routes that connected the East and West. It was central to cultural
interaction between the regions for many centuries.

The Silk Road primarily refers to the
terrestrial routes connecting East Asia and Southeast Asia with East Africa,
West Asia and Southern Europe.