While the economic impact of a role for Italy in the Belt and Road will be limited, the symbolism of a G-7 country signing on is also causing disquiet in Washington, according to a US official, who asked not to be named citing the sensitive nature of the topic.
All those military projects were designated as part of China’s Belt and Road Initiative, a $1 trillion chain of infrastructure development programs stretching across some 70 countries, built and financed by Beijing.
Tim Cook, chief executive of Apple, who is co-chairing the forum, told the meeting the business community "has always supported the idea that open markets foster new ideas and allow entrepreneurship to thrive."
India's worries over the 3,000-km long CPEC project connecting Pakistan's deep-water port Gwadar and China's Xinjiang stem from the fact that Gwadar, which was taken over by the Chinese, will become a future naval base.
Proposed by Chinese President Xi Jinping, the BRI focuses on connectivity and cooperation between Eurasian countries, primarily with China. It is not yet clear how the three courts will deal with cases from different countries which have diverse legal system.
"The project also generates additional obstacles for the Indian efforts to access markets and natural gas reserves in Central Asia -- a region that India cannot reach directly by land because Pakistan denies its transit rights on Pakistani soil," report said.
The town of Hambantota sits near one of the world's busiest shipping lanes and is an important part of the Belt and Road initiative, aimed at building trade and transport links across Asia and beyond to Europe
The commentary came as troops of India and China are in a face-off since June 16 over the Chinese military's attempt to construct a strategic road in Doklam region of the Sikkim sector, which India and Bhutan is strongly objecting to.