The government aspires to turn Spain into a country capable of fishing profits in the midst of the revolts waters of International trade. While medium planet companies recalibrate their strategies in the face of the impact of the tariff battleIada by Donald Trump on his global trade and investment flows, the Executive will raise the hand to the world on Monday to present himself as a reliable, stable destination and with one of the most robust economic growths in the developed world. Will do it in the Invest in Spain Summita new international forum that will bring together the government’s economic team with the directors of 75 multinationals from 25 countries with the aim of showing the attractions of Spain and capturing foreign investment.
Invest in Spain Summitwhich will be held during the next Monday at the Real Casino in Madrid, will feature the push of the State Headquarters, as it will be inaugurated by King Felipe VI. The appointment seeks to extol the business opportunities presented by the Spanish market for the strategic economic sectors of high added value, offering their multinationals direct access, and to the highest level, to the central government, including the president, Pedro Sánchez, who will close the day and maintain bilateral meetings with some managers.
A total of 75 multinationals from 25 countries have confirmed their assistance to the forum, requesting confidentiality, so that at the moment they have not transcended proper names. As expansion has been able to know, however, the bulk of the companies come from the United States, the epicenter of the global commercial war unleashed by Trump; China, with which the Executive has been narrowing ties after Sánchez’s visit to his counterpart, Xi Jinping; Japan, leading Asian power in the technological field; as well as Germany and France, as outstanding representatives of the great European powers.
Known sources of the event reveal to this newspaper that among the sectors present in the forum with greater prominence they will highlight the technological; the energy (particularly related to renewable sources); the chemist; the agri -food; the aerospace or the car. These are fundamentally sectors that the Government considers aligned with its commitment to the green and digital transition, and those that identify as the growth engine of the European economy for the coming years. High value added companies are also considered and capable of generating stable and higher quality employment.
During the meeting, organized by ICEX- Invest in Spain, the senior management of these multinational companies may raise their projects, demands, concerns or doubts to the different members of the government’s economic team, their president, ministers, Secretaries of State or the representatives of different public entities linked to investment and global trade. It is planned that a hundred bilateral meetings of this type will be held, including those who will directly star in the president and his ministers.
In addition to Sánchez himself, the Third Vice President of the Government and Minister for Ecological Transition and Demographic Challenge, Sara Aagesen will participate; as well as the Ministers of Economy, Commerce and Business, Carlos Corpora; of industry and tourism, Jordi Hereu, and the Minister for Digital and Public Function, Óscar López.
In addition, the Central Executive has invited to participate in the forum in the Autonomous Communities. All of them will send a representative, fundamentally their economy counselors or general directors, to take advantage of the meeting to build bridges with companies in order to maintain contacts in the future with those interested in deploying investments in their territories.
During the day, which will be extended from early in the morning until mid -afternoon and will develop in full in English, the Minister of Economy, Commerce and company will preside over a work lunch with those responsible for the multinationals.
Double objective
The government focuses on the invest in Spain Summit with a double objective. On the one hand, it seeks to strengthen the image of Spain as a stable, open and competitive destination for international investment. On the other, it aspires to detect and facilitate new investment opportunities, especially in strategic sectors such as green transition, digital transformation, technology industry or renewable energies.
In a context of enormous international uncertainty in the economic, commercial and geostrategic sphere, the Government seeks to present Spain as an outstanding student of the European bloc, which stands out for its stability and reliability against the recent bands of the White House, valueing the special dynamism of its economy. In this sense, the recent improvement of the country’s growth forecasts, to 2.5% by 2025, by the International Monetary Fund (IMF), in contrast to the generalized brake caused by Trump in the whole of the global economy, improves the letter of presentation of the government just at the gates of the event.
Beyond, the Executive contemplates the International Forum on Monday as a first meeting that aspires to consolidate as an annual recurring event with multinationals interested in investing in Spain.
Participation of CCAA and Barriers Elimination
Invest in Spain Summitorganized by the Ministry of Economy, Commerce and Business, directed by Carlos Body, is the first large international forum promoted directly from the Government with the objective of attracting foreign direct investment in Spain. As the main lever to achieve this, the president of the Executive, Pedro Sánchez, and several of his economic ministers will be made available to interested multinationals to carry out bilateral meetings in which he seeks to identify and promote investment projects, reinforce public-private collaboration, but also, according to sources of the organization, detect barriers to the activity. After all, the International Monetary Fund (IMF) has calculated that internal barriers within the European Union are equivalent to a 45% tariff for manufactures and 110% for services. In this field, body has promoted the so -called “regime 20”, which seeks to eliminate obstacles between communities and autonomous cities offering a common universal regime so that companies can operate in all Spanish territories without obstacles. Beyond, the government has invited the autonomies to participate in the forum, which all will send representatives of different levels, to also facilitate the interlocution of multinationals with the different autonomies, solve doubts and identify barriers to eliminate.
