Submitted by: Submitted by malaysia1911
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Words: 1354
Pages: 6
Category: Business and Industry
Date Submitted: 09/14/2013 10:20 PM
Part I. COUNTRY BACKGROUND:
Name of the country: Italy (full name: Italian Republic)
Neighboring countries: France, Switzerland, Austria and Slovenia along the Alps.
Capital: Rome
Territorial size of the country: 301,338 sq km (116,346 sq miles)
Population: 60.8 million (UN, 2011)
Political System: Republic
President: Giorgio Napolitano (Democrats of the Left)
Prime Minister: Mario Monti
Political Party: People of Liberty, Democratic Party, Northern League, Future and Liberty, Italy of Values, Union of the Center, Movement for Autonomy.
Form of Law:civil law system; judicial review under certain conditions in Constitutional Court
Economic System:
GNI (current LCU):1,528,056,475,794(World Bank, 2010)
GNI per capita: US $35,150 (World Bank, 2010)
Major Natural Resources: Fish and natural gas.
Agriculture:wheat, rice, grapes, olives, citrus fruits, potatoes, sugar beets, soybeans, beef, and dairy products.
Industry: tourism, machinery, iron and steel, chemicals, food processing, textiles, motor vehicles, clothing, footwear, ceramics.
Main exports: $508.9 billion (2011 est.)Commodities:engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals; food, beverages and tobacco; minerals, and nonferrous metals. Partners:Germany 13.2%, France 11.7%, Spain 5.9%, US 5.8%, UK 5.4%, Switzerland 4.6% (2010)
Imports:$541.2 billion (2011 est.)Commodities:engineering products, chemicals, transport equipment, energy products, minerals, nonferrous metals, textiles and clothing; food, beverages, and tobacco.Partners:Germany 16.2%, France 8.5%, China 7.9%, Netherlands 5.4%, Spain 4.5% (2010)
Economic integration organizations: NATO, UN, WTO, etc.
Currency: Euro (EUR)
Freely Traded: Yes
Part II. BUSINESS PROPOSITION:
U.S. firms have an excellent opportunity to export Information Technology products to Italy because of the growing IT infrastructure, the increase in IT investment by SME’s, and the presence...