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1. The European Screening Mechanism and Its Implications for Chinese FDI

Author:
Emanuele Ballestracci
Publication Date:
02-2025
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
The European Commission has recently proposed a revision of the EU foreign direct investment (FDI) screening mechanism, originally established in 2020. The aim is to further strengthen the EU’s economic security within the framework of its “de-risking” policy, which aims to manage risks coming from the economic and technological engagement with China.[1] The new proposal aims to address major shortcomings in the current screening mechanism, expanding its scope to greenfield investments and European outward FDI. However, this could conflict with the EU’s goal of encouraging Chinese greenfield investment and joint ventures, particularly in the electric vehicle (EV) sector.
Topic:
Science and Technology, Foreign Direct Investment, European Union, and Economic Security
Political Geography:
China, Europe, and Asia

2. Italy’s Foreign Policy in the ‘Super-election Year’ 2024

Author:
Leo Goretti and Filippo Simonelli
Publication Date:
02-2025
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
This document provides an English summary of the 2024 edition of IAI’s annual report on Italian foreign policy titled: “L’Italia nell’anno delle grandi elezioni”, developed with the support of the Fondazione Compagnia di San Paolo. The 2024 edition of the report, edited by Ferdinando Nelli Feroci and Leo Goretti, features the contributions of a group of IAI researchers coordinated by the Institute’s Italian Foreign Policy programme. The report covers all the core areas of Italian foreign policy, beginning with the relations with the European Union and European allies and those with the US at the dawn of Donald Trump’s second term. Specific attention is paid to the two major crises in the closest neighbourhood of the country, analysing Italy’s commitment to supporting Ukraine and its position vis-à-vis the Israel-Gaza conflict. An in-depth focus is devoted to the government’s pivot to Africa under the umbrella of the so-called “Mattei Plan”, as well as the relations with the People’s Republic of China and the Indo-Pacific region at large. Structural policies are then addressed, from the defence and aerospace policy to the government’s approach to the energy and climate crises to migration policy. Finally, some considerations are made on the 2024 Italian G7 Presidency and the overall Italian involvement in multilateral fora.
Topic:
Foreign Policy, Elections, European Union, Donald Trump, and Mattei Plan
Political Geography:
Europe and Italy

3. Trump’s Call with Putin Raises Great Concerns, Few Hopes

Author:
Riccardo Alcaro
Publication Date:
02-2025
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
US President Donald Trump’s phone call with Russia’s leader Vladimir Putin, especially when read in combination with Secretary of Defence Pete Hegseth’s re-definition of US Europe policy, casts a long shadow. There are good reasons to be more concerned than hopeful about the peace deal that seems to be taking shape in the minds of the US Administration. At the same time, there are elements suggesting a less pessimistic assessment of the looming negotiations. Trump’s call with Putin has made a big splash but has not yet pierced Ukraine’s armour.
Topic:
Foreign Policy, European Union, Donald Trump, and Vladimir Putin
Political Geography:
Russia, Europe, Ukraine, North America, and United States of America

4. Another Transatlanticism Is Possible: Europe’s Moment in Latin America amid Trump’s Return

Author:
Raffaele Piras
Publication Date:
02-2025
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
Donald Trump’s return to the White House has reignited his hallmark “America First” agenda, with significant consequences for Latin America. During his inaugural address, Trump emphasised the need to regain US control of the Panama Canal, framing it as a cornerstone of national security amidst heightened competition with China.[1] This rhetoric marks the continuation of a policy approach that relies on coercion and transactional diplomacy to achieve US objectives. While Trump’s focus on Latin America will undoubtedly reshape the region’s geopolitical dynamics, it also presents a strategic opportunity for the European Union to strengthen its role as a stabilising force and reliable partner.
Topic:
Foreign Policy, Politics, European Union, Institutions, and Transatlantic Relations
Political Geography:
Europe, Latin America, North America, and United States of America

5. The G7 and Sustainable Agri-Food Systems’ Transformation: Lessons Learned from the Italian Presidency

Author:
Daniele Fattibene
Publication Date:
02-2025
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
Italy put a strong emphasis on food and nutrition security during its 2024 G7 Presidency, designing or scaling up plans to transform global food systems. Although the Italian presidency was able to gather consensus on key dimensions such as the food and climate nexus or development finance, structural weaknesses remain. Among them, the limited representation of Global South interests, the lack of space for civil society and farmers’ organisations in the decision-making process and the institutional rivalry between the Finance and the Development Tracks. While the G7 can more easily mobilise consensus and financial solutions to tackle global hunger, it has gradually lost ground to settings such as the G20 or the UN climate conference generally known as COP. The G7 must align its food-security solutions with those designed by other global partners (the G20 Global Alliance Against Hunger and Poverty, or the EU’s Global Gateway) that can more effectively address food insecurity, while tackling all the barriers that make it too risky for local actors and the private sector to invest in sustainable agri-food systems transformation.
Topic:
Agriculture, Climate Change, Food Security, and G7
Political Geography:
Europe and Italy

6. A Three-year War and Four Lessons for Europe

Author:
Alessandro Marrone
Publication Date:
02-2025
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
The tragic third anniversary of the Russian invasion of Ukraine that began on 24 February 2022 witnesses the start of diplomatic talks between Russia and the United States on the possible end of the conflict. Three years of large-scale, high-intensity war of attrition in Europe, with over a million dead or injured soldiers, offers at least four politico-military lessons for European countries, the EU and NATO. Lessons to bear in mind through this negotiation for the future not only of Ukraine but of the security of the whole continent.
Topic:
Defense Policy, NATO, Transatlantic Relations, and Russia-Ukraine War
Political Geography:
Europe and Ukraine

