Meeting of the International Relations Commission with the senior associate researcher of the Elcano Royal Institute


The senior associate researcher at the Elcano Royal Institute, Enrique Feas, has held a meeting with representatives of companies and business organizations of the International Relations Commission (CEOE Internacional). Likewise, the meeting was attended by Jesús C. Miramón García, Bankia's Director of Foreign Trade, José Eugenio Salarich, Acciona's Director of International Relations, and Pedro Fortea, General Director of Mafex, as business representatives.

The objective of the meeting, led by the president of CEOE Internacional, Marta Blanco, represented a great opportunity to discuss the challenges and opportunities that arise in international trade in the current context, as well as the importance of internationalization as a lever for the recovery of the Spanish economy.



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Unemployment assessment October 2020



Unemployment assessment October 2020



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CEOE calls for a rapid application of the agreed measures to guarantee the survival of the productive fabric and employment


The unemployment and affiliation data for the month of October reflect an apparently positive trend, which nevertheless must be analyzed with great caution.

These data, as will be seen, are deeply conditioned by the evolution of the pandemic and the heterogeneous impact of sanitary containment measures in the different sectors of activity.

Thus, unemployment grows by almost 50,000 people, mainly focused on the service sectors, with more than 30,000 more unemployed, and more than 10,000 in agriculture, for very different reasons. While the first is being deeply affected by outbreaks and sanitary restraint and containment measures, the second responds to issues of seasonality.

Likewise, the increase in affiliation by about 114,000 people is mainly focused on the education sector, with more than 135,000 more affiliates, and in the public sector, with more than 27,000 people, responding to the demand for professionals to face the Rotating and social distancing measures implemented in the education and public sectors as a whole.

This reality contrasts with the vertiginous drop in membership in the hospitality sector, with more than 85,000 fewer members, being one of the most affected by outbreaks and health containment measures, to which it also has more of 211,000 members in ERTE, and whose short-term situation is worrying or, at least, uncertain.

In this sense, it is essential to remember the importance of accompanying measures for the sectors of activity hardest hit by the effects of the pandemic and health containment measures, particularly those related to ERTE, agreed by the social partners CEOE, CEPYME , CCOO and UGT and the Government in the III Social Agreement in Defense of Employment that was translated into Royal Decree Law 30/2020, and whose figures are not yet reflected in the data made public today. These measures, aimed at guaranteeing the survival of the productive fabric and employment, require a rapid application and adjusted to what has been agreed.



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Grynspan and Garamendi inaugurate the seminar "Social impact of companies and academia"


The Ibero-American Secretary General, Rebeca Grynspan; the president of CEOE and vice president of BUSINESSEUROPE, Antonio Garamendi; the president of the Fundación Iberoamericana Empresarial, Josep Piqué; and the president of the Latimpacto Council, Pablo Gabriel Obregón, inaugurated the virtual seminar “Social impact of companies and academia. The role of companies as investors for reconstruction in the context of the Covid-19 pandemic ”. Aware of the importance of continuing to deepen regional integration and constructive dialogue in Ibero-America. The meeting aims to generate a space for debate in which to share reflections and opinions on the role of companies as social investors for the reconstruction of the Region in the context of the pandemic. The event was held within the framework of the intense program of activities carried out by SEGIB, CEIB and FIJE with a view to the Ibero-American Summit of Heads of State and Government and, on this occasion, with the collaboration of Latimpacto.

During the conference, which featured prominent representatives and experts from the public and private sectors, the impact of philanthropy and social investment on the socio-economic reconstruction of the Region and the different lines was analyzed from a business and academic perspective. of action and future opportunities for Ibero-America in the face of the unprecedented situation it is going through due to the advance of COVID-19. The CEO of the Latam de Mapfre territorial area, Arisatóbulo Baustela, spoke at the various round tables; the Vice President of Innovation and Sustainability of Bancolombia, Cipriano López; the executive director of the Votorantim Institute, Cloves Carvalho; the vice president of Telefónica Brasil, Renato Gasparetto; the director of the ESADE Spain Entrepreneurship Center, Lisa Hehenberger; the Vice Dean of the Faculty of Economics and Finance of the Universidad del Pacífico in Peru, Vicente León; the director of the Center for Social Innovation at the University of San Andrés in Argentina, Gabriel Berger; and the associate professor of Management and Organizations of INCAE Business School of Costa Rica and director of the Strachan Chair of Philanthropy and Social Investment, Andrea Prado. The two round tables, business and academic, were moderated by the CEO of Latimpacto, Carolina Suárez, and the Director of Knowledge of said institution, Alan Wagenberg.

