Session Speakers:
Angelos Gregoriades
Representative from the Cyprus Chamber of Commerce & Ex-Board Member of Central Bank of Cyprus
Anton Buttigieg
CEO of Trade Malta
Antonio De Matteis
CEO of KITON & PITTI
Luis Rebelo De Sousa
Board Member of AICEP Portugal Global
Sergio Dompé
Chairman of Dompè Farmaceutici
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Key Takeaways
- Companies must identify growth regions and strategic markets to capitalize on business opportunities and foster international expansion.
- Leveraging governmental support, including tax incentives and diplomatic relations, can facilitate entry into new markets and mitigate trade barriers.
- Innovation, both in product development and digitalization, plays a crucial role in enhancing competitiveness and driving internationalization efforts.
- Collaboration between trade organizations, governments, and businesses is essential for creating an enabling environment for international expansion and fostering economic growth.
- Investing in human capital and skill development is vital for sustaining international expansion efforts and driving long-term success in global markets.
At Investopia Europe 2024, our speakers delved into the intricate landscape of international expansion, shedding light on strategies to navigate global markets and enhance competitiveness. With representatives from diverse sectors, including finance, fashion, and pharmaceuticals, the session provided a comprehensive exploration of key challenges and opportunities in the realm of global trade.
Antonio De Matteis, CEO of KITON & PITTI, highlighted the significance of platforms like PITTI in facilitating international exposure for SMEs, underscoring the importance of showcasing Italian craftsmanship on a global stage. This sentiment was echoed by Sergio Dompé, Chairman of Dompé Farmaceutici, who emphasized the role of innovation and passion in driving internationalization efforts within the pharmaceutical industry.
From the perspective of governmental support, Anton Buttigieg, CEO of Trade Malta, emphasized the importance of strategic market identification and collaboration between governments and businesses to facilitate market entry. Angelos Gregoriades, representing the Cyprus Chamber of Commerce, emphasized Cyprus’s attractive tax system and strategic geographic position as key factors in attracting international businesses to the region.
The discussion also touched upon the evolving dynamics of global markets, with insights from Luis Rebelo De Sousa, Board Member of AICEP Portugal Global, on the impact of trade promotion organizations and the importance of sustainability and AI in driving future growth.
In summary, the session underscored the importance of proactive strategies, collaboration, and innovation in navigating the complexities of international trade. As businesses seek to expand their global footprint, leveraging governmental support, fostering innovation, and embracing collaboration will be essential in driving success in the global marketplace.
