The ‘Doing Business in Italy Guide’ is now officially live and can be accessed via: www.Italy.DoingBusinessGuide.co.uk.
The main objective of the Doing Business in Italy Guide is to provide you with basic knowledge about Italy; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues. We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point. Further assistance is available from the Department for International Trade (DIT) team in Italy. Full contact details are available in this guide.
To help your business succeed in Italy we have carefully selected a variety of essential service providers as ‘Market Experts’; Arup, AST Language Services, Babino, Falcone & Falcone Avvocati Associati, Bibby Financial Services, Companies in Europe Ltd (Italia), Jaguar Land Rover Italia, and The British School of Milan.
The guide has been produced by International Market Advisor, in partnership with the Institute of Export, and with support from UK Export Finance.
Anyone interested in trading with Italy can now visit the website; download a PDF or e-Flipbook version; download an app (from both the Apple App Store and Google Play Store); or request full colour, hard-copy brochures (by emailing us).
Five things to know about exporting to Italy:
- Italy’s economy is now emerging from recession. Estimates by the European Commission, Bank of Italy, International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD) indicate an increase in GDP of 1.1 to 1.4% in 2016
- One third of the world’s luxury items are made in Italy. This fashion and textile sector has an estimated value of EUR 52.5 billion (2014), and one of the highest purchase rates of fashion items in the world. British fashion brands often consider Italy as a gateway to other foreign markets.
- Italy is the global leader in the production of super yachts with 40% of global orders. Italy’s shipbuilding industry includes many other sub-sectors which offer good opportunities for UK suppliers.
- The Italian aerospace industry is the third largest in Europe and the seventh worldwide. The sector has a turnover of EUR 13 billion, exports worth EUR 7 billion, and over 100 hundred companies with 64,000 direct and indirect employees.
- The Italian National Health System (SSN) is going through an in-depth reform and modernisation process. There are opportunities for UK companies in innovative equipment and medical devices, diagnostic (portable) equipment and kits, innovative daily life-aids for elderly and disabled, e-care and e-health devices, food supplements and dietary foods.
Visit this link for more information on our Doing Business Guides.
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If you would like more information on the IOE’s membership, training and qualifications, please visit our website or contact us if you have any questions.
The IOE is hosting an inaugural World Trade Summit on October 5th aimed at businesses in the South West who are working in international trade.
The IOE is hosting an exclusive World Trade Summit 2016 entitled The Commonwealth & Beyond on October 12th, which includes a powerful line up of industry specialist and experts including keynote speaker Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council – and former government Trade Envoy.
Article: by Arne Mielken BA(Hons) MA MIEx (Grad), IOE Young President
TARIC is an odd word. Google provides two equally unappealing choices. It is either the “Toronto and Region Islamic Congregation” or the “Tarif Intégré de la Communauté” (French: Integrated Tariff of the [European] Community). And this being Europe, and Europe being complicated, it is clearly the latter. Since the word “Community” is being replaced by “Union” (see UCC – Union Customs Code) soon this may change to TARIU – rest assured, there are no synonyms for this one (yet)!
TARIC is complex – like anything in the EU, TARIC is mysterious – there are so many hidden secrets for you to discover and there are moments where you may wonder what is going on! TARIC will challenge you and make your brain work. And it is still only a database! Yet one of the most complex and important I have ever seen.
Celebrating success; the winner and finalists of the most recent Open to Export Action Plan competition.
The countdown is underway to the October 14th deadline for SMEs to enter the next Open to Export Action Plan competition.
The competition has been created to support small UK-based businesses with fewer than 50 employees who are new to exporting.
With a chance to win £3000 in cash to ‘go global’, those who make the final will have the opportunity to pitch their export plans to a panel of judges at Going Global Live on 17th November 2016 at Olympia, London – and gain great brand awareness around the event!
By Mike Josypenko, IOE Director of Special Projects
The announcement, on 31st August, that Hanjin Shipping, one of the world’s largest container shipping lines, had filed for receivership in South Korea is set to make waves in the world of international trade. In the short term, the consequences of this decision are likely to cause delays, uncertainty and additional costs for numerous shippers and importers, at a critical business period; however, the longer term implications may also be significant.
The UK’s exit from the European Union, which could now be delayed until at least late 2019, will almost certainly see the need for new trade and compliance procedures – some of which the IOE will be able to influence.
Why RS Components is putting compliance at the top of its agenda Charlie Jenkinson, VP Operational Excellence, RS Components – IOE Corporate Member
There are numerous trade, product and transport laws and regulations that companies must observe when doing business both locally and internationally. Did you know, for example, that it is illegal to export dual-use goods – commercially available goods that could be used for military purposes – to certain countries without a licence? Or that some electronic devices cannot be sold if they use a material that has been deemed hazardous?
Shaping the future: an insight into IOE members’ survey responses.
The Institute of Export is inviting businesses involved in international trade to take part in an IOE Brexit survey and have their say on what they want to see in the UK’s exit strategy.