OVERVIEW OF THE ITALIAN TRADE AGENCY S PROGRAMS FOR ITALIAN ADVANCED MANUFACTURERS IN THE USA
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1 OVERVIEW OF THE ITALIAN TRADE AGENCY S PROGRAMS FOR ITALIAN ADVANCED MANUFACTURERS IN THE USA Washington, DC November 29th, 2017 Italian Embassy Marco Saladini Trade Commissioner Italian Trade Agency Chicago 1
2 1. WHY THE USA? 2
3 1.1 USA MANUFACTURING FORECAST By 2020 the USA will surpass China as the world s leading manufacturing economy Source: Deloitte Renewed focus on automation, technological innovation and talent development Consolidation of efficient energy policies Investments in critical infrastructure SECTORS TO EXPERIENCE MAJOR INCREASES IN PRODUCTIVITY THROUGH 2020 Aerospace MAIN FACTORS FOR THE INCREASE IN US PRODUCTIVITY: Chemical The relaunching of Made in USA Industrial Machinery Source: Manufacturers Alliance for Productivity and Innovation 3
4 1.2 USA IMPORTS OF FLEXIBLE MFG PRODUCT IN 2016 TOTAL 2016 USA IMPORTS 10.6 billion Usd, of which 0.4 from Italy, i.e. 3% of total imports, ranking 10th supplying country CAGR % Source: IHS - Markit based on US Department of Commerce, Bureau of Census data. 4
5 1.3 USA EXPORTS OF FLEXIBLE MFG PRODUCT IN 2016 TOTAL 2016 USA EXPORTS 15.9 Usd billion, of which 54 million to Italy (0.4%) CAGR % Source: IHS - Markit based on US Department of Commerce, Bureau of Census data 5
6 1.4 TOP IMPORTS IN FLEXIBLE MANUFACTURING FROM ITALY TOP 5 CATEGORIES IN 2016 TOTAL IMPORTS FROM ITALY 373 Usd million Source: IHS - Markit based on US Department of Commerce, Bureau of Census data 6
7 1.5 USA PRIMARY INDUSTRIAL MACHINERY IMPORTS FROM ITALY TOTAL 2016 IMPORTS FROM ITALY (*) $ 8.4 BL Source: IHS - Markit based on US Department of Commerce, Bureau of Census data * US Harmonized Tariff Code 84 (general machinery) 7
8 1.6 ITALY - USA R&D AND PATENT APPLICATIONS ITALY USA R&D INTERCHANGE (BALANCE) USA-ITALY ) Work undertaken on a systematic basis to increase stock of knowledge Italy + EUR 492 million Eur Source: The World Bank 2) Patent applications to USPTO (2013) approx. 343,000 From Italy 2,350 (7th place among EU countries, 0.7% of total patent applications) Source: Organization for Economic Co-operation and Development 3) Sale of proprietary rights arising from research and development Italy million Eur Research and development services other than work undertaken on a systematic basis to increase the stock of knowledge Italy - 2,6 million Eur Source: Eurostat Source: The World Bank Patent applications to EPO (2013) approx. 142,000 From the US 38,600 (1st place, 27% of total patent applications) Source: Organization for Economic Co-operation and Development 8
9 2. ONGOING ACTIVITIES 9
10 2.1 SOME OF ITA S EDUCATION AND RESEARCH PROGRAMS WITH USA UNIVERSITIES METALLURGY PACKAGING GLASSWORKING HORIZONTAL 10
11 2.2 MEMORANDUM WITH USA GOVERNMENT AGENCIES US DEPARTMENT OF COMMERCE - SELECTUSA For Whom Italian companies looking to either expand or invest in the USA via, for example, greenfields, brownfields, mergers and acquisitions Objective To facilitate Italian manufacturers investments in the US market Italian Trade Agency Offer -In the USA: participation of Italian companies at the annual SelectUSA Summit in Washington, DC -In Italy: organization of road shows with the USA Consulate (Milan) in various cities as Rome, Milan and Vicenza SelectUSA Since its inception, SelectUSA has facilitated more than US$ 25 billion in investments, creating and/or retaining tens of thousands of USA jobs 11
12 2.3 PARTNERSHIPS WITH LEADING USA INNOVATION CENTERS DIGITAL MANUFACTURING AND DESIGN INNOVATION INSTITUTE For Whom USA-based subsidiaries of Italian companies with manufacturing and technology centers Objective Provide these subsidiaries an opportunity to take part in various USA government agency and industry projects Italian Trade Agency Offer -5-year membership (Tier 3) -Take part in US government agencies call for projects -Networking opportunities 12
13 2.5 MACHINES ITALIA WEB SITE Prime access to USA companies seeking the latest in Italian advanced manufacturing solutions AGRICULTURE & FARM MACHINERY CERAMICS MACHINERY & EQUIPMENT EARTHMOVING MACHINERY FLUID POWER EQUIPMENT & COMPONENTS FOOD TECHNOLOGY MACHINERY FOOTWEAR, LEATHER GOODS AND TANNING MACHINERY FOUNDRY & METALLURGICAL MACHINERY GLASS MAKING & PROCESSING MACHINERY MARBLE & STONE MACHINERY METALWORKING MACHINERY PACKAGING MACHINERY PLASTIC & RUBBER PROCESSING MACHINERY POWER & MOTION TRANSMISSION SYSTEMS PRINTING, GRAPHIC & CONVERTING MACHINERY TEXTILE MACHINERY WOODWORKING MACHINERY 13
14 2.4 ITA S PUBLICATIONS FOR ITALIAN MANUFACTURERS CONSIDERING INVESTMENT IN THE USA MARKET ITA S PUBLICATIONS ARE COMPLIMENTARY AND AVAILABLE ONLINE -USA: Guida Fiscale (Fiscal Guide) -USA: Guida pratica agli investimenti Frequently Asked Questions (Legal Guide) Intellectual Property and Market Access Desk ITA New York 14
15 ACTIVITIES 15
16 3.1 ITALY - USA ADVANCED MANUFACTURING CONFERENCE FEBRUARY 21ST, MILAN, ITALY Objective ITA, with the support of Ministry of Economic Development, will bring together leading USA and Italian universities and research centers, entrepreneurial associations and companies that are focused on research, development and Industry 4.0 trends Facilitators Supporters Partners Italian Embassy in the USA, leading Italian machinery manufacturers associations, US companies Edizione italiana + relevant US universities and government agencies 16
17 3.2 TECHNOLOGY DAYS 2018 TECH DAY BIOTECH San Francisco January 2018 TECH DAY RENEWABLE ENERGY Las Vegas December 2018 TECH DAY START-UPS INVESTMENT San Francisco April 2018 TECH DAY AEROSPACE Houston December 2018 TECH DAY ADVANCED MANUFACTURING. Detroit and Chicago June 2018 TECH DAY SCIENCE & MANUFACTURING INSTITUTIONAL BILATERAL Washington DC Oct TECH DAY INDUSTRIAL CLUSTERS Raleigh, NC May
18 MAJOR ITA HORIZONTAL & VERTICAL INITIATIVES ITA CHICAGO ITA LOS ANGELES ITA HOUSTON Acceleration program for Start-ups 18
19 THANK YOU! ITALIAN TRADE AGENCY CHICAGO OFFICE 401 NORTH MICHIGAN AVE, SUITE 1720 CHICAGO, IL USA Phone + 1 (312) chicago@ice.it 19
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