The seminar was closed by the permanent secretary of the Ibero-American Business Council (CEIB), Narciso Casado; the head of Economy and Business of the Ibero-American General Secretariat (SEGIB), Pablo Adrián Hardy; the general secretary of the Ibero-American Federation of Young Entrepreneurs (FIJE), Antonio Magraner; and the director of Latimpacto, Alejandro Álvarez Von Gustedt.

Opening

The president of CEOE, Antonio Garamendi, highlighted in his speech the intense activity that CEIB, SEGIB and FIJE have carried out during these months to combat the pandemic and promote economic recovery. In this sense, he assured that "the companies have shown a lot, not only in the performance of our daily work, but also collaborating in the logistics and the necessary solidarity work during the Covid". A good example of this, he reported, is the project carried out by the Fundación CEOE “Empresas que Ayudan”, which has also served to value what companies and associations have been doing for society as a whole. No one can be left behind, he said, people come first and they must always be at the center of things, especially companies. For this reason, he considered, we must continue working for the future, "winning game by game", through industry, change, global, digitization and, above all, training. Garamendi stressed that the relationship between Ibero-American businessmen is growing and, therefore, it is important to send a message of responsibility, leadership and commitment to the SDGs, which undoubtedly represent the future. In his opinion, the only way to break inequalities in the Region is to promote equality for work, through job creation and public-private collaboration.

The president of the Latimpacto Council, Pablo Gabriel Obregón, explained that the main objective of this non-profit community, consists of bringing together philanthropists and social investors (foundations, corporations, investors, family offices, professional services, academia and the public sector), with the purpose of mobilizing greater capital (human, intellectual and financial) to provide effective support to organizations of purpose social, applying the principles of investment by impact (venture philanthropy). Obregón explained that Ibero-America faces a struggle to recover what the Covid has caused the Region to lose in relation to GDP, equality, employment and poverty. For this reason, he stressed, international financing, intraregional trade, new technologies and large doses of public-private collaboration are needed. It is essential, he assured, to make an effort to promote the achievement of the SDGs and promote inclusive and sustainable investments, as well as to promote systemic changes and adopt efficient public policies in the face of recovery. In this sense, he added, the business, philanthropic and academic sectors can make great contributions, promoting public-private collaboration and promoting more effective social investment. "Latimpacto was fortunate to be born with the arrival of the pandemic, in order to be able to break traditional schemes and promote change in the Region," he said.

The president of the Fundación Iberoamericana Empresarial (FIE), Josep Piqué, spoke about the importance of creating spaces for reflection, debate, joining forces and promoting transversal and efficient public policies. He insisted that "together we are great and capable, if companies collaborate with governments, administrations, the Academy and society." Piqué highlighted the importance of seeking political, economic and social consensus, always defending multilateralism to achieve common advances for the collective welfare. In this sense, he stressed that the strengthening of the Ibero-American community must be done through companies, and these must exercise a clear social role. In addition, legal security for investments must be strengthened, good business practices and corporate governance must be encouraged and promoted, and there must be fluid communication between the various stakeholders involved. Piqué underlined that the report prepared by SEGIB, in collaboration with FIE and the Euroamerica Foundation: "Latin America: an Agenda for Recovery", also insists on the need to diversify investments, establish adequate regulatory frameworks and enhance the important role that companies will have in the post-pandemic stage in the face of economic reactivation. "For all this, public-private collaboration is a fundamental factor," he said.

The Ibero-American Secretary General, Rebeca Grynspan, in turn, assured that very difficult times await us and this should make us focus on the immense work that lies ahead. The objective of this meeting is to be able to collect a series of conclusions that will be included in future recommendations that will be passed on to the Heads of State and Government at the next Ibero-American Summit, which will be held in Andorra on April 21 and 22, 2021 And, for this, the Ibero-American Business Meeting will take place previously, in which many of the issues discussed during these months of the pandemic will be addressed. For this reason, it is necessary to build a consensus agenda with the 22 countries of the Region, and to be able to do things that have a great impact on citizens. “On January 1, 2021, Ibero-Americans will wake up with a very harsh reality: with an economy that will probably be 8% smaller, with 3 million companies that may not have survived this year, and with a GDP per capita like the one that existed 10 years ago in the Region, with poverty rates like those of 2005 and extreme poverty that is very close to that of 1990; unemployment will affect practically 1 in 5 workers; informality will increase from 50% to 75%; and the middle class will be considerably reduced ”, he reported. In this sense, he considered that, given this panorama, we must make the greatest effort that we have ever made as a society, to join the public sector, companies, the Academy and the philanthropic sector. In this pandemic, there has been a revaluation of the public, he stressed, which does not mean state, but includes finishing the pending tasks of the twentieth century, which implies everything that we build together among all social actors.

