CEOE International and the Estonian Ambassador to Spain analyze the importance of strengthening the European single market

A country with trade openness and foreign investment

Likewise, at a bilateral level, the need for greater knowledge between the business fabrics of both countries and the business opportunities and business collaboration that Spain and Estonia offer was highlighted.

The president of CEOE International, Marta Blanco, has met with the Estonian ambassador in Spain, Andres Rundu. During the meeting, in which the second chief in charge of Political and Economic Affairs also participated, Marlen Rein, the international context and current challenges and priorities such as reconstruction of Ukraine and the importance of reinforcing the single European market.

Likewise, at the bilateral level, the need for greater knowledge between the business fabrics of both countries and the business opportunities and business collaboration offered by Spain and Estonia. In this sense, the sector of the digitalization, in which there are various opportunities for start-ups and companies related to the digital ecosystem through the e-Residency program or the railway where the project stands out Rail Baltica. Reference was also made to the importance of connectivity to increase business relations between both countries.

The stock of Estonian investments in Spain was 43,33 million euros, concentrating entirely on real estate activities

Finally, lines of collaboration between both institutions were identified, which include various initiatives in the Spanish Autonomous Communities.

Estonia is a country whose GDP stood at 2022 billion dollars in 38.100 and which has high growth potential, due to its trade opening and foreign investment. Bilateral trade registers a traditional surplus in favor of Spain, reaching record figures in 2022 with exports of 327,10 million euros, thus increasing by 23,63% compared to the previous year, and imports of 183,81 million euros. assuming an increase of 28,97% compared to 2021. Regarding investment, the stock of Spanish investments stood at 2021 million euros in 17,64, mostly directed towards the food industry. The stock of Estonian investments in Spain was 43,33 million euros, concentrating entirely on real estate activities.

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