Canadian markets' chance to impress Florentine companies

FLORENCE - A meeting solely reserved for companies has been organized by Centro Studi Italia Canada and CNA Firenze Metropolitana, under the patronage of the Municipality of Florence.

 It will take place on June 12 at Palazzo Strozzi (Gabinetto Vieusseux - Sala Ferri, 9.30 a.m to 1.00 p.m.) and is entitled "Canada-EU Economic Agreement: Business Opportunities for Italian Enterprises."

 The seminar promoted will present to businesses the advantages in terms of economic growth and competitiveness of the agreement concluded between the EU and Canada which came into force on 21 Sept, last year.

 Five months after the implementation of CETA (Oct 2017-Feb 2018), the ICE Office of Toronto has elaborated upon the initial data related to the economic-commercial relations between Italy and Canada, highlighting the positive impact that the new measures have had for the Italian economy (Italy is today the 8th world supplier in Canada and the 12th destination market for Canadian products).

 Imports and exports between Canada and Italy recorded a positive trend in market trends: +12.8% of Italian exports to Canada, $3.430 million CAD, compared to the same period of the previous year, $3.039 million CAD, although the growth of Italian imports from Canada appears slower, +2.5%, equal to $1.107 million CAD, compared to the previous year, $1.080 million CAD.

 In addition, the data show that the sectors that have benefited most from the almost total liberalization of the market are machinery (+8%), the agri-food sector (+15%) and means of transport (+15%). For example, in the agrifood sector, Italy has achieved an excellent position: 4th world supplier and 1st European supplier in Canada, with a total value of $581 million CAD in the period analyzed by ICE-Agenzia.

 Participants in the meeting will be: Giacomo Cioni, President, CNA Florence; Paolo Quattrocchi, Director of Italy-Canada Study Center; Arturo Galansino, Director General of the Palazzo Strozzi Foundation; Jan Scazighino, Minister Counselor Economic Reports, Embassy of Canada in Italy; Luca De Carli, Deputy Head of Unit, European Commission, DG TRADE; Marianna Simeone, Delegate of Québec in Italy; Lucia Baldino, Director of Europe, Desjardins; Fabrizio Toti, Area Manager, JAS and Noemi Trombetti, Inspection Trading Auditing - ITA Corporation.

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