The Exporters Club considers the agreement for Brexit positive to the Spanish foreign sector

The Spanish Exporters and Investors Club considers the Brexit agreement signed between the EU authorities and the UK on December 24 satisfactory for Spain's interests, as it ensures the free movement of goods between the two territories and will allow Spanish products to continue to be sold on the UK market without quantitative restrictions and without paying duties.  

"This is good news for Spanish interests and is, to a large extent, a relief in a very adverse environment for the Spanish foreign sector, such as that resulting from the pandemic," said the president of the Exporters Club, Antonio Bonet.  

As proof of the close bilateral economic relations, the Exporters and Investors Club points out that the United Kingdom is the fifth largest destination for Spanish exports of goods (with almost 20 billion euros in 2019), the second largest destination for Spanish investment in the world (with a stock of more than 78 billion euros), the leading issuer of tourists to Spain (more than 18 million visitors in 2019) and the leading foreign investor in the Spanish property market. 

The president of the Exporters Club, Antonio Bonet, states that the Brexit agreement dispels the possibility of a chaotic scenario in relations between the European Union and the United Kingdom from January 1st, although customs controls will be reintroduced at the border. As regards trade in services, Antonio Bonet points out that the agreement "is not as ambitious as we would have liked".