THE AMERICAN ITALIAN FOOD COALITION UNVEILS UPDATED REPORT ON THE U.S.-ITALY STRATEGIC PARTNERSHIP
Press: press@aifcoalition.org
Today, the American Italian Food Coalition (AIFC) unveiled its updated report on “The U.S.-Italy Strategic Partnership,” highlighting essential economic developments and reaffirming the ties between the U.S. and Italy. The report, originally authored in April of 2022, emphasizes the AIFC’s recent advocacy work on Capitol Hill and shares the latest updates on the progress toward implementing OECD’s Pillars One and Two.
AIFC’s co-chairs Susan Molinari and Lucy Calautti released the following statement on the updated report:
“The newest version of “The U.S.-Italy Strategic Partnership” provides a renewed perspective into the U.S. and Italy’s cooperative partnership. The inclusion of updated data as well as new economic and trade developments make this publication an essential reference for those looking to further grasp the influencing factors on U.S.-Italy trade and the impacts of the partnership on both countries’ markets. The U.S.-Italy relationship has spanned 163 years and continues to bring substantial benefits to both nations, fostering growth, innovation, and mutual understanding across industries. This enduring alliance not only strengthens economic ties but also reinforces shared values, creating new opportunities for collaboration in a rapidly evolving global market.”
Some key takeaways from the updated report include:
In 2022, the United States and Italy’s two-way trade in goods and services exceeded a record $126 billion, with $72.94 billion imported from Italy.
As of 2022, Italy’s direct investment in the U.S. totaled $39.75 billion, while U.S. direct investment in Italy was $26.12 billion. Additionally, as of 2022, jobs tied to two-way direct investment in the U.S. totaled 440,000.
In a joint statement following Prime Minister Meloni and President Joe Biden’s visit in March of 2024, they announced a significant achievement: bilateral trade between the two countries had reached its highest levels ever.
To read the updated U.S.-Italy Strategic Partnership Report, please click here.
To read the AIFC’s 2024 report on environmental responsibility, please click here.
To read the AIFC’s 2023 report on positive nutrition please click here.
###
The American-Italian Food Coalition is an alliance of more than 530 Italian companies, manufacturers, and trade associations dedicated to ensuring American consumers continue to have access to high-quality, affordable imported Italian products including pasta, coffee, biscuits, and wafers. Co-chaired by former U.S. Representative Susan Molinari and Lucy Calautti, AIFC members are committed to ensuring robust trade relations between the U.S. and Italy, environmental stewardship, and promoting a balanced diet.