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Spain’s Adaptation to Post-Brexit Trade Frictions: Analysis from Spanish Chamber of Commerce

London (United Kingdom), December 13 (EFE).- (Image: Guillermo Garrido) Spain has adapted well to the…

London (United Kingdom), Dec 13 (EFE).- (Image: Guillermo Garrido) Spain has adapted well to the frictions in investment and trade produced by the United Kingdom’s departure from the European Union (Brexit), but still Difficulties are observed in some areas, especially in the mobility of people between the two countries. That is the diagnosis of the Spanish Government, which was expressed today in London by the Secretary of State for Commerce, Xiana Méndez, on the occasion of the presentation of the V Investment Barometer prepared annually by the Spanish Chamber of Commerce in the United Kingdom. In Méndez’s opinion, after a few months of uncertainty after the signing of the free trade agreement between the EU and the United Kingdom in 2021, Spanish companies have gained confidence and the complications have acquired a more technical nature. “One of the current difficulties is the mobility of people (…), which companies need for their investment operations,” she said. IMAGES FROM THE PRESENTATION OF THE V BAROMETER ON INVESTMENT BY THE SPANISH CHAMBER OF COMMERCE IN THE UNITED KINGDOM. INCLUDES TOTALS IN ENGLISH FROM XIANA MÉNDEZ (SECRETARY OF STATE FOR COMMERCE) AND EDUARDO BARRACHINA (PRESIDENT OF THE SPANISH CHAMBER OF COMMERCE IN THE UNITED KINGDOM). Translations: presented our concerns to the UK Government, and requested to alleviate these requirements, procedures and costs. In the same way that we have done with other obstacles this year. The collaboration, I have to say, with the British Administration has always been impeccable, in fact, with multiple meetings…”. 2.- “Looking at the investment market, the United Kingdom has consistently been one of the largest destinations for Spanish investment (…) in 2021, accounting for almost 15% of foreign investment in Spain.” 3.- “One of the priorities of the Spanish presidency of the Council is economic security. In market policy this means the study of risks, such as technologies, exports…”. Eduardo Barrachina, president of the Chamber of Commerce in the United Kingdom 4.- “Companies have shown their resilience, they have adapted to the treaty and the cooperation agreement, and we continue to be one of the top ten countries.”

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2023-12-13 14:04:02
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