Italy signed deals worth 2.5 billion euros ($2.8 billion) during Chinese President Xi Jinping`s visit to Rome, Deputy Prime Minister Luigi Di Maio said on Saturday, adding that the value of the contracts could rise to 20 billion.
Earlier, Di Maio inked a preliminary deal making Italy the first major wealthy Western nation to endorse China`s ambitious "Belt and Road" infrastructure project despite worries amongst key allies that this could undermine Western interests.
Di Maio told reporters the government remained committed to its Western partners but said it had to put "Italy first".
($1 = 0.8840 euros)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.