Italy is Iran's first commercial partner in Europe, despite US sanctions. Fidelity to the US could cost us dear

The US President Donald Trump continues to press and pull in foreign policy. The politics of rhetoric, mixed with that of threats, would be part of a strategy studied at the table by the American tycoon. A widely used practice in the field of big business. A chessboard where the opponents, before making the real moves on the gaming table, orchestrate the most disparate persuasive and dissuasive campaigns possible to bring the opponent on duty to the most convenient direction. Thus the American president is "handling" international politics. A clear example is what is happening with Iran, where threats to withdraw from the 2015 nuclear agreement and the imposition of new sanctions mean that Iran, struggling with important and endemic internal problems, feels always on the razor's edge. The magistrally created tension generates faint reactions from the countries subject to Trump's rhetoric. Iran, for example, has threatened the closure of the Strait of Hormuz - an important junction of the oil trafficking area. China has threatened to impose around 60 billion dollars on trade sanctions on the United States. A pull and spring that, beyond the strategies put in place, often affects the commercial relations of third countries, such as Italy, which is Iran's first European commercial partner.

In particular, Italian companies, over time, have made Italy, with an exchange of 5 billions of euros in 2017, become the first commercial partner of Tehran surpassing France and Germany.

Sace recently reported a potential for growth in exports to Tehran to exceed 2,5 billion in 2018 (+ 45% compared to 1,75 billion in 2017). 27 billion, on the other hand, the memoranda of understanding already signed by Italian companies starting from 2016.

Oil and Gas, logistics, infrastructure, medical, plastic material processing and high technology of mechanics, these are the flagship sectors of Made in Italy that could be "swallowed up into nowhere", or in the spiral of the probable more stringent sanctions threatened from the USA.

Iran, in addition to being the first country in the world for natural gas reserves, the fourth for crude oil reserves, is aiming for over 100 billion in foreign investments to accelerate the growth of domestic industry. Only Eni, for example, would have about 50 production and exploration projects with Iran. But the works set up already in 2016 with Iran affect the Saipem gas pipeline (4,5 billion), the infrastructures of the Gavio Group (4 billion), the Danieli steel plants (spare parts in the auto sector: 3,8 billion) billion) and the supply of Atr-Leonardo aircraft (400 million). Fs, then has a 3,5 billion high-speed contract. But there is also an agreement with Enel and with Sea Aeroporti.

In short, an impressive network of commercial exchanges which, however, sees the sword of Damocles in the weakness of the realization, which also causes losses on the stock market. However, Italian loyalty to the US has a price.

 

 

Italy is Iran's first commercial partner in Europe, despite US sanctions. Fidelity to the US could cost us dear

| Economics |