ROME (Reuters) - Italy is negotiating to sign a memorandum of understanding to become a part of China’s Belt and Road Initiative (BRI) when Chinese President Xi Jinping visits later this month, a government official said on Wednesday.
Junior industry minister Michele Geraci said that if Italy did sign a deal it would be non-binding and just “an initial framework”. He also dismissed reports that the United States is annoyed at the prospect of Italy joining the BRI.
Geraci told a news conference that Xi was due to visit Italy on March 22 and 23.
Reporting by Giuseppe Fonte; Editing by Crispian Balmer