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SACE SIMEST hosts "The Canada Opportunity" event in Bologna

SACE SIMEST hosts "The Canada Opportunity" event in Bologna
1 February 2018

Today, SACE SIMEST, export and internationalisation hub of the CDP Group, hosted “The Canada Opportunity” event, organised by the Canadian Embassy in Italy at its premises in Bologna. The event – attended by the Canadian Ambassador, Alexandra Bugailskis, and numerous institution representatives and important figures from the world of business and finance – was an opportunity to present, through the testimonies of its participants, the opportunities offered by the North American country.

Speaking during the event, SIMEST Chairman Salvatore Rebecchini highlighted the fact that Canada, especially since the CETA agreement came into effect in September 2017, is regarded as a very important market by Italian companies looking to expand abroad, as it offers great economic and business opportunities.

"For the export and internationalisation hub of the CDP Group, Canada is a country with lots of potential: SIMEST has backed 7 direct investments by Italian companies, for a total of 299 million euros”.

SACE's Stefano Bellucci, Head of the Offices in the Centre-North of Italy, opened the work session pointing out that the positive year for Italian exports is a very encouraging sign for companies in the region.

"2017 was a good year for Italian exports and I am sure that the positive trend shown by the companies in Emilia Romagna will continue. The export and internationalisation hub of the CDP Group, which served 1500 clients in the first six months of 2017 alone, mobilizing resources worth 2 billion euros, is ready to confirm its commitment to support companies in such a receptive and dynamic region, responsible for 13.5% of national exports".

Emilia Romagna is one of the regions that export more to Canada (15% of Italian exports). In the last few years, regional exports to Canada have increased above the levels recorded in 2007, before the economic crisis, reaching approximately 550 million euros in 2016 (+43% compared to 2010). Main export sectors include: mechanics and transport (which together make up for 43.1% of regional exports to Canada), rubber-plastic (22%) and foodstuffs (approx. 16%).

 

Contact details for the media:

SACE | Press Office

T. +39 06 6736888

ufficio.stampa@sace.it

 

Contact details for Companies

SACE | Customer Care

Free Phone 800 269 264

info@sace.it

 

SACE, wholly owned by Cassa depositi e prestiti, offers a range of insurance and financial services, including export credit, investment protection, financial guarantees, surety bonds and factoring. With insured business operations worth 87 billion euros in 198 countries, it supports the competitiveness of Italian and foreign companies, guaranteeing stabler cash flows, transforming the risk of insolvency into development opportunities. Together with SIMEST, of which it owns 76%, it forms the export and internationalization hub of the CDP Group: a unique reference point to access all the insurance and financial services offered by the group, designed to support the competitiveness and international growth of Italian companies around the world.

SIMEST is part of the CDP Group, 76% controlled by SACE and invested in by leading Italian banks and business associations. SIMEST and SACE form the export and internationalization hub of the CDP Group, which offers all the financial instruments to support Italian companies interested in competing and expanding internationally. In particular, SIMEST supports companies throughout their entire international development process, providing soft loans for internationalisation, export credit support and equity investments.

Stampa