Xi jinping
In a major jolt to ‘expansionist’ China, Italy withdrew from Xi Jinping’s ‘ambitious’ Belt and Road initiative. Italy, the only G7 nation to be part of BRI, quit the economic corridor dismissing fears of damaging Italian economy, said govt sources. Italy became part of BRI in 2019 after ignoring warnings from US that it might let China control sensitive technologies. As per Reuters, Italian PM Meloni wanted to withdraw from the deal as it hadn’t brought “significant gains” to Italy. However, China has not reacted after the Italy Government’s move regarding the Belt and Road initiative. Notably, more than 100 countries have signed agreements with China to cooperate on BRI projects since the scheme was launched in 2013. Italy’s move to quit BRI came as Italy is likely to elevate ties with India making several engagements between countries. India and China are at odds on many issues varying from trade to border disputes. Notably, Indian PM Narendra Modi met Italian PM Giorgia Meloni during the COP28 Summit in Dubai. The heads of the countries also held a bilateral meeting on the sidelines of recently concluded G20 in Delhi in September. Italy and India are among the countries who signed India Middle East Europe Economic Corridor project initiative in Delhi.
07 December, 2023 04:41 PM IST |
India will host the G20 world leaders on September 09-10 for the final Leaders’ Summit. The stage is all set and the national capital New Delhi is decked up to welcome world leaders. World leaders including Joe Biden, Rishi Sunak, Anthony Albanese will show their presence at much-awaited G20 Summit. Ahead of the much-anticipated G20 Leaders’ Summit a few World leaders will skip the Summit. Chinese Premier Xi Jinping likely to skip the G20 World Leaders’ Summit 2023 in India. Reacting to this, US President Joe Biden said that he is “disappointed” by reports of Xi skipping the meet. Russian President Vladimir Putin has confirmed that he won’t attend the summit in New Delhi next week. On Aug 28, Putin dialed PM Modi and confirmed that FM Sergey Lavrov will represent Russia. India holds the Presidency of the G20 from 1 December 2022 to 30 November 2023. The G20 members represent around 85 per cent of the global GDP. It also represents over 75 per cent of the global trade and about two-thirds of the world’s population.
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