The Government invites Madrid to 22 US companies to invest in Spain

It is not usual to see King Felipe VI, Pedro Sánchez and four minister deploying his best commercial skills to sell Spain to foreign companies. This is what will happen next Monday in Madrid, at a business summit organized by the government behind closed doors in which it will hold face to face with large international companies with the aim of capturing investments. Another of the particularities of the meeting is that the government has turned American companies into large guests. It does it despite the deterioration of diplomatic relations with the United States and after the cold encounter a few days ago in Washington between the Minister of Economy, Carlos Body, and the US Treasury Secretary, Scott Besent. According to Economics sources, the Ministry of State for Commerce and ICEX have invited 22 US companies to the Invest in Spain Summit that will celebrate Monday in Madrid. The chosen place has been the Casino, next to the Canalejas center, in the section of Alcalá Street that now represents the luxury left by the great fortunes in the city. The moment is conducive to presenting to investors the good economic prospects of Spain, becoming the most growing economy of the euro zone and one of the two mains of the world to which the IMF has not reduced its growth prospects for the tariff crisis. Six Chinoseel companies will also attend Group of American guests will be by far the most numerous, above any other nationality. The representatives of six Chinese companies will also arrive in Madrid, most of them dedicated to the value chain of the car, to participate in these closed doors called B2G (Business to Government). This formula, in which the government sits with large investors to open the country’s administrative doors, is the one that is being imposed internationally to attract large investors. The Government has mobilized the Ministers of Economy, Carlos Body; of industry, Jordi Hereu; Ecological transition, Sara Aagesen, and digital transformation, Óscar López, to interact with investors. Lee also Andy Robinson if 28% of guests are Americans, they argue from economics, it is because the investment stock of this country in Spain is still very high, of more than 100,000 million euros, and their investments are highly appreciated in areas such as technology. There are also ten Japanese guests, five Germans, five British, four French, four Swiss, three Australians, two Canadians and two Italians. Of the 75 companies in total, twelve are dedicated to information technologies, eleven to automotive, ten to life sciences and eight to energy. There are no invited Israeli companies, although some dedicated to defense, despite not having been cataloged as such. There are aerospace, aeronautical and industrial ones. The Ministry of Economy resists names, often because it is the companies themselves that demand discretion. Without Israeli companies, but Defense of the Government is aware that the meeting is held at a time marked by important challenges, between tariff tensions and structural changes in world commercial relations. The Ministry of Commerce makes a “constant monitoring” of the tariff crisis and is contacting export companies. He also works in the government’s plan to make available to the most exposed to the United States credits for 14,100 million euros. It is also carrying out a special monitoring through the ICEX office in Washington and five working groups have been created that meet with the representatives of the sectors more exposed and the autonomous communities.

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