TBIC FDI Trip: Advanced Manufacturing in Switzerland and Food Processing in Italy
During our recent FDI trip to Switzerland and Italy, we organized company visits, multiplier meetings, and networking activities aimed at generating new leads from the region. Our journey also included a one-day visit to the Cibus Tec food and beverage technology trade fair in Parma, Italy.
Switzerland, as the 6th largest source of European FDI in the United States, offers great business opportunities, not only regarding major corporate players but also Swiss SMEs operating in global industries like chemicals, metals, and machine engineering. Meanwhile, Italy emerged as a key player in European FDI in the U.S., with Italian investments doubling over the past decade to reach $41.1 billion in 2021. Italian investment projects in the U.S. covered a range of sectors, creating around 100,000 jobs.
Our trip provided a valuable opportunity to engage with various manufacturing industries: besides food processing companies we met companies in sectors of packaging, recycling, coating, and photovoltaics. Besides that, the TBIC had its first ever company visit in Liechtenstein, a country with 40,000 people between Switzerland and Austria. We are already excited about the next year’s promising mission to Switzerland and Italy and its potential of securing FDI for our community.