Interviews
Italian firms see Turkey as alternative to Chinese supply chains
30 Nov '21
1 min read
Pic: Komgrit Pradissagul | Dreamstime.com
Turkey-Italy trade will exceed $20 billion this year and the two nations will increase that to above $30 billion within five years, according to head of the Italian Chamber of Commerce and Industry Livio Manzini, who recently said Italian businesses are also looking for supply chains other than China and there are not many better alternatives than Turkey.
Turkey’s investments in Italy are steadily increasing as Turkish firms view Italy as a gateway to the European Union (EU), Manzini told a conference in Istanbul.
Italy will receive an EU support package worth €200 billion ($225 billion), which will revive the Italian economy and boost its imports, he added.
Massimo Gaiani, Italy’s ambassador to Turkey, hailed the latter as a ‘truly positive partner’, a news agency reported.
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