Th e Ita lia n Tra d e Co m m is s io n Ch ic a g o Bart PascoliProject Coordinator Machines Italia N.A.
Italy in Figures• Italy is the size of the State of Arizona;• Italy has 60.6 million inhabitants compared to other U.S. trading partners such as Germany (81.8 million) and Japan (128 million);• Italy is a Top Five exporter of capital goods to the U.S.;• Italy is a Top 10 exporter to the world (more than the United Kingdom). In 2011, it exported $$524.9 billion.• With even a smaller population, comparatively speaking in terms of scale, it’s production to population ratio could be viewed as EVEN MORE than mainland China (1.3 billion or 1/5 of the world’s population)!
What is the Italian Trade Commission?• The Italian Trade Commission, is the official trade development and promotional agency of the Italian Government. It is headquartered in Rome and maintains a network of 117 branch offices in more than 87 countries throughout the world.• Founded in 1926, the Italian Institute for Foreign Trade, or Italian Trade Commission as it became known in English speaking countries, has the general mandate to promote, assist and develop Italys international trade, with particular regard to small and medium enterprises.The Trade Commissions most important institutional functions are: – the continuous study of international markets and challenges related to the internationalization of Italian enterprises; – providing assistance to Italian companies in entering international markets; – the promotion of Italian products abroad and development of economic cooperation; – providing for professional training in international trade for Italians and foreigners.In the United States, the Italian Trade Commission presently maintains offices in New York, Los Angeles, Chicago, Atlanta and Miami.
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Flow of Good Between Italy and Illinois 2010 2011 Var% 2010 2011 Var% Imports from Italy 1,797 2,058 14.52% Imports from Italy 1,797 2,058 14.52% Exports to Italy Exports to Italy 383 534 39.43% 383 534 39.43% Difference Difference -1414 -1524 -1414 -1524Data: U.S. Customs District of ChicagoAnalysis: Italian Trade Commission Chicago
Italy Exports to IllinoisSource: US Department of Commerce (In millions of USD)
Italy’s Commitment To The US Direct Investment Direct Investment $9.7 Billion $9.7 Billion General General Employment Employment 115,000 115,000 FDI Growth FDI Growth 5% Annual 2005-2010 5% Annual 2005-2010Source: Bureau of Economic Analysis 2010
Italian Companies Which Call Illinois Home Italian Head US Subsidiary Sector City Company Barilla America, Inc. Food Products Barilla SpA Bannockburn Case New Holland Case New Holland Farm Machinery Burr Ridge (Fiat) PTD Machine Tools Dormer Tools SpA Crystal Lake Buzzi Unicem USA Construction Materials Buzzi Unicem SpA OglesbyFinn-Power International Machine Tools Prima Industrie Arlington Heights IMTA & Ingersoll Machine Tools Camozzi Group Rockford Building Chemical Mapei International Mapei SpA West Chicago Products Carlo Gavazzi, Inc. Industrial Automation Carlo Gavazzi SpA Buffalo Grove Rana USA Food Products Pastificio Rana Bartlett SMW Autoblock Corp.. Machine Tools Autoblock SpA Wheeling Ansaldo STS USA Engineering Services Ansaldo STS SpA Glenview S.A. Healy Company Construction Impregilo Lombard Casappa Corp. Fluid Power Casappa SpA Batavia Electronics /Tamini Transformers USA Tamini Trasformatori Oak Brook Transformers CCVI Bearing Co. Bearings CCVI Italy Mundelein NUM Corp. CNC Electronics NUM Spa Naperville Bolzoni Auramo, Inc. Lift Truck Attachments Bolzoni SpA Homewood
Upcoming Opportunities• EMO Milano 2015, Milan Italy, is held every six years and is the largest trade show for core machinery. Currently the home page has 2009 data on the previous edition, which can be found here:• http://www.emo-milano.com/eng/home.cfm?id=340• TPA ITALIA, a professional exhibition dedicated to hydraulics, pneumatics and mechanical power transmissions and drive technology, will make its debut in May 2014 at fieramilano (Rho).• Other and upcoming trade shows and events can be found at the trade show venue, Fiera Milano via its web site:• http://www.fieramilano.it/en• Active participation at the 2015 World Expo in Milan will provide numerous opportunities to foreign investors and companies, looking to gain exposure within the Italian market. More information can be found at http://en.expo2015.org/.
Inward Investment• Opportunitiesproviding information The city of Milan has its “Invest in Milan” program and opportunities for foreign companies looking to enter the local market. Invest in Milan is a free service of the Milan Chamber of Commerce – Promos responsible for attracting foreign direct investments to Milan and Lombardy. Invest in Milan also promotes an increase in business tourism and helps attract excellent human resources through high-level international scientific and cultural projects. Their web site is:• http://www.investinmilan.com/• The Milan Chamber of Commerce as well as a section in English on how to start or open a business in the local market. Information can be found on these matters at:• http://www.mi.camcom.it/web/guest/how-to-start-a-business
WWW.INVITALIA.IT The national government’s program, Invitalia, via its web site keeps aconstant list of upcoming industries for opportunities for foreign companies and investors looking to enter into the Italian marketplace.
Active participation at the 2015 World Expo in Milan will provide numerous opportunities to foreign investors and companies, looking to gain exposure within the Italian market. More information can be found at http://en.expo2015.org