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Emergency Plan against COVID 19 in support of the internationalization

The management of the health crisis has forced the Covid-19 to extreme measures of confinement of the stay in global activity which will result in a fall ofGDPunprecedented in 2020. This is a global crisis and exogenous will affect all countries, but with a differential impact on the basis of their productive structures and areas of expertise of each country.

The world trade is undoubtedly one of the main victims in this crisis, with a fall in global flows that, according to theIMFit will develop an 11.9 per cent in 2020. For its part, foreign direct investment (FDI) will suffer severe declines both in 2020 in 2021, thereby generating strong competition in the future recruitmentFDI.

In Spain, the fall of foreign trade will be particularly severe in part owing to the volume of exports of tourist services and motor industry, which has led to register a current account deficit, unlike the surplus in the same period last year.

The secretariat of state for trade has taken steps to be close to exporting companies during the pandemic and has managed to adapt in a short time a large part of its instruments to the current context with the objective of mitigating the impact of the crisis on the sector, with special attention to theSmes. All these measures are included in theEmergency Plan against Covid-19 in support of the internationalizationincluding:

  1. ProceedingsSPANISHand the network of economic and trade offices:
    1. SPANISHhas eased the conditions of participation in programmes and/or activities affected by the pandemic: with the theme“ No pairs,SPANISHit is at your side ”throughout his offer adapted to the online version With the initiative.# JUNTOSMÁSLEJOSin collaboration with the spanish chamber of commerce and CEOE will launch a single access point and virtual.
    2. Promoting the image of Spainassociated with competitiveness and productive excellence, to prevent an eventual economic deterioration and to strengthen the impact of COVID-19,SPANISHhas launched new strategies for communication and image that strengthen the traditional ones. In addition, it will strengthen the instruments of communication in the destination of the Economic and trade offices (social networks and profiles).
    3. SPANISHInvest in Spainis strengtheningstrategyaftercarein collaboration with the Territorial Directorates and provincial agencies Trade and investment attraction regionalNATIONAL.
    4. In addition, thenetwork of economic and trade officesthe secretariat of state abroad being made to a rapprochement to markets through specialized webminarios and adaptation of supply of personalized service, among others.
  2. Strengthening, deregulation and dissemination of the financial instruments of support for the international market:
    1. FIEM: access to financing by increasing the funds available, as well as new products and increased support for theSMES.
    2. CESCEit has strengthened access to liquidity to spanish companies with a line of the risk of amount of risk undertaken up to eur 2 billion, as well as access to credit for spanish companies more flexible, expanding the coverage and launching new products.
    3. COFIDES“ the mechanismfast track” for postponement of assessments of debts of businesses affected by the crisis.
  3. To maximize the opportunities offered by trade agreementsEU:
    1. Looking for a betteruse by businesses of opportunities for 72 trade agreementsEU, facilitating privileged access to third markets and thus geographical diversification of the external sector reducing dependency on theEU.
    2. Keeping markets open, influencing theEUand in multilateral forums such asWTO,OECD,UNCTADthe G20, and to risks of protectionism and preference for desatados national consumption by the crisis in COVID-19.

Emergency Plan against COVID 19 [PDF] [2.5 Mb]