Italy signed the pact in 2019 expecting a big boost to exports but hoped-for economic gains have not materialised.
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00:00 Italy has officially informed Beijing of its decision to withdraw from China's Belt and
00:05 Road Initiative.
00:06 It ends months of speculation over a relationship that has irritated Rome's Western allies.
00:12 It was the only G7 member to have joined the international trade group.
00:17 Italy signed the pact in 2019 expecting a big boost to exports but hope for economic
00:23 gains have not materialized.
00:25 However, Prime Minister Giorgia Maloney emphasized that her government was seeking to maintain
00:29 good relations with China despite the move.
00:32 [WHOOSH]