19 May, 2025
Italy is becoming a major player on the world stage, using its advantageous location to fortify its position as a transatlantic link between the US and the EU. This high-level discussion took place during the beginning of Pope Leo XIV's pontificate, underscoring Italy's pivotal role at a period of profound change characterized by technical upheaval, energy transition, and geopolitical struggle.
Economically, Italy holds enormous potential to act as a key link in the US-EU partnership. Unimpresa points out that small and medium-sized enterprises (SMEs), which form the backbone of Italy’s economy, can significantly benefit from expanded market access, increased foreign investments, and pro-growth economic reforms. For Italy to fully capitalize on this strategic advantage, it must modernize its industrial base, reduce bureaucratic and tax burdens, improve credit access, and upgrade physical and digital infrastructures.
Trade figures back this potential. In 2023, bilateral trade between Italy and the US reached €92 billion, with a €34 billion surplus in Italy’s favor. U.S. investments in Italy exceed €34 billion, employing over 140,000 people, especially in advanced manufacturing. Additionally, Italy’s exports are highly integrated globally—over 20% of value-added stems from imported inputs—making resilient supply chains essential.
As the U.S. and EU pour hundreds of billions into green industrial policies, Italy must speed up the implementation of its €191 billion National Recovery and Resilience Plan (PNRR), currently underutilized. With bold reforms, clear vision, and a business-focused strategy, Italy can become a cornerstone of innovation, sustainability, and economic cooperation across the Atlantic—shaping a more resilient and inclusive future.
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