Companies, he emphasized, have proven to be much more than an income statement, showing their willingness to engage in social dialogue, to rebuild the social pact that is needed and, above all, to try to re-inspire trust. "We have to trust each other, and rebuild this important value together and for everyone," he stressed. The stable and sustainable growth of the Region will depend, to a large extent, on the effort we make to avoid exclusion, and that the recovery reaches everyone equally, since “there are no successful companies in failed countries”, it is important that we all remember in the same direction. Grynspan opted to establish a new sustainable model, one that thinks about inclusion, the social development of all communities, and that contemplates a possible recovery in a shared future, but always with activism, not just optimism, he concluded.

Table of Ibero-American business leaders

The representative of MAPFRE, Aristóbulo Bausela Sánchez and CEO of the Latam Territorial Area, highlighted the public-private collaboration and the importance of joint collaboration with a view to the Ibero-American recovery and for this it is key to continue promoting investments in the region, creating and maintain jobs, invest in technology and digitization, and enhance social commitment.

For his part, the vice president of innovation and sustainability of BANCOLOMBIA, Cipriano López, quoted: "there are companies that do good as a result of good results and there are others, in which good results are the consequences of good." And in this case, Bancolombia is positioned, with the aim of becoming a bank and industry that promotes sustainable economic development and achieves the well-being of all, rebuilding social dialogue through trust.

The executive director of the Votorantim Institute, Cloves Carvalho, stressed the need to support small cities in Brazil through technical support and supply in the field of health, as well as the complementarity between public policies and the actions of companies .

The vice president of Telefónica Brasil, Renato Gasparetto, in turn, stressed the purpose of the company, which is to see digitization as a process to bring people closer together, and necessary for digital inclusion. In fact, he added, digital education in the country has accelerated during the pandemic, as a result of the effort to position the company not only as a hub of telecommunications infrastructure digital services, but also as a provider of digital services in education and health.

Table of outstanding universities in research on and promotion of strategic philanthropy and social investment and their commitment to socio-economic reconstruction

At the table oriented to the vision of academic institutions, the vice dean of the Faculty of Economics and Finance of the Universidad del Pacífico in Peru, Vicente León, emphasized the importance of research and academia as key actors in the dissemination of information, as well as the interest of young people in developing new initiatives in favor of society.

The associate professor of Management and Organizations at INCAE Business School of Costa Rica and director of the Strachan Chair of Philanthropy and Social Investment, Andrea Prado, highlighted the importance of training beyond the traditional, promoting entrepreneurship with a social or environmental impact . It is necessary, he stressed, that business schools contribute to the investment of startups in the Region, as well as training investors to integrate these concepts into their investment criteria.

Lisa Hehenberger, director of the ESADE Entrepreneurship Center, also mentioned the role of impact investing, claiming that it is “a very interesting tool, an investment strategy that invests in innovative and social companies, but that it is not the solution for everything. ”. For this reason, it was considered necessary to continue working on measuring impact and integrating this tool into investor processes.

In turn, the director of the Center for Social Innovation at the University of San Andrés in Argentina, Gabriel Berger, reinforced the idea of ​​developing a more strengthened and impactful investment ecosystem where the Academy provides research and training, this being essential for those who they demand capital and to be able to mobilize it.

Closure

The permanent secretary of CEIB, Narciso Casado, estimated that, in the face of the social crisis generated by the Covid crisis, companies must step forward as an active part of civil society, and they have already been doing so during these months with their capacity for management and mobilization of human, technical and financial resources. Organizations and companies, he considered, have been giving their skin to successfully emerge from this pandemic, and they have done so with conviction, determination, generosity, commitment and institutional loyalty. In fact, from CEIB, what has been called the "antidote to isolation" was activated, that is, information, through the weekly dissemination of informative bulletins, Newsletters and reports, which include the structural reforms that the Region needs , to the social and solidarity programs and initiatives launched by Ibero-American business organizations. Proof of this is CONFIEP in Peru, through its # BonoPerúUnido; ANDI in Colombia, through the # UnidosSomosMásPaís project; “People helping people”, promoted by 48 companies of the Costa Rican Union of Chambers and Associations of the Private Business Sector (UCCAEP); or the Solidarity Remedies of COPARMEX (Mexico).

Casado also highlighted the importance of public-private collaboration and, as an example, spoke of the alliance between CEIB and SEGIB with the main economic, political and social actors, to continue deepening the integration of the Region. The role of academia and training, he said, is also key when it comes to guaranteeing equal opportunities and inclusive growth demanded by Latin America. "We cannot allow short-term problems to become structural problems," he declared. We must regain the trust of everyone and everyone, he stressed, and bet on economic growth, job creation and social peace, which are essential for the consolidation of the post-pandemic recovery in our countries.

