The Exporters' Club asks the Government not to deteriorate the Spanish business environment abroad
The Spanish Exporters and Investors Club, in view of the data published on the decrease in exports of goods from January to September, requests the Government not to deteriorate the business climate for Spanish companies with international activities.
According to the data released by the Secretary of State for Trade, Spanish exports of goods have fallen by 12.6% between January and September, which means a greater reduction than the average for exports from the European Union over the same period. Exports in the EU have contracted on average by 10.5% and in the euro zone by 11.2%.
The President of the Exporters and Investors Club, Antonio Bonet, has shown particular concern about the fact that Spain is losing market share in world trade.
The Exporters' Club stresses that exports of goods are performing worse than the GDP as a whole, which has fallen by 10.5% between January and September, according to data from the National Statistics Institute.
While waiting to see the data for the last quarter, the Exporters' Club points out that the slight fall in goods exports in September (-0.9% compared to the same month last year) could mark the beginning of the recovery of the Spanish foreign sector, although it is still too early to define a clear trend.
In this context, the Exporters' Club is calling on the government not to introduce regulatory changes that could discourage Spanish companies from engaging in international activity. "We are asking that the limitation on exemptions on dividends and capital gains obtained by subsidiaries of Spanish companies abroad be removed from the General State Budget, and that the labour framework not be modified", stated its president, Antonio Bonet.
Likewise, the Exporters' Club believes that the Recovery, Transformation and Resilience Plan drawn up by the Government should give more importance to the area of business internationalisation. "In the 2008-2012 crisis, the foreign sector was the driving force behind the recovery of the Spanish economy, and although the circumstances are now different, we are convinced that companies with international activity can contribute to GDP growth if they receive the right stimuli".
By geographical area, exports to Asia are recording the best results so far this year. In view of this reality, the Exporters' Club recommends that companies explore Asian markets more carefully and encourages the public administration to devote more resources to supporting Spanish companies on that continent.
