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Editions 2, Mar-May 2014
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INTERNATIONAL BUSINESS

New measures to promote exports

All bodies depending on the State Administration and the Autonomous Communities, involved in the promotion of Spanish companies overseas and in attracting foreign investments, have been joined by the Ministry of Economy through the Inter-territorial Internationalisation Council. At the meeting, chaired by the Secretary of State for Trade, Jaime García-Legaz, new measures were presented in order to boost the exports made by Spanish companies, in particular the new "ICEX Consolida" programme, as well as a plan of action to minimise the effects of the EU Russian embargo. These two measures will be put into place as a matter of urgency. The "Icex Consolida" plan, with a budget of 2 million Euros, will provide support to the internationalisation projects of Spanish companies in foreign markets.

Start-up and first establishment expenses, promotion, certification and legal defence of the trademark will be eligible for funding by up to 50 %. Each company will have a maximum limit of 50,000 Euros. This measure is in line with the guidelines of the Strategic Plan to Internationalise the Spanish Economy 2014-2015, to boost trade promotion and support for companies, aimed at reducing the number of companies that cease their exporting activities. Companies may present a maximum of two simultaneous projects, in different markets, with a maximum of 65,000 Euros for both projects. In 2013 there was a total of 150,992 exporting companies, therefore, a 10.2 % increase compared to the previous year. The regular exporting companies (with sales abroad during four consecutive years) also increased by 7.3 %, totalling 41,163 companies. Despite the fact that the export base has risen, the number of companies ceasing their exporting activity also increased, with a total of 65,733 companies in 2013.