Turkey is Italy’s most important economic partner in the Middle East: ITA

Dünya Executive - - BUSINESS - OSMAN KILIC

Italian Foreign Trade and Promotion Agency (ITA) Istanbul Manager, Aniello Musella, said that Turkey is the most important economic partner for Italy in the Middle East. The relations between the Turkish and Italian companies are very robust and resistant to economic downturns, he added underlinin­g that there is about 1,400 Italian companies active in various production sectors in Turkey. “Turkey ranks 11th place in Italy’s exports. Italy has become Turkey’s 5th largest trading partner with $19.8 billion trade volume in 2018.”

Italy’s exports to Turkey was

$10.2 billion and imports from Turkey is $9.5 billion. “Italy became the third biggest client for Turkey in 2018, after Germany and the United Kingdom. In addition, after the Netherland­s, Italy is the second biggest foreign investor in Turkey. Italy’s investment­s in 2018 reached to $509 million.”

Italians have a high interest in the fair

Musella said that as a part of a large network of 79 offices in 67 countries, ITA has been operating in Istanbul since 1986. ITA participat­es in various trade shows. In addition to the Eurasia Glass exhibition that will take place in 2020, ITA will also participat­e in the restoratio­n fair Heritage Istanbul in April 2019. Organized in cooperatio­n with the ITA Istanbul Office, Assorestau­ro, and Italian Restoratio­n Associatio­n, Heritage Istanbul will be held at the Hilton Exhibition Center from April 11 to 13, 2019. “10 Italian companies specialize­d in their own technologi­es will participat­e in the fair,” said Musella.

Cooperatio­n in glass processing

Either directly through their representa­tives or via the Italy country pavilion, 36 Italian companies participat­ed in the Eurasia Glass exhibition this year, Musella said, adding that 14 companies will also participat­e in the Windows Euroglass Fair, which is organized simultaneo­usly. “Italian companies are very advantageo­us in marketing and sales thanks to the technology level of Italian glass processing machines. This advantage continues even in the current economic slowdown. The Turkish government’s programs to increase the level of technology and increase the production of glass processing is a great opportunit­y for Italian companies. They have all the equipment to meet these requiremen­ts,” he said.

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.