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Minister Tajani chairs Working Group on Export and Economic Diplomacy

Yesterday at the Farnesina, Italy’s Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani, chaired a meeting aimed at investigating – together with export partners (CdP, ICE, SACE, and SIMEST) economists and experts – ways and strategies to strengthen Italian exports.

This latest operational meeting of the Working Group, created at the beginning of the mandate, focused in particular on exports to Germany, given that the German market is the main international destination for Italian products.

During the meeting, two studies carried out by Cassa Depositi e Presiti with SACE and Prometeia, respectively, were examined. Representatives of some of the most prominent trade associations in the field of Italian exports to Germany and to markets with the greatest potential for development also took the floor.

“Our goal”, said Minister Tajani, “is to strengthen strategic and innovative lines to support our exporting companies, and help defend, win back, or acquire new shares in foreign markets, in an economic context characterised by many challenges, such as those resulting from the crises in Ukraine and the Middle East, the instability of the Middle East region, high interest rates, and the ecological and digital transformation that our economies are called upon to undergo”.

“Among these challenges”, continued Tajani, “we must also consider the transformations taking place in the German economy, which have an immediate impact on Italian exports. The two countries’ economies are in fact highly interdependent and integrated, with thousands of companies operating within the same production chains”.

“With an interchange that exceeded EUR 168 billion in 2022, Germany is Italy’s number one trading partner, number one supplier at global level and number one destination market for Italian exports. There is a lot of Made in Italy ‘hidden’ in German exports”, concluded Tajani, “a lot of Italian added value in Made in Germany, which must be protected”.

The Minister also mentioned that the Government’s action aims to cover all foreign markets, with particular reference to industrial sectors linked to the green transition and digital revolution processes. In this sense, it will be necessary to focus even more decisively on markets such as the United States, India, Vietnam, the United Arab Emirates, and Brazil, where Italian products are already strong but where there is still ample growth potential for Italian exports.

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