The president of CEOE International Marta Blanco participates during these days in the VI Summit of Investment SelectUSA 2019 in Washington DC, in order to know the opportunities of trade and investment that the United States offers to Spanish companies with the plans of the current Government. During his visit to the capital, Blanco will hold meetings with representatives of the U.S. Chamber of Commerce, the U.S. Department of Commerce, the Inter-American Development Bank or the Economic and Commercial Office of Spain in Washington, among other institutions.
Yesterday, day 10, the SelectUSA 2019 Investment Summit began, divided into three plenary and thematic sessions that cover all aspects of investment in the country. The speakers that intervene in the different days are members of the President's Cabinet, governors, senior officials and executive directors of the main companies in the country. The first day of the Summit included the Investment Academy, which covered topics such as the tax system, visas, resources and tools to develop the investment plan of companies.
Attendees (approximately 3,000 from all countries of the world) have access to a digital matchmaking system where they can request meetings with any of the people registered at the Summit. Half of the attendees are foreign investors who are part of the delegations organized by the US embassies. throughout the world and the other half are federal, state or municipal government officials and specialized investment service providers that can help them implement their US investment plan. UU
Representatives of the 50 states will be available in an area of exhibitors during the three days. In addition, this year there was an Industrial Pavilion, where attendees can find out about the state of the main industries and the emerging sectors with the greatest potential. There is also an extensive list of breakfast programs, lunches and receptions that provide the opportunity to prolong conversations in a more informal way and make more contacts. In addition, there is a specific program for startups, which will allow them to expose their specificities in a framework appropriate to their size and capacity.
The president of CEOE International yesterday held meetings with representatives of the U.S. Department of Commerce, the Inter-American Development Bank, the US Chamber of Commerce and the Economic and Commercial Office of Spain in Washington. Today, Tuesday 11, he participated in a working breakfast with the US ambassador. in Spain, Duke Buchan and, subsequently, met with members of Team Texas (TBC) -Economic Development Partnership and representatives of JobsOhio and the Economic Development Office of Virginia in Europe.
Tomorrow, the last day of the Summit, the president of CEOE International will participate in meetings with the Economic Office of New Jersey in Europe, Intersect Illinois, the Economic Development Association of North Carolina and with representatives of important companies, such as Prosegur.
According to a report by the Economic and Commercial Office of Spain in Washington, bilateral relations between Spain and the United States are good, both politically and economically. In the economic and commercial sphere there is a high dynamism of trade and investment flows, even during the years of the crisis, and much potential for deepening. High-level institutional visits between both countries have increased significantly in recent years.
The Report highlights that the United States is the main commercial partner of Spain outside the EU. This market represented in 2018 the sixth destination of Spanish exports of goods, accounting for 4.5% of the total, and is the fifth supplier in Spain: 4.1% of Spanish imports came from the USA. in 2018. In addition, the US was the first investor in Spain in 2016 (last year available), in terms of stock, with 15.8% of the total and it was also the first destination of Spanish investment, with 17% of the total. The investment position of Spain in the US is already at a value close to 80,000 million euros, indicating the bet that Spanish companies are making for this market.
In the infrastructure sector, the Spanish private sector is participating in the execution of large-scale projects and in the period 2014-2018, Spanish companies have obtained works and services contracts in the USA for a value of around 34,432 million euros , as reflected in the Report.