Italy

By:Caylee MatchetteLindsey Giesecke

Sarah Brenner

Italy

Background Information

Background Information• Italy is slightly larger than Arizona.• Almost 20% of Italy's population is over 65 years old.• unemployment rate is around 8.6%• Pinocchio , was written by an Italian• Over 75% of Italy is mountainous or hilly. • 98% of Italians are Roman Catholic. • National Sport football aka soccer• National Dish is pasta• Big landmarks: Leaning tower of Pisa & Rome Coliseum• Italy is the world's fifth largest industrial economy• Before adopting the euro, Italy's currency was known as the lira.

Importance in World Trade

Importance in World Trade

Italy’s Impact

Italy’s Impact

• EEA (European Economic Area)– January 1, 1994

• Allows the EEA EFTA States (Norway, Iceland and Liechtenstein) to participate in the Internal Market

• concerned with “the four freedoms" – freedom of movement of goods– persons– services– capital

• Also “flanking policies”– social policy– consumer protection– environment policy

Trade Agreements

• On January 1, 1995 Italy joined the WTO (World Trade Organization). – member-driven organization– deals with the rules of trade

between nations– implementing new trade

agreements– 153 members

• Member of the European Union. – EC (European Communities)

• All EU (European Union) member States are WTO members, as is the EU in its own right.

• The EU is a WTO member – making 28 WTO members

Trade Agreements

• Schengen Area• 25 European countries which

have abolished all border controls between each other– Signed November 1990– Implemented October 26 1997

• Not implemented or expressed interest– Cyprus– Switzerland– Bulgaria– Romania– Liechtenstein– Vatican City

Trade Agreements

• Major Exports:– Germany 13.1%– France 11.7%– Spain 7.3%– US 6.7%– UK 6.0%

• Machinery and transport equipment, textiles and clothing, chemicals

• Major Imports:– Germany 16.7%– France 9.2%– China 5.9%– Netherlands 5.5%– Belgium 4.2%

• Machinery and transport equipment, chemicals, energy products, minerals and metals

Trade Agreements

Retailing

Retailing

• Major Industries: – textiles– clothing– Footwear

• Major companies know world wide– Armani– Dolce & Gabbana– Fendi– Gucci– Versace

Companies

• Other Companies– 55dsl

• spin-off from Diesel• fusion of sport and urban culture• 18-30 age group• New York and Orange County

– Comvert s.r.l.• Based in Milan• Sporting and athletic goods

– Erreà• Based in San Polo di Torrile• Sporting and athletic goods• 1st; free from harmful chemicals

– Marni• Hippy chic• All around the world• Based in Italy

– Shy• Specializes in shoes and handbags• Founded in Venice (outsources)

Companies

Political and Economic Factors

Political and Economic Factors

Development in the Industry

Development in the Industry