The general secretary of FIJE, Antonio Magraner, highlighted the importance that, today, there is already a clear social awareness on the part of companies and entrepreneurs, since they not only think about obtaining an economic benefit from their operations, rather, they seek to go further, through the social impact they may have and always seeking the inclusive development of society. "If a company does well, its environment does well," he said. Magraner also highlighted the importance of forging alliances and promoting any type of collaboration, whether public-private or between companies or organizations, to make "More Iberoamerica" ​​and build a more sustainable future.

The director of Latimpacto, Alejandro Álvarez Von Gustedt, especially emphasized that, despite the bleak outlook currently being presented in Latin America, it must also be borne in mind that there are very committed actors, investing capital in the Region and making their daily work, both in the field of companies and in the Academy. Álvarez insisted on the ultimate function of the Latimpacto Foundation, which consists of connecting knowledge and being able to transfer it to other regions and act as a multiplier platform for alliances, in order to collaborate, combine good practices, and all together cause a greater social impact.

The head of Economy and Business at SEGIB, Pablo Adrián Hardy, assured that "neither governments, companies, nor the Academy alone can meet the demand that Latin America has and will have in the short term." Precisely for this reason, he stressed, events like this are the ones that will help to reach the next Ibero-American Summit, which will be held at the end of April 2021 in Andorra, collecting a series of recommendations that will be useful to governments to help the Region, and among which those reached in this seminar will be included.



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CEOE Internacional participates in the BIAC Trade Committee meeting


The President of CEOE Internacional and Vice President of the Business at OECD Trade Committee, Marta Blanco, has participated in the Business at OECD Trade Committee. The meeting discussed trade and climate change, and served as an opportunity to prepare for future meetings and the Trade Committee of the OECD.

The following fundamental aspects stand out from the intervention by Marta Blanco:

· Multilateral or bilateral agreements can contribute significantly to the fight against climate change, by eliminating tariff and non-tariff barriers on ecological goods and services.

· Trade can do a lot for the climate, but it should not replace environmental policy in the fight against climate change.



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CEOE participates in a conference on the housing situation in Spain after COVID-19 together with the College of Registrars


CEOE has participated this Tuesday in the webinar organized with the College of Registrars of Spain on "Post-COVID-19 housing in Spain."

The introduction has been given by the Dean President of the College of Registrars, María Emilia Adán, and the president of the CEOE's Infrastructure and Urban Planning Commission, Juan Lazcano, who has highlighted four key issues for the sector in the current situation: problems of access to housing for young people, urban legal security, the establishment of reference prices in the market and public-private collaboration.

During the day, the present moment of public and private housing was also discussed by the general director of Housing and Land of the Ministry of Transport, Mobility and Urban Agenda, Francisco Javier Martín; as well as the manager of the Association of Public Housing and Land Companies of Spain, and the director of the Study Service of the College of Registrars of Spain, Juan Luis Gimeno, who was in charge of closing the day.



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CEIB, SEGIB and FIJE close the MERCOSUR Virtual Business Round


The general director of CEOE Internacional and permanent secretary of CEIB, Narciso Casado; the head of Economy and Business at SEGIB, Pablo Adrián Hardy, and the institutional vice president of FIJE and director of AJE Uruguay, Matías Fernández, closed the MERCOSUR Virtual Business Round, which was held from October 28 to 30. 400 entrepreneurs from more than 11 countries in Latin America and Europe participated in it, with the aim of generating greater business opportunities and strengthening Latin American companies through the internationalization and consolidation of the business fabric, seeking in this way the reactivation economic block in the post COVID-19 phase. These sessions try to connect business representatives who intend to sell or import services and products from and abroad, as well as generate business with businessmen from other countries with the same intention.

The permanent secretary of CEIB, Narciso Casado, highlighted during the closing ceremony the commitment of all institutions and companies in the development and economic recovery of the Ibero-American region. And this happens, he assured, to reduce its dependence on third markets and support its growth in promoting interregional trade, one of its structural problems compared to other regions such as Asia or Europe. In this context, Casado mentioned, both Latin America and MERCOSUR have great potential and advantages inherent to the Region, such as: talent, common language and culture, in addition to their own business synergies. And this Business Round is an excellent example of this, he considered.

However, in order for this potential to be exploited, he pointed out, SEGIB, CEIB and FIJE have worked to correct another of the structural problems that the Region is dragging, and that is the productivity of their companies. Element, he added, that constitutes a strategic element for companies, since it results in the efficiency and competitiveness of the business ecosystem, and this in turn is transferred to the economy and social welfare of a country.

Más Iberoamérica, a firm commitment to the Region

For this reason, Casado pointed out, through the various summits, forums and dialogues that the 3 institutions have organized over the last few months, a diagnosis has been made of the business communities of the Region and of the main problems they cause. This work, he reported, is included in a report entitled “More Iberoamerica. A firm commitment to the Region ”, which will be released soon.

