Photo: Government of the Canary Islands.
Trade mission and investments in the Southern Cone
The public entity Proexca The Canary Islands government has launched an intensive strategic agenda in South America, coinciding with its official visit to Uruguay. The goal is to attract companies to the archipelago. high value added sectors —such as the technology, aerospace and audiovisual sectors— that are looking for a fiscally attractive and competitive entry point to European and African markets.
La Capabilities The growth of the Canary Islands' economy and the attraction of foreign capital continue to be key pillars for the archipelago's development. During the last week, the Deputy Minister of the Presidency and President of Proexca, Alfonso Cabello, has led a major trade mission designed to project the islands as a strategic hub for the establishment of Latin American companies. This initiative has been developed in parallel with the official visit of President of the Canary Islands, Fernando Clavijo, to the Eastern Republic of Uruguay.
During the Argentine leg of the expedition, the island delegation held high-level meetings to boost the bilateral trade relationsOf particular note are the working meetings with senior officials from the Ministry of Foreign Affairs, International Trade and Worship of Argentina, specifically with the director of Investing, Javier Enrique Binaghi, and the Director of Export Promotion for Knowledge-Based Services, Creative Industries, Tourism and Sports, Carolina Bustos.
As a result of these negotiations, lucrative opportunities have been identified business opportunities and a short-term roadmap has been agreed upon. Among the imminent actions, the organization of webinars preparatory courses for the immersion program Canarias LatamTechThis initiative will allow a dozen South American technology companies to travel to the islands in September to evaluate in situ its possible implementation. Likewise, the execution of reverse trade missions focused on the areas tech and audiovisual, as well as outlining strategies to attend joint tenders in countries of the African continent.
Business forums and success stories in Buenos Aires
The effort of foreign promotion It had one of its climactic moments at the Spanish Embassy in Buenos Aires. There, the Spanish ambassador, Joaquín María de Arístegui Laborde, received the delegation for the celebration of the business forum “The Canary Islands as a competitive environment for your expansion in Spain and Europe”a meeting that was moderated by the advisor of the Economic and Commercial Office (OFECOME) from Spain in Argentina, María del Mar Serrano García.
The event exceeded expectations by bringing together fifty companies representing the sectors technological, aerospace, marine-maritime, audiovisual and, notably, the industry BiotechFollowing Alfonso Cabello's presentation on incentives and tax advantages of investing in the Canary IslandsAttendees were able to learn firsthand about the viability of this ecosystem through three successful cases of Argentine companies already established in the archipelago: Diagnostic, Quirino Awards y Rojo StudioThe later networking This led to the confirmation of future meetings in the islands to solidify new agreements. business lines.
Uruguay and the impact of the Mercosur-Europe agreement
The trade mission was a resounding success in Montevideo, where more than 70 representatives from institutions and companies participated in the forum. "Canary Islands-Uruguay: From Origin to Future"During this session, Cabello outlined the islands' potential as priority destination for Foreign Direct Investment (FDI), resolving the doubts of local investors.
Subsequent meetings confirmed the Uruguayan business community's appetite for opening branches in the Canary Islands in the short term, driven largely by the economic expectations generated by the development of the new Mercosur-Europe trade agreement.
Taking stock of this intense international agenda, the president of Proexca highlighted the great potential of the islands in foreign trade: “The Canary Islands can be seen as a platform from which to develop projects in competitive markets, and to continue expanding into the European and African markets. We were able to discuss in depth sectors such as audiovisual production, video games, public works, and civil engineering.”, concluded Alfonso Cabello.
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