Policies under new American
president Donald Trump are likely to jeopardize record-high
Italian export levels towards the US, Italian farmers
association Coldiretti warned on Wednesday.
With a 2.6% increase and an overall value of 36.9 billion,
Italian exports towards the US were at a record high in 2016.
The US was Italy's top non-EU trade partner last year as well
as the one with the largest positive trade balance at +23
billion, according to a Coldiretti analysis on the basis of
national statistics institute ISTAT data on the possible effects
of potentially more protectionist policies under the new
president.
Coldiretti noted that the US is a decisive market for Italian
agrofood products, totaling an estimated 3.8 billion euros in
exports in 2016. Wine accounted for 1.3 billion, followed by
oil, cheeses and pasta, the association said.
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