trade investment: But Di Maio said Rome's so-called golden powers in supply deals for fifth-generation 5G telecom services, approved by the government in September, make us among the most advanced in Europe on security, according to The Japan Times. We have no intention of taking part in trade accords that might harm our sovereignty as a state, he added. China has a predatory approach in trade and investment and represents a mutual threat to the two countries, Pompeo said during a joint news conference with Italian Foreign Minister Luigi Di Maio. ; When the Chinese Communist party shows up to make an investment to gain political power or threaten a nation's security, that's what needs to be protected against, he said. The special powers allow the government to impose conditions and requirements on the purchase of goods and services for 5G networks or deals between telecoms companies. The U.S. has expressed fears that it could contain security loopholes that allow China to spy on global communications traffic, and has been lobbying European countries to stay clear of it. Chinese telecom giant Huawei is considered the world leader in high-speed 5G equipment.
(news.financializer.com). As
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Tagged under trade investment, supply deals topics.