7. Giorgia Meloni’s Italy between Trump and Europe: Fateful Choices Ahead

Author:
Maria Luisa Fantappiè, Leo Goretti, and Filippo Simonelli
Publication Date:
03-2025
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
The priority should be “preventing divisions within the West and the transatlantic alliance”, while “rooting for” this or that side would not be helpful: it is thus that Italy’s Prime Minister Giorgia Meloni commented on the spat in the Oval Office between President Volodymyr Zelensky and Donald Trump,[1] and by extension, between Washington and Europe. In the aftermath of the clash, while most European leaders openly supported Zelensky, Meloni’s reticence was notable. The choice was tough. Siding with Zelensky would jeopardise Meloni’s aspiration to become the go-to EU leader for Washington. And yet, siding with Trump would lay bare a lack of commitment to Europe and especially the defence of Ukraine, for which Meloni had previously shown constant support. At the ensuing London Summit on Ukraine, Meloni couldn’t hide her discomfort.[2] The resolve of European leaders – spearheaded by the French president Emmanuel Macron and the UK’s Prime Minister Keir Starmer – in advocating for a strategic Europe seemed to shelve Meloni’s carefully crafted plan to leverage her bilateral ties with the Trump administration to bolster her role in Europe – even at the cost of fragmenting its unity. Meanwhile, at home, her junior coalition partner Matteo Salvini openly sided with Trump, in an attempt to present himself as an alternative to Meloni and to win consensus among that sizable chunk of the Italian public opinion who wants to see an end to the war in Ukraine.
Topic:
Foreign Policy, Transatlantic Relations, Donald Trump, Russia-Ukraine War, and Giorgia Meloni
Political Geography:
Europe, Italy, and United States of America

8. Trump’s Exit from the Paris Agreement: An Opportunity for the EU to Back South Africa’s Climate Leadership

Author:
Bongiwe Ngcobo-Mphahlele and Darlington Tshuma
Publication Date:
03-2025
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
In his address to the World Economic Forum Annual Meeting in Davos in January 2025,[1] South Africa’s President Cyril Ramaphosa – who currently chairs the G20, the first African leader to do so – outlined a bold and assertive agenda centred on global cooperation, inclusive growth and sustainable development. His address included a renewed call for transparency in the allocation of climate resources and the reform of the global financial architecture that has long been criticised as too rigid to support long-term sustainable development in the Global South.[2]
Topic:
Foreign Policy, Climate Change, Economics, and Sustainable Development
Political Geography:
Europe, South Africa, North America, and United States of America

9. Can France Provide European Allies with Nuclear Deterrence?

Author:
Roberto Zadra
Publication Date:
03-2025
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
In his speech to fellow citizens on 5 March, French President Emmanuel Macron announced the opening of a “strategic debate on the protection of our allies on the European continent by our (nuclear) deterrent”.[1] It is not the first time: already in the 1990s then-president François Mitterrand alluded to a vocation européenne of French nuclear deterrence.[2] Macron himself proposed, already in February 2020, the opening of a dialogue on the matter.[3] The initiative was not very successful at the time, essentially because European allies considered the security guarantees provided by the United States to Europe through NATO sufficient, together with the repeated reassurances of NATO communiqués that the British and French nuclear forces “have a deterrent role of their own and contribute significantly to the overall security of the Alliance”.[4] This time, however, the reactions by many European allied countries to the French initiative will probably be different. For a simple reason: excluding the deployment of its own forces to Ukraine in the event of a ceasefire and denying security guarantees to Kyiv, the Trump administration fuels the fears of European allies that Washington’s commitment to collective defence is less solid than in the past. Indeed, the Ukraine crisis has shown the limitations of the traditional NATO distinction between Article 5 and non-Article 5 – that is, between those who are members of NATO and therefore protected by collective defence, and those who are not because collective defence is not valid for NATO partners – as it has laid bare how crisis management and cooperative security are having a direct impact on (the perceived lack of US commitment to) collective defence in Europe.
Topic:
Defense Policy, NATO, Nuclear Weapons, Deterrence, and Transatlantic Relations
Political Geography:
Europe and France

10. The New Partnership among Italy, Japan and the UK on the Global Combat Air Programme (GCAP)

Author:
Alessandro Marrone
Publication Date:
03-2025
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The Global Combat Air Programme (GCAP) launched by Italy, Japan and the UK in 2022 represents a novel partnership among the three countries for the development and production of a next-generation crewed fighter aircraft. A partnership based on equality of rights for and investments by the founding partners, as well as on the principles of Freedom of Action and Freedom of Modification at national level – that means full operational and technological sovereignty on the core platform, differently from the F-35 experience. As such, GCAP presents new challenges and opportunities in political, military and industrial terms, in addition to the programme’s tight schedule and high level of technological ambitions. The cooperation accelerated in 2024 with the establishment of a dedicated international governmental organisation to manage the programme, and the agreement on a joint venture among the three major companies involved on equal foot from the respective countries. This study provides an in-depth and comprehensive analysis of the specific British, Italian and Japanese ways to GCAP, of the programme’s politico-institutional governance and industrial architecture, as well as of training issue and the cross-sectorial implications for Italy. Moreover, a dedicated chapter focuses on the Franco-German-Spanish Future Combat Air System (FCAS) and the US Next-Generation Air Dominance (NGAD) programmes in a comparative perspective. The conclusions outline 15 policy recommendations for Italy concerning GCAP.
Topic:
Defense Policy, Science and Technology, Defense Industry, and F-35
Political Geography:
Japan, United Kingdom, Europe, and Italy