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Economy and Trade

 

Economy and Trade

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June 4, 2018 – Lamborghini on display during the celebrations for Italy’s Republic Day at the Embassy of Italy

 

Economy and Trade are fundamental pillars in the relations between Italy and United States. The U.S. is the country with which historically Italy has the greatest commercial surplus. Main areas of our exports in the U.S. are mechanical machineries, transports, fashion and agro-fooditalian imports from the U.S. are mainly focused on pharmaceuticals and chemicals products, energy products (coal and oil derivatives) and aircrafts.

U.S. investments in Italy are focused on manufacturing industry (in particular chemical, mechanical, computer and electronics), in the service sector, primarily in the banking, financial, and insurance field, telecommunications and information technology, and. Italian investments in the U.S. are focused on the retail sector (textiles/clothing), mechanical engineering, automotive, logistics, and aerospace.

The prospect of a possible agreement between the USA and the EU for greater integration of their respective markets is an issue of crucial importance. The TTIP (Transatlantic Trade and Investment Partnership) negotiations are at the moment frozen. The Trump Administration is, actually, conducting a comprehensive "review" of American commercial policy. There are, however, encouraging signals of a possible resumption of the dialogue between Washington and Brussels.

The Economic and Commercial office of the Embassy of Italy in Washington promotes economic activities in the US, with the goal of increasing trade, investments and technological cooperation between the two Countries. The embassy works in coordination with other agencies as the Italian Trade & Investment Agency, the Bank of Italy, the Italian National Agency for Tourism, the Ministry of Defense, the World Bank, the International Monetary Fund, the Inter-American Development Bank, and the Italian industries.


Doing Business in the U.S.

If you are an Italian company and wish to get information on doing business in the U.S., we suggest you start from the “Info Mercati Esteri” website (in Italian only). Click on the following links to learn more on:

For more on the U.S. Federal and State laws that an Italian investor needs to be aware of before establishing a business in the U.S., on legal and fiscal requirements, employment regulations, investment rules, incentives offered by several State administrations, and other useful resources information, you can also explore:

For requests of assistance to the economic and commercial section, please click here.

Doing Business in Italy

If you wish to do business in Italy, you can check out:

Agreements on fiscal issues


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