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Economy and Business

 

Economy and Business

Economy and Trade are fundamental pillars in the relations between Italy and United States. Commercially speaking, USA 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-food. Italy’s import of U.S. products is mainly focused on pharmaceuticals and chemicals products, energy products (coal and refined of oil) and aircraft.

U.S. investments in Italy are focused on manufacturing industry (in particular chemical, mechanical, computer and electronics), in the service sector, primarily in the financial/insurance field, telecommunications and information technology, and banking. 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 a key issue of crucial importance. The TTIP (Transatlantic Trade and Investment Partnership) negotiations are in fact 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.


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