How to De-Risk From China: Lessons From Italy

Hedging ‘Light’: Italy’s Intermezzo With China’s Belt and Road Initiative

Italian policymakers have echoed other Western voices in calling for “de-risking,” especially avoiding economic overreliance on China. Italy, like fellow European governments, insists that de-risking is distinct from decoupling; indeed, de-risking has been largely fashioned to avoid the decoupling debate.  Discussion on these issues began in Italy in the aftermath of the Giuseppe Conte government’s … Read more

Japan, Italy Agree to Further Strengthen Bilateral Defense Ties

Japan, Italy Agree to Further Strengthen Bilateral Defense Ties

Japanese Prime Minister Kishida Fumio and his Italian counterpart, Giorgia Meloni, have agreed on a series of measures to further deepen their bilateral defense cooperation through port calls by naval vessels, including an aircraft carrier strike group, as well as the joint development of a next-generation fighter jet. Highlighting the growing convergence between the two … Read more

Hedging ‘Light’: Italy’s Intermezzo With China’s Belt and Road Initiative

Hedging ‘Light’: Italy’s Intermezzo With China’s Belt and Road Initiative

In early December 2023, the news spread that Italy had quietly exited from China’s Belt and Road Initiative (BRI). Italy, the first and so far only G-7 member to have joined BRI, thus also became the first and only country to leave China’s giant global infrastructure development scheme.  The BRI, launched in 2013, seeks to … Read more

Italy Wants to Exit the Belt and Road – But Without Curbing Ties With China

Italy Wants to Exit the Belt and Road – But Without Curbing Ties With China

Advertisement Rome plans to exit China’s Belt and Road Initiative (BRI), as made clear by several declarations from Italian Premier Giorgia Meloni over the last year – most recently during her meeting with Chinese Premier Li Qiang at the G-20 summit in India. Meloni has repeatedly indicated that Italy will cancel the March 2019 memorandum … Read more

Italy’s Pivot: Unravelling China’s Belt and Road?

Italy’s Pivot: Unravelling China’s Belt and Road?

Advertisement In 2019, Italy became the first European Union member – and the only G-7 state – to join China’s Belt and Road Initiative (BRI). Four years later, now under a new government, Italy is seeking not to renew the agreement, which expires in December this year. Italian Defense Minister Guido Crosetto said Italy’s decision … Read more