(Aki Elborzi): What have the general reactions in the Italian media been to the news that Italy is considering to join China’s Belt & Road Initiative (BRI)?
(Lucrezia Poggetti): Reactions have been mixed. Italian and International media had been reporting about the current Italian government’s plans to officially sign up to BRI for quite some time. The signature of a Memorandum of Understanding (MoU) on BRI has been among the priorities of Italy’s Ministry of Economic Development, and especially of the Undersecretary of State Michele Geraci, who in August 2018 established a ‘China Task Force’ under his ministry to promote closer economic and political ties with Beijing.
It is especially after the US voiced its criticism for Italy’s plans to officially endorse BRI, first made public by the FT and then reiterated in a tweet by the National Security Council, that a heated debate started within Italian politics. Now, the two coalition government partners are divided. The populist 5-Star-Movement wants to go ahead with the signature. The League wants assurances that this decision won’t harm national security and will give Italian companies concrete economic opportunities. The opposition parties have also been vocal against the idea of joining BRI, citing security-related concerns, but also the non-necessity of an MoU’s signature – which is, most of all, a political gesture – to export more to China or attract Chinese investment.
China’s President Xi Jinping will reportedly visit Italy from March 21-23. How significant would it be for China if Italy were to sign a Memorandum of Understanding (MoU) on joining BRI?
For China, an Italian signature of a BRI MoU would be significant, as it would give Xi Jinping and his pet project a huge legitimacy boost, by officially getting on board a G7 member, EU founder and 3rd largest economy of the Eurozone. As BRI has been struggling with some backlash internationally, Italy’s signature would help the initiativerwetretr’s reputation. Italy’s signature would also allow Xi Jinping to show China’s public domestically that he and his initiative enjoy a great reputation in Europe and the world. To European and American audiences, it would show that Italy is willing to sacrifice Transatlantic and European interests for closer ties with Beijing, a big boost especially as Xi will head to France and Mar-a-Lago after the Italy trip.