Trade turnover between Italy and the Eurasian economic Union (EAEC) grew by 7.6% in the first quarter of this year and reached 6.2 billion Euro on the background of growth of Italian exports to Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. Such data are distributed on June 21 at the 7th Euro-Asian seminar, which was held in Rome on the initiative of the Association “Know Eurasia” with the support of the SPIEF, the “Rockingness” and with the assistance of the Bank Intesa Sanpaolo (“Intesa Sanpaolo”), reports TASS.
As the analysts of the Association, based on official data from the National statistics Institute (ISTAT), the volume of mutual trade exchange with the EEU represents 3.2% of world GDP. Italy in the period from January to March this year imported from the area of the EAEU goods and services in the amount of 3.9 billion euros, 6% more than in the same period last year. Italian exports grew by 10.6% and reached 2.2 billion euros.
Russia will remain the leading economy for mutual cooperation, the Russian market accounts for a large part of Italian exports in the area of EEU (76%). In 2018, the Russian Federation accounted for 86% of Italian exports to the countries of the EEU.
At the same time there is active growth of exports from Italy to Kazakhstan.