Italy, with world?s sixth largest industrial economy, remains in the midst of a process of political and economic transformation. The Italian government continues on a path of budget austerity and privatization, reducing its significant role in the economy. As this rationalization of the economy moves forward, Italy should offer even more opportunities for U.S. firms, both as a destination for exports and a point for investment. The Italian market is mature and highly competitive, demanding highquality products and services. The market is very open to U.S. items, particularly innovative and niche market products, services and technologies. European Union (EU) changes to the Common Agricultural Policy (CAP) and Italy's implementation of EU harmonized phytosanitary and sanitary regulations should offer fresh opportunities for U.S. agricultural exports. For example, the continued move toward a fully integrated single European market should aid U.S. high value, convenience, and...

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