Italy's strategic placement makes it easy to reach the 396 million consumers of the other European Union member countries and the
240 million of North Africa and the
Middle East.
Anyone starting up a business in
Italy can benefit, in many cases,
from the support of specific state
and regional laws for incentives, which allow various kinds of contributions and concessions.
UPS EXPORT SERIES
UPS has daily flights from Singapore to UPS's European air hub in Cologne, which connects directly to Bergamo and Treviso in Italy.
Italy is part of the EU which allows free circulation of goods. All products entering EU must comply with both Italian and EU regulations, and labels or instructions must include a contact address within the EU.
The EU is free from customs duties if the country of origin is one of the 27 EU member states. If not, customers duties are levied according to the Common Customs Tariffs.
Italy, the world's seventh-largest industrial economy in 2007 with a population of about 58 million people, is known for its leadership in high-priced elastic goods. It is also a member of the European Union, Group of Eight (G-8) industrialised nations and the European Union (EU) and the Organisation for Economic Cooperation and Development (OECD).
The leading producer of pumice and feldspar, mineral-rich Italy is however largely dependent on oil and gas imports to meet its energy needs. Apart from crude oil, Italy also imports motor vehicle parts and accessories, refined oil, telephone equipment, computers and stainless steel products.
From Singapore, Italy mainly imports chemicals, pharmaceuticals, electronic components, medical and surgical equipment, refined petroleum products, jewelry, optical instruments and photographic equipment.
As some products have additional restrictions, adhering to the guidelines listed below will prevent delays or hold-ups at customs.
It is useful to note that freight charge and other fees may have to be considered together with the value of the commodity when calculating duty and tax.
Need further information? UPS can advise you on any restrictions or special requirements for shipping to Italy.
A complimentary service by www.iadvisory.com.sg