In the document, he stressed, the need to promote investment in infrastructure is highlighted due to the fundamental role they play in promoting territorial cohesion and greater equality of opportunities; and it also highlights the importance of promoting international and interregional trade, ensuring the continuity of global supply chains, as a lever for the recovery of our economies. And, according to Casado, interregional trade is the main integrating and development vector. In fact, he pointed out, in the case of Spain, the foreign sector represents 34% of its GDP, while the value of foreign investment in the European Union represents around 40% and 16 million jobs depend on it.

On the other hand, the report prepared jointly by the three institutions insists on the need to guarantee legal certainty, key when it comes to generating credibility and attracting and retaining investments, as well as a more flexible regulatory framework adapted to changes. and reality of the economy; in promoting reindustrialization to generate quality and better paid employment; promote innovation and digitization of the productive fabric, especially of small and medium-sized companies and the public administration; establish and promote consensus and social dialogue, to reach agreements that facilitate a prompt exit from the crisis; and to strengthen public-private collaboration, placing special emphasis on the need for cooperation and complementarity of the economies of the Region, and less on competition.

On this last point, highlighted the permanent secretary of CEIB, “it is essential to improve political and economic relations regarding the exchange of resources, technology, knowledge and information, relying on experiences and knowledge acquired by each of the countries, and build a more united and cohesive Ibero-America and a more integrated MERCOSUR ”.

The report, according to Casado, also includes the idea of ​​promoting the training and retention of talent, an issue of great relevance for young entrepreneurs in the Region. In this sense, he suggested enhancing education and training, adapting it to current market needs. It also made available to all attendees the communication tools that CEIB has implemented, in order to bridge the gap between countries, share information and learn about the latest economic and commercial data in Latin America.

Along these lines, Casado reported, the Business Council has made “Covid Bulletins” available to the Ibero-American ecosystem, which are sent to all agents with interests there; a Newsletter that collects issues of interest to the Ibero-American community; a series of reports on digital transformation, open innovation, the orange economy or global value chains, among others; and a multitude of meetings, seminars and forums have been held, organized by CEIB, in coordination with SEGIB and FIJE, in order to find possible solutions to overcome this and other future crises. "All this so that, in our societies, entrepreneurs can display their greatest potential, since the MERCOSUR market presents enormous potential for Ibero-American companies and for the diversification of their value chains," he said.

The permanent secretary of CEIB concluded his speech with a series of concepts, which perfectly define the objectives of business organizations, entrepreneurs and companies, and can be applied to almost everything, especially in these difficult times. He defined them as the 12 "is": Company; Job; State; Efficiency; Education; Equity; Effectiveness; Evaluation, something that entrepreneurs do constantly in their day to day; Success; Excellence; Stability; and Spirit. And all this, he pointed out, is not a one-day job, but a work of continuity, effort, enthusiasm and determination, to materialize the commitments of the business sector and the public sector together, on issues relevant to the economic and social development of MERCOSUR .

SEGIB's head of Economy and Business, Pablo Adrián Hardy, highlighted the importance of this event in order to create more community and strengthen ties on both sides of the Atlantic. He also highlighted the importance of supporting SMEs, which represent 95% of the productive fabric of the Region, and helping them in their innovation processes, so that they can actively participate in the global process. He also highlighted the work on the digitization of SMEs, which has proven to be most useful considering the context in which we are, since it represents an important factor of competitiveness, a key element when it comes to integrating into global chains of value. Open innovation, he stressed, is another of the lines of work that have been launched, thanks to the joint collaboration between CEIB, SEGIB and FIJE, and which has turned out to be a great success. Finally, he mentioned the need to provide companies with the necessary instruments to be able to face this crisis and highlighted the importance of establishing appropriate public policies to alleviate the consequences of the pandemic in the Ibero-American space.

The institutional vice president of FIJE and director of AJE Uruguay, Matías Fernández, in turn, agreed with Casado and Adrián in praising the joint work that the three institutions are carrying out, and valued the unity of organizations and companies to bring businesses closer together and create more community. During these days, he assured, the main objective was to do more Latin America, through business and networking that, in fact, have turned out to be very productive in the face of the economic recovery in the Region. The training and retention of talent, as the permanent secretary of CEIB has already underlined, will be key elements for the cohesion, unity and resilience of societies in the Ibero-American space, Fernández pointed out.



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CEOE calls for reducing uncertainty and favoring the adaptability of companies so as not to put their survival at risk


The GDP results for the third quarter show a significant recovery in activity compared to the second quarter, thanks to the gradual return to normality and the lifting of containment measures.

