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THE MEDITERRANEAN AND GROWTH OPPORTUNITIES FUNDED BY THE EIB
Expanding business cooperation in the Mediterranean region, facilitating trade and access to available funding and resources: it is with these objectives in mind that ICE (the Italian Trade Promotion Agency) is organising a seminar entitled "The EIB and Cooperation in the Mediterranean Region".
The event is due to be held on December 11th, and will take place at the main ICE offices at no. 21 Via Liszt, in Rome.
It will be open to companies, associations, consortia, institutions, business groups, universities, research centres, business consultants and other stakeholders from the public and private sectors who are interested in learning about the activities, services and products offered by the EIB. Indeed, the European Investment Bank is increasing in importance, and will also be playing a leading role in the so-called Juncker plan to boost growth in Europe. The seminar is free, but participants are required to register (https://sites.google.com/a/ice.it/seminario-bei-femip/).
The day will concentrate on providing an overview of the services and products made available by the EIB to support policy development and cooperation with countries in the Mediterranean area by Italian companies and organisations.
These services and products form part of FEMIP, the Facility for Euro-Mediterranean Investment and Partnership.
The agenda will include a morning plenary session, during which representatives of the EIB will present programmes, tools and funding, focusing attention on procedures for access. The approach will combine theory with practicality, for the benefit of those companies interested in establishing business relationship with countries in the Mediterranean basin.
The seminar also includes an optional afternoon session, enabling participants to learn more about the topics covered through bilateral group meetings with the various speakers.
The collaboration between Italian and Mediterranean companies represents an important development for the entire area.
The latest report of the Permanent Observatory on economic relations between Italy and the Mediterranean shows that there are already about three thousand Italian companies active in Turkey, Morocco, Tunisia and Egypt, and that their presence has actually increased since 2011 and during the political instability of recent years. Italian trade with the Mediterranean area amounted to 54.8 billion Euros in 2013: a figure only exceeded only by those for the USA and Germany, and showing a growth of 64.4% between 2001 and 2013.
Future prospects, therefore, remain positive, bearing in mind the fact that while the European economies are struggling, these countries will see their GDP increase by an average of 2.3% in 2014, 3.6% in 2015 and 4% in 2016.
In addition to prospects for economic growth, the interest of Italian businesses in these countries is also linked to other factors, such as the relationship between quality and labour costs, and national demographics. With under-25s constituting an average 50% of the total population, prospects for a growth in consumption in future years are certainly assured.