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Antonio Fallico: Business diplomacy promotes the growth of trade between Italy and Russia

November 24, 2017, Turin, Moscow. The fourth Russian-Italian business seminar on "Industry and cultural heritage for a new development model" was held today in Turin (Piedmont region). Particular attention was paid to cooperation between Italy and Russia in the field of industry and finance, as well as in the sphere of cultural heritage preservation and development of tourism. In particular, the interaction in the engineering, automotive, aerospace and food industries was touched upon.

The seminar was organized by the Italian non-profit Association "Conoscere Eurasia", as well as the Roskongress Foundation, the St. Petersburg International Economic Forum (SPIEF), the Turin City Hall and the Turin Chamber of Commerce and Industry, with the support of Banca Intesa, Intesa Sanpaolo Banking Group and the law firm Gianni, Origoni, Grippo, Cappelli and partners.

The seminar was attended by the Mayor of Turin, Chiara Appendino, The President of Intesa Sanpaolo, Gian Maria Gros-Pietro, The President of the San Paolo company, Francesco Profumo, The President of the Chamber of Commerce of Turin, Vincenzo Ilotte and The President of the Turin’s Union of Industrialists, Dario Gallina.

"Business diplomacy contributes to the growth of trade between Italy and Russia," said Chairman of the Board of Directors of Banca Intesa, President of the Association "Conoscere Eurasia," Antonio Fallico. - Despite the continuation of the sanctions regime, Italian companies were able to adapt psychologically to these restrictive measures and give an additional impetus to cooperation between the two countries. Entrepreneurs understand that they cannot tolerate such an international policy, which mainly divides and creates barriers. This, above all, concerns relations with the increasingly strategically important market of the Eurasian space, which currently serves also as a gateway to China."

During the seminar, it was noted that, according to preliminary estimates, the trade turnover between Piedmont and Russia in 2017 will exceed 310 million euros, which is 23.7% more than in 2016.

The seminar in Turin completed a series of similar business events that the non-profit Association "Conoscere Euroasia", the Roskongress Foundation and the SPIEF held in Italy in 2017. Such bilateral seminars on corporation in various sectors of the economy took place in the largest cities of Italy - Milan, Genoa, Bari, Naples, Catania, Rome, Florence, Trento, Bologna, as well as in Novosibirsk (Russia) and Lugano (Switzerland).

In June 2017, at the St. Petersburg International Economic Forum, the Association "Conoscere Eurasia" organized and held two sessions (on interaction of small and medium-sized businesses and on Russian-Italian trade and economic cooperation).

In Verona, the X Eurasian Economic Forum was held on October 19-20, 2017, in which 1,200 people took part, including the heads of more than 850 companies, as well as politicians, experts, diplomats and journalists from 25 countries.

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