The increase in GDP (16.7% quarter-on-quarter) compensates for part of the fall registered in the second quarter (-17.8%) and is compatible with CEOE's forecasts for the year as a whole of -11.5%, since that in the fourth quarter there are clear signs of less dynamism in activity and growth for this period is expected to be revised downwards.

In year-on-year terms, the drop in GDP stood at -8.7%, compared to -21.5% in the second quarter. Both domestic and foreign demand improve significantly, although their contribution remains negative. Specifically, the contribution of domestic demand is -7.8 percentage points, 11.0 points higher than in the second quarter, while foreign demand presents a contribution of −0.9 points, 1.8 points higher than last quarter.

From the point of view of domestic demand, the increase in household consumption (20.7% quarter-on-quarter) and the notable improvement in business investment stand out, with an advance of 37.4% quarter-on-quarter, once again at pre-crisis levels . However, there has been a stagnation in the path of improvement in the expectations of companies and consumers in recent months, so it is essential to reduce uncertainty, favoring the business climate and the ability of companies to adapt to the new context, to achieve consolidate recovery.

On the foreign sector side, the significant increase in exports stands out, fundamentally in its goods component, since the services component continued to be greatly affected by the collapse of the inflow of tourists and stands at levels almost 75% lower to those of the previous year. The foreign sector can be a lever for recovery, as it has been in previous crises, so those measures that favor the internationalization of the Spanish economy and competitiveness must be carried out.

All sectors have increased their activity sharply compared to the previous quarter, although only agriculture, financial and insurance activities and Public Administration, education and health, which had suffered less in the second quarter, managed to register positive interannual rates.

The increase in hours worked (24.7% quarter-on-quarter) reflects more clearly than other statistics the effect on employment of this crisis, regardless of the contractual and / or administrative situation of the workers. In year-on-year terms, they still stand at -6.2%, which is consistent with the drop in GDP of -8.7%, but assumes that productivity per hour actually worked registers a year-on-year drop of -2.7%.

Unit labor costs and compensation per employee continue to show progress (4.6% and 1.0%, respectively). From this it follows that a decoupling of labor costs may be taking place in relation to the real situation of the labor market.

The contraction of the gross operating surplus continues (-7.0% year-on-year), after falling by -22.4% in the previous quarter, reflecting the dramatic situation of companies and the difficulties that persist. In this sense, it is necessary to maintain and intensify the measures to support the productive fabric so as not to put its survival at risk, since it is vital to consolidate recovery and preserve employment.



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CEIB participates in the 5th edition of the Global Youth Leadership Forum


The general director of CEOE Internacional and permanent secretary of CEIB, Narciso Casado, spoke at the 5th edition of the Global Youth Leadership Forum (GYLF), which is being held these days in Santander, under the slogan “Towards a Sustainable Globalization process for the century XXI ". Today's conference, titled “More Iberoamerica” and moderated by the general director of GYLF, Giogiana Martínezgarnelo, also participated the general director of SMEs and Entrepreneurship of SEGIB, Esteban Campero, and the undersecretary for Latin America and the Caribbean of the Secretariat of Foreign Relations of the Government of Mexico, Maximiliano Reyes.

During this forum, which began on Monday 26, representatives from all regions of the planet participated. At the opening session, the Commissioner for the Promotion of the European Lifestyle, Margaritis Schinas; the president of the government of Cantabria, Miguel Ángel Revilla; the councilor of Santander, Noemí Méndez; and the president of the Forum, Jacobo Pombo. The event was attended by, among others, the Ibero-American Secretary General, Rebeca Grynspan; the Minister of Defense of the Government of Spain, Margarita Robles; the Minister of Education, Isabel Celaá; his counterpart in Innovation, Pedro Duque; and the Secretary General of the Organization for Economic Cooperation and Development (OECD), José Ángel Gurría. At the closing of these days, the Minister of Foreign Affairs, European Union and Cooperation of the Government of Spain, Arancha González Laya, and the Mayor of Santander, Noemí Méndez, among other authorities participated.

Resilience, social dialogue and public-private collaboration

The permanent secretary of CEIB and general director of CEOE Internacional, Narciso Casado, highlighted that, since the beginning of the pandemic, both the Ibero-American Business Council and SEGIB have been working on “a roadmap that allows us not to only to resist this crisis, but also to provide solutions, moving forward in the face of adversity and demonstrating a great capacity for resilience ”. In this sense, he assured that the title of the panel “More Iberoamerica” is not a coincidence, but also represents the commitment of institutions such as CEIB, SEGIB and FIJE (Federation of Ibero-American Entrepreneurs), with companies, workers, society, and with the future of our Region. The motto, he explained, emerged in the middle of the pandemic, and has remained as a corporate identity and as a mark of many of the joint actions that have been carried out. “Más Iberoamérica” is a reality in which we must work every day, in order to achieve a more prosperous, cohesive, innovative, sustainable and inclusive Ibero-American space, he stated.

