International Trade: Italian Market Insight Event

10:30 – Welcome and Introduction.

10:35 – Steven Sprague, President – The British Chamber of Commerce for Italy

Steven Sprague, President of the British Chamber of Commerce for Italy, business lawyer practicing in Italy for over 15 years and member of the International Committee of the Law Society of England and Wales, will give us an outline of doing business in Italy. His talk will cover issues such as:
the political relationships between Italy and the UK;
the trading relationship between Italy and the UK;
the business and trade sectors of mutual interest;
Brexit;
the Italian business landscape;
legal differences between the UK and Italy; and
social and cultural issues to be aware of when doing business in Italy.

11:15 – Massimo Donà, Chairman & CEO of SAIM SpA – began his work experience in Germany and USA in the sales depts of large industrial corporations (ZF, GM and Detroit Diesel), learning on the job in diverse international business environments.

Since 2005 he has been managing as Chairman & Ceo the SAIM S.p.A. family business, a mid-size international group of companies in Italy, UK, Germany, Norway and Switzerland.

11:30 – NorthEast Chamber – Q&A and close. Announcements.

Why attend?

Find out how your business can take advantage of the UK-Italy Export and Investment Partnership agreement as a means to enhance your EU business.

The UK and Italy are in the top 10 global economies, with a combined trade value of more than £43 billion, thus making Italy the UK’s 11th largest trading partner.

Over the past 5 years, Italy’s exports to the United Kingdom have increased at an annualized rate of 2.09%.

Key Stats:
1. The North East made exports of about £0.9bn (9.2% of total UK export) to Italy and imports were £0.5bn (2.4% of total UK import). This shows an opportunity to increase regional exports to Italy.
2. Italy is the 6th largest source of UK Foreign Direct Investment (FDI) with 60 FDI projects and over 2,500 jobs created for 2023-2024.
3. Key areas of trade:

Top UK exports to Italy were
Cars (£108M)
Crude Petroleum(£83.6M)
Gas Turbines(£56.1M)
Precious Metal Scraps(£25.5M)
Silver(£24.9M)
Aircrafts(£330.2M)
Financial Services(£1.7bn)

Top UK Imports from Italy were
Cars(£65.8M)
Packaged Medicaments(£65.1M)
Motor vehicles, parts and accessories(£56.4M)
Gas Turbines(£42.1M)
Beverages and Tobacco(£1.1bn)
Clothing(£1.2bn)
Travel(£4.5bn)

Opportunities Sectors:
Tourism and hospitality
Eco friendly initiatives
Digital Marketing
Technology startups

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