The United Kingdom and Italy have partnered to enhance trade, boost economic growth, create jobs, increase wages and drive exports.

The partnership, the first of its kind between the UK and any EU country, also aims at boosting exports in various sectors and promoting inward investment in low-carbon industries such as offshore wind and carbon capture storage.

The agreement cements the UK's position as a vital trade partner within Europe and the G7, demonstrating the country’s potential as an independent trading nation to form comprehensive trade deals with new markets, while strengthening its partnerships with EU member countries. It marks a significant milestone in the UK’s trading relationship with Europe and shows how an independent UK can benefit from striking ambitious trade deals with the world, while also reinforcing its already strong and prosperous trading relationship with EU members such as Italy.

The partnership is expected to boost trade and investment between British and Italian businesses, ease the path for valuable investment, and grow UK exports. The UK and Italy are among the top ten global economies. Italy is the UK’s eleventh largest trading partner. In 2020-21, Italy was also the sixth largest recipient of UK foreign direct investment projects globally.