Casado insisted that, to achieve these objectives, it is crucial to bet on committed leadership, defend social dialogue, and try to build a new social pact that allows us to contemplate a more promising, fair and resilient future. In these months, he noted, it has been possible to see how companies have gotten the best of themselves when offering solutions, through the implementation of solidarity initiatives and collaboration with public institutions. "This crisis has valued the importance of public-private cooperation, placing it at the center of all policies, and guaranteeing the survival of the most vulnerable sectors and the most affected groups," he said.

The permanent secretary of CEIB recalled a reflection by the Ibero-American general secretary that perfectly defines this unprecedented situation, and that is that “when we thought we had all the answers, all the questions changed”. The crisis has served to demonstrate, he stressed, that in exceptional situations exceptional responses are required, and this has been precisely what companies have shown, managing to maintain hope in the midst of the pandemic and betting on digitization, innovation, investment in research, science and technology, taking into account the productive chains and access to new markets. "Values ​​such as unity, solidarity and regional cooperation have been and will be essential to achieve inclusive and sustainable growth in Latin America," he considered.

Casado also stressed the importance of being more preventive and proactive than reactive in the face of this and other future crises, and mentioned one of the main problems that Ibero-America already had before the pandemic: productivity. Therefore, he insisted, the CEIB considers it essential to promote intra-regional trade as one of the great pending issues, since, in Latin America, it only accounts for 16.8%, compared to other regions, such as Europe and Asia, where it is between 60 and 70%. In addition, the set of exports and imports of barely account for 7.12 and 7.21% of the world total and the volume of trade in Latin America falls by 23%, compared to 17% globally, according to data from ECLAC last August. These are the worst figures in the last eighty years, said Casado, and this implies making joint efforts to recover the integration agenda, strengthen regional value chains and strengthen intra-regional trade, which is undoubtedly key in this scenario.

Faced with this panorama, the CEIB representative guaranteed that collaboration is the only way out. “It is time to join forces, to invest, to bet on sectors with high added value. In short, make everything add up ”, he considered. It is also important, he stressed, to defend values ​​such as multilateralism, freedom and progress, fair and inclusive work, development, the strength of institutions, transparency, legal security, international trade and the fundamental values ​​of democracy. .

Infrastructures

Another priority factor to increase productivity in the Region, he mentioned, is the firm commitment to the development of infrastructures, both physical and digital and, for this, perfect coordination between public and private investment is required, as well as greater involvement of development banks to solve investment gaps. In this sense, he also highlighted the importance of the sectors with the highest added value, especially as a result of the pandemic, such as open innovation and the Orange Economy, the latter better known by the name of creative industries and its 7 I's: information, institutions, industry, infrastructure, integration, inclusion and inspiration, which sound a lot like business, the women and men who create them and make them grow, and the environment of business organizations.

Casado also highlighted another type of infrastructure for the Region, and that, in his opinion, is the most important: human infrastructure. He referred to training, training, education and above all to talent retention. At CEIB, he added, we consider that investment in human capital is essential for our societies, and should represent a priority for public policies and a long-term challenge.

By way of reflection, the permanent secretary of CEIB closed his speech with a series of concepts that perfectly define the world of business organizations, entrepreneurs and companies, and can be applied to almost everything, especially in these moments so complicated. He defined them as the 12 "is": State; Efficiency; Education; Equity; Effectiveness; Evaluation, something that entrepreneurs do constantly in their day to day; Success; Excellence; Stability; Spirit; Company and Employment. Reaching these goals, he concluded, is not a one-day job, but a work of continuity, effort, enthusiasm and determination, to do more Latin America and build a more prosperous, integrated, innovative and sustainable space.

In turn, the head of SMEs and Entrepreneurship at SEGIB, Esteban Campero, agreed with Casado by pointing out the intense activity that the Ibero-American Secretariat has carried out in recent months, together with CEIB and FIJE, to provide effective solutions to the crisis and contribute to the development of the Region. Campero considered that Covid can affect everyone equally, but not everyone will suffer the consequences in the same way, and Ibero-America is a clear example of this. In this sense, he mentioned some of the priorities to take into account for the sustainable growth of the area, among which are a greater support for SMEs, which represent 99% of the productive fabric of the Region; the relocation of global value chains to gain competitiveness; the importance of fostering and driving digital transformation; the development of infrastructures; strengthen public-private collaboration; and to bet, as Casado mentioned, to establish entrepreneurial ecosystems and promote open innovation and other sectors with high added value.

