Organic provisions for the valorisation, promotion and protection of Made in Italy

Country / jurisdiction: Italy · Year: 2023 · Status: In force · Level: National · Type: Voluntary

This law was written and enacted on 27 December 2023, and entered into force in January 2024. The primary aim of this law is to valorise, promote, and protect products and industries that are distinctly Italian.

National Made in Italy Fund: A key component of this strategy is the establishment of a National Made in Italy Fund, also referred to as the Sovereign Fund, which aims to invest in strategic sector supply chains, with a particular focus on raw materials procurement. The fund is overseen by the Ministry of Economy and Finance (MEF) and is open to participation from investment funds and other entities, indicating a public-private partnership approach.

Strategic Sector Focus: The fund's mission is to invest in supply chains of strategic sectors, with a specific emphasis on raw materials procurement. This focus suggests an acknowledgement of the critical nature of certain minerals and materials to Italian industries.

Raw Materials Procurement: The law prioritises investment in raw materials procurement.

Financial Allocation: The law provides for a significant financial commitment, with an expected allocation of 700 million euros for 2023 and 300 million euros for 2024. This substantial investment demonstrates Italy's commitment to strengthening its strategic industries and their supply chains.

Official source: https://www.normattiva.it/uri-res/N2Ls?urn:nir:stato:legge:2023-12-27;206~art4