INFORMATION FROM THE ITALY

On October 27, 2015, the first visit was made to an Italian Head of Government, Mr. Matteo
Renzo. This visit is one of the most important things for relations between Colombia and Italy,
taking into account the Trade Agreement with the European Union. In addition, the Italian
Parliament ratified the Trade Agreement on October 5, 2015, an important step for the
consolidation of trade and investment relations between the two countries.

In 2015, Italy ranked as the fifth destination of Colombia's exports to the European Union,
representing 8.2% of the total sold to this block (USD 490.3 million) and, in turn, it was the fourth
supplier of our Goods in the European Union, representing 9.9% of the total imported (USD 823.6
million).

The products sold to Italy are very representative within the Colombian economy, concentrated in:
oil (25.7%), hullas (25.3%), bananas (24.2%), coffee (15.7%), and in smaller proportions hides and
skins (7.5%). For example, the main products compiled in Italy are: medicines (9.6%), machines
and devices to explain, level, pull (3.8%), machines and appliances for washing, cleaning or drying
(2, 5 %).

In 2014, the trade balance with Italy was USD 24.0 million, due to higher oil sales, in contrast to
the two previous years, when its amount was close to USD 500 million deficit. However, in 2015
the deficit was USD 296.2 million.

On the other hand, in terms of tourism, Italy will be ranked fourth in the European block number
of visitors to Colombia in 2014, representing 8.9% of the total number of visitors to the European
Union. The figures show that 28,154 tourists from Italy visit our country in 2014, with an increase
of 23.8% compared to 2013, and in 2015 we visited 33,364 Italian tourists.

Colombia is working to deepen its economic-commercial relations with Italy and with each of the
member states of the European Union. There are many potentialities that Colombia has to
conduct business and to invest.

GENERAL INFORMATION ON ITALY

Official name Italian Republic.

Capital Rome.
Major cities Rome, Milan, Naples, Turin, Palermo, Genoa, Bologna and Florence.
National day June 2nd
Year of declaration
1948
of independence
Geographical Aspects
Area 301,338 km²
Population 60.59 million.
Language Italian.
Roman Catholicism is the largest religion in the country and approximately
Religion
84% of Italians identify themselves as Roman Catholics.
 Other groups are: Eastern Orthodox Christians (1.2%), Greek Orthodox,
Evangelicals and Pentecostals, Jehovah's Witnesses, Valdesians, Seventh-day
Adventists, Mormons, Baptists, Lutherans and Methodists.
In Italy the form of government that has been ruling the nation for more than
60 years is the parliamentary republic with representative democracy, leaving
behind the monarchy exercised over the former kingdom of Italy and the
fascist dictatorship of Mussolini until the end of the Second World War.
Government
The government of Italy is characterized by having a president who in turn is
the prime minister; The head of state will be overseeing and enforcing the
constitution, in addition to acting as a moderator among the different
political tendencies that are discussed on the various topics.
Head of State and
Sergio Mattarella.
Government
Actual president Sergio Mattarella.
The UN, the EU, NATO, the OECD, the OSCE, the DAC, the WTO, the G-6, G7,
Belonging to G8, G10, G20, the Latin Union, the Council of Europe, the ASEM, the MEF,
others.
Economy
GDP 1.935 billion USD (2017)
IPC 1,084%
Inflation 0,99%
Unemployment
10.5% (Jan. 2019)
rate
Minimum salary 30.838€
Cereals (wheat, rice -first European producer-, corn), legumes, industrial
plants (sugar beet), vegetables (peppers, aubergines, tomatoes and onions)
and flowers. Special mention deserves the fruit growing (pears, peaches and
apples in Emilia, Veneto and Campania, citrus in Sicily), the olive tree (in
Farm products Liguria and the mezzogiorno), which generates the second world oil
production (435,300), and finally, the vine , whose cultivation places Italy at
the head of the world production of wines (68.6 million), internationally
recognized for its quality.

Italy has few natural resources, soil and climatic conditions are adverse for a
good development of agriculture.
It has very few mineral resources although there are some deposits of natural
gas, oil, lignite, sulfur and pyrite; Other deposits include zinc, mercury,
Natural resources manganese and bauxite. Many of these are found on the islands of Sicily and
Sardinia.
However, Italy is rich in several types of stone for construction, has high
quality marbles and fish of high commercial value in territorial waters.

Tourism, machines, iron and steel, chemical products, food processing,

Main industries textiles, motor vehicles, clothes, shoes, ceramics.
 In 2017, Italy exported $ 482 milliards

Italy's main exports are Packaged Drugs ($ 21.7 Billion), Cars ($ 18.5 Billion),
Oil Refining ($ 13.7 Billion), Spare Parts ($ 13.2 Billion) ) and Valves ($ 7.73
Exports
Billions)

In 2017, Italy imported $ 441 milliards.

Imports Its main imports are Cars ($ 31.2 Billion), Crude Oil ($ 24.8 Billion), Packaged
Drugs ($ 15.1 Billion), Oil Gas ($ 14.5 Billion) and Parts- Spare parts ($ 8.53
Billions).
Currency Euro

REFERENCES
Global rates. (s.f.). Global-raes.com. Obtained from https://es.global-rates.com/estadisticas-
economicas/inflacion/indice-de-precios-al-consumo/ipc/italia.aspx

Inflation. (s.f.). Inflation.eu worldwide inflation data. Obtained from https://es.inflation.eu/tasas-

de-inflacion/italia/inflacion-historica/ipc-inflacion-italia-2019.aspx

Salario minimo. (2019). salario minimo. Obtained from https://salariominimo.info/italia/

Spainexchange. (s.f.). Spainexchange country guide. Obtained from

https://www.studycountry.com/es/guia-paises/IT-religion.htm

The Observatory of Economy Complexity. (s.f.). The Observatory of Economy Complexity. Obtained
from https://atlas.media.mit.edu/es/profile/country/ita/

Uninet. (s.f.). Uninet.edu. Obtained from https://www.uninet.edu/neuroc99/italia.htm

Viajar a Italia. (s.f.). Viajaraitalia.com. Obtained from https://www.viajaraitalia.com/gobierno-de-

italia/

Wikipedia. (21 de marzo de 2019). Wikipedia. Obtained

fromhttps://es.wikipedia.org/wiki/Econom%C3%ADa_de_Italia#Actividades_agr%C3%ADc
olas_italianas

Wikipedia. (31 de Marzo de 2019). Wikipedia. Obtained from https://es.wikipedia.org/wiki/Italia