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Diplomacy for growth: Foreign demand crucial for the recovery, says Terzi

“Foreign demand is crucial for the economic recovery”.  This was Foreign Minister Giulio Terzi’s comment at a conference in Milan organised by Assolombarda Promos–Milan Chamber of Commerce in collaboration with the Ministry of Foreign Affairs. The event was part of the MFA’s “diplomacy for growth” initiatives. “Exports make up 30% of GDP”, the Minister underscored, “and are its most dynamic element: as the growth rates confirm”.

Supporting enterprise and the new way of doing business
“Against this background”, said Terzi, “supporting business is an integral – and key – part of diplomacy. The feedback I constantly receive from business people confirms that the great majority of our diplomats have adopted this new mindset. Given that the structure of the markets has changed, the relationships between the institutions and the business community must change too”, added Terzi. “I have asked our embassies to develop their economic intelligence activities so that they can report business opportunities in good time”.

Terzi then expressed his appreciation of Lombardy’s enterprises, which are “a key element of Italy’s global presence. […] 60% of Lombardy’s businesses operate in the international markets and each, on average, exports to at least 14 countries. You have a unique ability to bring together innovation, skilled jobs and internationalisation”
Libyan delegation attends the conference

A Libyan delegation also attended the conference. Terzi said he was “pleased to see such interest, in the framework of a priority relationship and partnership with Italy. We are doing everything possible to encourage trade”, added Terzi. The Minister will also be attending the Italian-Libyan Business Forum in Milan, with Libya’s Deputy Minister for Planning.

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