The Rome summit strengthens Italy’s role at the heart of transatlantic dialogue: a political responsibility and a chance for industrial revival
A powerful summit: Italy in the middle of global talks
The recent trilateral summit held in Rome between Giorgia Meloni, J.D. Vance, and Ursula von der Leyen marked a turning point in international geopolitics. Coinciding with the start of Pope Leo XIV’s pontificate, the meeting highlighted Italy’s importance as a transatlantic bridge. At a time shaped by war, energy transition, technological disruption, and geopolitical competition, Italy is taking center stage. This role is not just symbolic—it’s a unique chance to grow and lead.
Italy’s economic potential as a strategic link
According to Unimpresa, Italy has the potential to turn its strategic location into tangible benefits. Its productive fabric, mainly composed of small and medium-sized enterprises (SMEs), could benefit from:
- new market access
- greater foreign investment
- more favorable economic policies
However, to truly capitalize on this opportunity, Italy must:
- strengthen its industrial system
- reduce the tax burden
- ease access to credit
- upgrade physical and digital infrastructures
Only then can Italy become a real platform for economic cooperation between the US and the EU.
Trade and investment: the numbers of a strong relationship
The numbers are significant. In 2023, Italy-US trade reached €92 billion, with a surplus of over €34 billion for Italy. Notably:
- In advanced manufacturing, Italian exports to the US grew by 12% year-over-year.
- US direct investment in Italy exceeds €34 billion.
- Over 140,000 people are employed in US-capital companies in Italy.
These figures confirm that transatlantic economic cooperation is already underway—but it can go further.
A stronger value chain through transatlantic partnership
One key benefit of a reinforced US-EU axis with Italy at its core is the development of more resilient supply chains. Currently, more than 20% of the value added in Italian exports comes from imported inputs, showing strong global interdependence.
A closer partnership with the US would allow Italy to:
- reduce dependence on third countries
- integrate European manufacturing with American innovation
- build stronger, more reliable industrial alliances
Tapping into green industrial investment plans
In the field of energy transition and sustainable manufacturing, both the US and EU are making unprecedented investments:
- USA: Inflation Reduction Act with over $370 billion
- EU: Green Deal Industrial Plan and Net-Zero Industry Act for €225 billion
To benefit from this momentum, Italy must accelerate the implementation of its National Recovery and Resilience Plan (PNRR), which currently shows a spending rate below 40% of available resources.
Vision, reform, and action needed
Italy has a rare opportunity to be a hub of dialogue, innovation, and economic development. But to fully seize it, we need:
- clear political vision
- concrete economic strategy
- active listening to the needs of businesses and regions
As Giovanna Ferrara, president of Unimpresa, emphasizes: diplomacy alone is not enough. We need an economy that generates employment, inclusion, and stability.
10 FAQs
1. Why is Italy seen as a bridge between the US and the EU?
Because of its geopolitical position and ability to engage both sides of the Atlantic.
2. What are the economic benefits for Italy?
Market expansion, foreign investment, and reduced regulatory barriers.
3. What does Unimpresa ask of the Italian government?
To strengthen industry, lower taxes, improve infrastructure, and ease credit access.
4. Which sectors are most involved?
Advanced manufacturing, green economy, and digital innovation.
5. Is Italy already integrated into the US market?
Yes, with €92 billion in trade and 140,000 workers in US-owned companies.
6. What role does the PNRR play?
It provides funding and reforms to boost Italy’s competitiveness and attractiveness.
7. What is the Green Deal Industrial Plan?
A €225 billion EU plan to support green transition and zero-emissions industry.
8. How does the US Inflation Reduction Act impact Italy?
It offers $370 billion in funding, creating synergy opportunities for Italy.
9. What kind of cooperation is expected between Italy and the US?
Economic and political, aimed at boosting industrial and energy partnerships.
10. Is Italy ready to lead this new economic axis?
Only if it embraces reforms, innovation, and inclusive growth.
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