UK and Italy hope to boost exports

UK and Italy hope to boost exports
Image: Pixabay

UK and Italy hope to boost exports and investment.

Italy is the world’s eighth-largest economy. It is hoped the boosting trade between the UK and Italy could be advantageous for both countries. Trade between the countries was worth a staggering £38bn last year.

Discussions regarding a new export and investment partnership between the UK and Italy have begun, it is hoped that the discussions will be productive.


Anne-Marie Trevelyan announced the new discussions at her first international summit since taking on the role of International Trade Secretary.

According to the government: “The dialogue is intended to boost exports for companies in both countries including in high-performing sectors like life sciences, defence and security, as well as growth sectors of the future such as digital and tech.

“It will also promote inward investment, including in low-carbon industries such as onshore and offshore wind, hydrogen, and carbon capture storage, plus the food and drink industry and tech sector – where UK’s research and development strengths can help support Italian scale-ups.”

Trevelyan commented: “Enhancing our bilateral relationship with Italy is a win-win, which will boost export opportunities and investment promotion for our businesses.

“Italy is our ninth-largest trading partner, while the UK is Italy’s fifth-largest export market – I am delighted we are kicking off this discussion.

“The UK and Italy are also working side-by-side to deliver a successful COP26 Summit. The next 18 months are critical for our planet and together we will lead by example to accelerate progress towards a green, resilient and inclusive recovery.”

Thank you for taking the time to read this article, do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

Alex Glenn is a reporter for Spain’s largest English-speaking newspaper, Euro Weekly News. Formerly she worked in the NHS for 15 years until relocating to Spain in 2018. She loves the Spanish lifestyle, language and culture and spent several years learning Spanish before moving to Spain for a better quality of life. She has made her home in the mountains in Almeria, where she loves being part of a rural community that has a mix of both expats and Spanish residents. In her spare time, she enjoys hiking, reading and exploring the area where she lives.


Please enter your comment!
Please enter your name here