Welcome from the Chief Executive Officer of ICEX – Invest in Spain, Francisco Javier Garzón Morales
As Chief Executive Officer of ICEX, España Exportación e Inversiones, I would like to thank the Institute of Export, together with UK Trade & Investment Spain and UK Export Finance for the opportunity to participate in this edition of IOE Doing Business in Spain Guide.
We are certain that this guide provides useful essential information for British companies to assist them in developing their business interests in Spain and offers a unique opportunity to the business leaders, who are actively seeking out service providers.
The Spanish government is aware of the vital importance of investment flows for our economy to consolidate its growth. We are committed to making Spain an easier and better place to invest in. ICEX, through the practice area Invest in Spain, is the State Owned Company in charge of fostering foreign direct investment into Spain and offers its specialised services to foreign companies interested in setting up its facilities in our country.
Investment prospects from UK are easy to highlight. UK ranks at the top of the European Union in terms of outward foreign direct investment and it is the fifth country for Spain’s inward foreign direct investment stocks, with 10% of the total, following US, Italy, France and Germany. In terms of annual investment flows, last available year gross investment flows from UK to Spain reached 1.600 million euros. Moreover, in the context of the current Spanish economic growth, the economic relations between both countries have intensified in terms of trade and tourism.
While the IOE Doing Business in Spain Guide should not be regarded as offering a complete explanation of investment issue in Spain, we, at ICEX hope readers will use the guide as their first point of reference to get some insight into the endless possibilities the Spanish market has to offer to UK enterprises.
Therefore, we should exert our full efforts to sustain this comprehensive and useful tool for British companies interested in expanding their foreign business to our market.
I certainly hope that this initiative fully achieves the greatest possible success.
Francisco Javier Garzón Morales
Chief Executive Officer of ICEX, España Exportación e Inversiones (Invest in Spain)
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