Italy’s Tria says no backlash via US after signing deal with China

The Belt in addition to Road scheme is actually meant to create a vast global network of land, sea in addition to digital connections linking China with Southeast Asia, Central Asia, the Middle East, Europe in addition to Africa. Critics say the unprecedented infrastructure plan will favor Chinese firms, boost Beijing’s international influence in addition to force developing nations to take on high debt burdens.

The White House has previously said Italy’s involvement in China’s grand plan could hurt its international reputation, according to the Financial Times.

Italian Deputy Prime Minister Luigi Di Maio told CNBC last month that will his country’s participation within the Belt in addition to Road initiative is actually “nothing to worry about.”

“We are maximizing all precautionary measures, in addition to I want to tell the U.S., in addition to I will tell them as well in next week’s visit, that will they are our allies, in addition to that will we understand their concerns,” Di Maio said.

On Friday, Tria told CNBC that will the agreement with China was “just a memorandum of understanding” which looks at invitations to develop potential activities, developments in addition to frameworks of international cooperation.