Measures against Covid in Latin America and the Caribbean

The undersecretary for Latin America and the Caribbean of the Ministry of Foreign Relations of the Government of Mexico, Maximiliano Reyes, for his part, focused on the current context in Latin America as a result of the crisis generated by the Covid. In fact, he reported that from 2019 to 2020, people in extreme poverty have increased from 67 to 88 million and added that the population that is in a vulnerable situation has increased by 30 million during the same period. Reyes explained that Latin America is the most unequal region in the world, taking into account that 10% of the population accumulates 71% of the wealth that is generated and only pays 5% of its income, compared to other areas such as States United where this figure reaches 14% or Europe that can reach up to 20%.

Despite the delicate situation generated by the Covid, highlighted the representative of the Mexican government, the pandemic has also created great opportunities. In fact, taking into account the situation that previously existed in the Region, three important measures were adopted, aimed at alleviating the effects of the crisis. Among them, Reyes assured that a taxation that can reach up to 3% will be applied for the great fortunes of the Region; interest payments on the outstanding debt of Latin America and the Caribbean will be forgiven this year; and it is established that multinational companies reinvest their profits (not their profits) in the Region. All this, he said, would help generate new resources and could alleviate poverty, inequality and unemployment. In other words, these and other possible measures could contribute to the sustainable and inclusive development of the Region, in order to make “More Ibero-America”.

Global Youth Leadership Forum (GYLF)

The Global Youth Leadership Forum (GYLF) was born in 2016 with the aim of becoming a forum for debate and discussion where international leaders, experts, businessmen, representatives from different countries and international organizations meet with young leaders with outstanding profiles in their different areas of action, generating a single propositional framework that welcomes a serious, rigorous and firm debate in the search for solutions to the main problems facing the international community. This edition analyzed the main challenges that will have to be faced in the coming years, as well as the challenges to consolidate a sustainable globalization process. Along these lines, three fundamental issues were addressed, which are the Inclusive Economy / People's Economy, the Green Deal / Ecological Transition, and the Technological Revolution

The GYLF has been conceived with a permanent and inclusive vocation, forming a great international forum for debate on the main challenges that the world will have to face during the 21st century. For this, the Forum wanted to involve in this proposal the largest possible number of countries, regions, international organizations, civil associations and companies, giving rise to a rich, plural, inclusive and decisive space.



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The vice-president of CEOE speaks at the meeting of the OECD Ministerial Conference, chaired this year by Spain


On Wednesday, October 28, the meeting of the OECD Ministerial Conference (MCM) was inaugurated, an annual meeting, and the largest organized by the institution, whose rotating presidency falls this year on Spain.

Given the exceptional circumstances that occur, the 2020 edition of the MCM takes place virtually on October 28 and 29, as a culmination of the preparatory work that has taken place throughout the year through the different ministerial round tables that have been celebrated between the months of June and September. These preparatory works have allowed an exchange of opinions and experiences on the COVID-19 crisis and the preparation of the recovery from three complementary perspectives in terms of macroeconomic policies, employment and inclusion policies and environmental policies.

The MCM addresses the issues raised above and other complementary perspectives, including the position of developing countries and a gender perspective on recovery. During the MCM all these elements are brought together to help governments shape national and international policies for a strong, resilient, ecological and inclusive recovery in the OECD member countries.

The President of the Government, Pedro Sánchez, inaugurated the opening ceremony of the Ministerial Meeting, accompanied in this session by the Secretary General of the OECD, Ángel Gurría, the Secretary of State for Global Spain, Manuel de la Rocha, the vice presidencies of Chile, Japan, New Zealand, and the Secretary General of the United Nations.

After the opening, two workshops were held on the theme of the road to recovery. The CEOE vice president, Íñigo Fernández de Mesa, spoke during the session chaired by the third vice president of the Government and the Minister of Economic Affairs and Digital Transformation of Spain, Nadia Calviño, on “Recovery plans: search for sustainable fiscal and monetary stimuli; integration of social and environmental dimensions for a more sustainable, resilient and inclusive future.

Íñigo Fernández de Mesa expressed the support of the business community for governments and emphasized the importance of public – private collaboration to face the current crisis. He highlighted the need to put the business community at the center of the recovery, as the fastest way to accelerate it. The private sector supports the measures implemented by governments to deal with the crisis, through strategies for job retention, tax moratorium or support to the banking sector to refinance the economy.

On the other hand, he highlighted as the main concern the rapid increase in the countries' debt and the high level of deficit, insisting on the importance of reducing uncertainty through public strategies that put public finances in order while the strategies do not put too much tax pressure. In the short term, support measures to increase growth and employment must be implemented.

Finally, it was discussed how the private sector considers that it is time to advance in policy options that promote innovation, increase health resilience as well as productivity. Promoting digitization and fostering transformation to greener economies can pay double dividends: they help us seize opportunities today, which will have a multiplier effect later.



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