The EU-Japan trade agreement will make it easier and cheaper for them to do so. Italy is part of the EU`s harmonised trading system and imports and exports fall under the EU customs and tax union. Labelling in Italian is generally necessary. It is advisable to confirm all packaging and labelling requirements with the local importer to ensure compliance with all local requirements. Austrade strongly recommends confirming them before the sale to Italy. Food information and labelling legislation must comply with EU legislation. For more information, see EUR- Lex Food Safety. Italy has a great commercial tradition. Deep in the Mediterranean, the country is positioned and strengthens its commercial potential not only with Eastern Europe, but also with North Africa and the Middle East.
In the past, Italy has had active relations with Eastern European countries, Libya and the Palestinian peoples. These ties were preserved even during periods of great political tension, such as during the Cold War and the Persian Gulf War in 1991. Membership of the EEC from 1957 further increased Italy`s trade potential, which led to rapid economic growth. However, from that date on, the economy was faced with an increasing trade deficit. Between 1985 and 1989, the United States was the only trading partner for which Italy had no deficit. Italy again posted a positive balance sheet in the mid-1990s. Trade with other EU Member States accounts for more than half of Italy`s transactions. Other important trading partners are the United States, Russia, China and members of the Organization of the Petroleum Exporting Countries (OPEC). 2.4 billion euros Value of Italy`s trade surplus with Japan. CE marking is a mandatory compliance marking for certain products sold in the European Economic Area (EEA). > quick help to download > full help to Online Documents More Trade creates more Australian jobs and offers more opportunities for Australian businesses. Learn how to take advantage of free trade agreements.
Read more… Japan is Italy`s sixth largest trading partner outside the EU. Italy and Japan already have close trade relations. The EU-Japan trade agreement will give it a big boost. Tariffs and tariffs are constantly revised and can be changed without notice. The main imports into Italy are metals and machinery, mainly from Germany, France, the United States and the United Kingdom. Imports of chemicals, vehicles and minerals are also important raw materials. Italy is a major importer of energy, importing much of its oil supply from North Africa and the Middle East. After the Second World War, membership of the EEC was the most advantageous economic factor in Italian trade.
The subsequent accession of Greece, Spain and Portugal to the EEC has led to fierce competition for Mediterranean agricultural products, particularly fruit, wine and table oil.