Foreign company 24-04-2025

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Foreign Business Newsletter

Issue 4.200 – Thursday, April 24, 2025

Good morning and welcome to your Empresa Exterior newsletter. Today we highlight the latest developments in international trade and the expansion of Spanish companies around the world.

We begin with a possible shift in US-China relations. US President Donald Trump has opened the door to a substantial reduction in tariffs to Chinese products, which currently stand at 145%. However, Beijing has responded to this offer cautiously, demanding an end to the "maximum pressure" and that any negotiations take place within a framework of "equality and mutual respect." The White House, for its part, describes the current situation as "unsustainable," suggesting a genuine interest in reaching an agreement.

In other news, but continuing with the economy, Andalusia has deployed a financial shield of 2.260 billion euros to support exporting companies in the face of the tariff war. This measure seeks to protect and boost foreign trade in the region.

And in the business field, the Spanish engineering company Russula, specialized in the steel sector and industrial water treatment, has received an important award. financial support from COFIDES to consolidate and expand its projects in the United States. This support will further boost the presence of Spanish engineering in the North American market.

In addition, the company GES has announced a 52% increase in your income under construction during 2024. The company is optimistic about the future, with a significant portfolio of tenders in Spain, Europe, and Latin America, focusing on wind, photovoltaic, and battery storage infrastructure projects.

In Latin America, Prosegur Cash and Euronet Worldwide are transforming the ATM landscape Through their joint venture, LATM, the two companies are launching an independent ATM network in Peru and the Dominican Republic, with the support of major local financial institutions.

On the other hand, Eurofirms Group has consolidated its international presence in seven countries, exceeding €600 million in turnover, driven by international expansion and artificial intelligence.

Changing the subject, but without leaving the international arena, Spain celebrated the Spanish Language Day, a day in which the Minister of Foreign Affairs, the European Union and Cooperation, José Manuel Albares, highlighted the importance of this language as a global bridge for 600 million people, a vehicle for culture, science, and international relations.

Furthermore, Spain has reaffirmed its global logistics leadership at the INTERMODAL Trade Fair in Sao Paulo. Our country is positioned as a hub for international transportation and logistics, as evidenced by the 29th edition of this prestigious trade fair, which brings together industry leaders in Latin America.

In the field of international arbitration, the Artificial Intelligence It's making a strong entrance. The 2025 International Arbitration Survey, prepared by White & Case and the School of International Arbitration at Queen Mary University of London, reveals the opportunities and concerns this technology creates for the sector.

And finally, the Club of Exporters and Investors has called for the increase in European defense spending Protect global navigation. The trade organization emphasizes the importance of maritime security for international trade.

On a positive note for the agri-food sector, the Spanish cherry has conquered the Chinese market. This market opening has injected optimism into the sector, according to the FEPEX Cherry Committee. Furthermore, a slight delay in the start of this year's campaign was reported, with Extremadura expected to begin harvesting in mid-May.

That's all for today. We remind you that you can find more information and other news on our website. Thank you for your attention, and have a great day.