Trade promotion is a topic at the center of cooperation between Italy and Spain, as stated by Undersecretary for Foreign Affairs Manlio Di Stefano in a recent meeting with the Spanish Secretary of State for Foreign Trade, Xiana Méndez Bértolo.

Di Stefano con Méndez Bértolo

Spain is an important economic partner for Italy, of which it is the fifth supplier and sixth customer. In addition, Spain attracts many foreign investments: in 2019, the Iberian country represented the second global destination of Italian FDI. The exchange between the two countries is mainly based on industrial products (chemicals, automotive, machinery), clothing and food products, with good growth prospects for organic. Furthermore, the strong point for our companies is the Made in Italy brand, appreciated above all for its design and innovation.

Spain is a country to be considered as important possible partner for those Italian companies interested in venturing abroad. At the same time, the two countries share not only the Mediterranean culture but also a similar economic structure, characterized by the strong presence of SMEs: it is therefore interesting to observe how the Spanish government will move to support its companies during the crisis due to the pandemic. . One of the objectives of the Spanish government is precisely to relaunch trade, favoring internationalization.

Reyes Maroto

The fourth Summit on the internationalization of Spanish companies was held on 9 December, entitled “The foreign sector: a fundamental lever for recovery”. The event made it possible to emphasize how internationalization can be an important tool for companies in times of crisis. As recalled by the Minister of Industry and Commerce Reyes Maroto, it was precisely the 2008 crisis that pushed many Spanish companies to foreign markets.

With a view to creating a support tool in this sense, Minister Maroto presented in November, a platform that collects information on various services available to companies.