Established in 1973, the Japanese Chamber of Commerce and Industry in Italy (CCIGI) has played an important role in strengthening economic and cultural ties between the two countries, bringing together their business communities, fostering partnerships, facilitating bilateral trade, and strengthening friendship among its members.
“As the Chamber of Commerce and Industry celebrates its 50th anniversary this year, we will be there to further promote economic exchange between Japan and Italy. While I have two roles, they are managed separately, although they are compatible with each other,” said CCIGI Secretary General Yu Miyake, who doubles as Director General of Japan External Trade Organization’s office in Milan.
“The Italian economy is emerging from the effects of the COVID-19 pandemic but grew strongly in 2022. Although we were concerned about the future of the Italian economy because of rising inflation and other factors, the economy has remained strong since the beginning of 2023. And we believe that it will manage to maintain this trend,” Miyake told GMI POST.
On the subject of foreign investment, according to Miyake, many Japanese are looking into Italy because of the strength it offers, particularly in the machinery, textiles, metals, agricultural products, and chemicals sectors.
“Italian companies are generally not large in size. However, there are many that provide products and services worldwide with their unique technology and know-how. This is why I believe they need to look at Italy,” Miyake said.