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Economy and Trade

 

Economy and Trade

dallara

June 2, 2015 - Indy500 prototype made by the Italian company Dallara on show (with the ItalyinUS.org logo) at the Italian Republic Day at our Embassy.

 

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.

Significant increases could be added by the Transatlantic Trade and Investment Partnership (TTIP) whose negotiations between the European Union and the U.S. started in the second half of 2013. This agreement, which parties hope to keep ambitious and comprehensive, could progressively reduce residual tariff barriers, solve non-tariffs issues and set common standards and regulations, especially regarding to new technologies fields, as well as regarding to investments, services and intellectual property.

 

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:

Doing Business in Italy

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

 

Agreements on fiscal issues

 


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