Arab Today, arab today italy eager to lessen inward fdi gap with key eu competitors
Last Updated : GMT 09:31:23
Arab Today, arab today
Arab Today, arab today

Italy eager to lessen inward FDI gap with key EU competitors

Arab Today, arab today

Arab Today, arab today Italy eager to lessen inward FDI gap with key EU competitors

Italy eager to lessen inward FDI gap with key EU competitors
Roma - XINHUA

Italy is eager to increase the flows of inward foreign direct investments (FDI), and close the gap with key European competitors in 2016, a top trade official with the Italian Trade Agency (ITA) told Xinhua.

"One of our main tasks is to inject more liquidity into our country's system (to stimulate growth)," Andrea Napoletano, director of the foreign investment department with ITA, said in a recent interview.

According to an analysis over a 10-year period, Italy suffered a structural disparity in inward FDI flows with other major economies in Europe worth approximately 20 billion U.S. dollars (18.2 billion euros), the official said.

"Our major goal in 2016 will be to realign Italy's investment flows to the average of our direct competitors in the European Union (EU), namely France and Spain," the official said.

"That would mean filling that 20 billion gap," Napoletano explained.

Italy has long underperformed in its FDI attraction compared to its European neighbors, also considering that it is the EU's fourth largest economy, and the third largest in the eurozone.

The government, and the ministry of economic development presiding over ITA, strengthened their efforts to reverse course over the last two years, and redesigned the country's FDI attraction policy and governance.

The foreign investment department was set up within ITA to better promote investment opportunities, support foreign companies interested in starting new businesses here, and tutor them through the life cycle of their investment in the country.

FDI stocks to Italy rose to 373.7 billion dollars in 2014 from 360.9 billions in 2013, according to the latest World Investment Report (WIR) by the United Nations Conference on Trade and Development (UNCTAD).

FDI inflows halved in the same period, however, dropping to 11.4 billion dollars in 2014 from 25 billion dollars in 2013.

The United Kingdom, Germany, France, and Spain all attracted more investments by far.

Yet, Italy and the UK were the only two countries among major EU partners to post an increase in inward FDI stocks in 2014 of 3.6 percent and 1.7 percent, respectively, UNCTAD data showed.

International surveys also confirmed the country was more attractive to foreign investors, according to ITA.

Indeed, Italy ranked 12th in the Foreign Direct Investment Confidence Index 2015, up from 20th place in 2014.

It also performed better than a benchmark country like Germany in the World Bank's latest Doing Business ranking, in terms of how easy it is to start a business in the country (Italy came in 50th to Germany's 107th place).

Finally, results in terms of gross domestic product (GDP) ratio would show a recovery, according to Napoletano.

He explained that "FDI stocks to Italy reached 17.4 percent of GDP in 2014, almost equal to the 17.7 percent registered in 2007," which was before the financial crisis and the consequent sharp decrease in global investments.

"That was for us the best result since the global crisis hit, except for the year 2012," he stressed.

Still, the average FDI/GDP ratio in Western Europe remained much higher: it was at 37.9 percent in the eurozone in 2014; 51.3 percent in Spain, and 25.6 percent in France.

ITA expected good figures for 2015, although no official data were yet available in order to confirm whether pre-crisis levels might be exceeded.

In a further effort to address foreign investors more aggressively, meanwhile, 10 desks focused on FDI were being set up around the world, to work in synergy with ITA local offices and Italian embassies.

"The first opened in Istanbul in late 2015, and a second is going to be ready in Tokyo soon," Napoletano explained.

Other desks will open in Shanghai, Singapore, Dubai, London, Paris, New York, San Francisco, and possibly Sao Paulo, the official added.

Such a network is to be completed by the end of 2016.

"All desks will be run by professionals with a background in business banking or strategic consulting, in order to facilitate the dialogue with potential investors," he explained.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy eager to lessen inward fdi gap with key eu competitors Arab Today, arab today italy eager to lessen inward fdi gap with key eu competitors

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday