Economic journal of Spain's foreign business
The heads of the IEA, the IMF, the World Bank Group, and the WTO issued a joint statement following their meeting on July 7. They warned that, despite global economic resilience, the effects of the conflict in the Middle East continue to generate significant uncertainty in energy markets and supply chains.
The International Monetary Fund has revised its forecasts for the Solomon Islands, projecting a significant slowdown in growth and an increase in inflation by 2026. The organization attributes this deterioration to the collateral effects of the crisis in the Middle East, which contrast with the strong economic performance recorded in 2025 thanks to exports of gold and agricultural products.
The European Union and Mexico signed their Modernized Global Agreement on May 22, which will liberalize almost all trade. However, its entry into force depends on a complex parliamentary ratification process, although the early implementation of its trade clauses is anticipated.
The WTO, in collaboration with the Islamic Development Bank and the Arab Monetary Fund, has launched a study to guide Arab economies through their accession process. The report analyzes the challenges and best practices for integrating into the multilateral trading system.
NEW FINANCIAL HUB IN THE EURO-ASIAN CORRIDOR The Central Asian country has inaugurated a new international financial territory designed to attract foreign capital through an ambitious 49-year tax exemption policy, governed by common law. With its sights set on 2035, the project aims to consolidate the arrival of 4.000 multinational companies and… Read more
WTO Director-General Ngozi Okonjo-Iweala opened the WTO Chairs Programme Annual Conference, urging greater dialogue with the academic community. The aim is to generate innovative ideas for modernizing the multilateral trading system in the face of current geopolitical and economic challenges.
The European Union has officially suspended common customs tariff duties on certain fertilizers. The measure, outlined in Regulation (EU) 2026/1181, also establishes new tariff quotas and will remain in effect until May 31, 2027.
Since July 1st, the European Union has implemented the second and final phase of its reform for the protection of industrial designs. This update completes the modernization of the legal framework, aiming for greater adaptation to the needs of the current market.
The European Commission has launched an antidumping investigation into imports of alkaline manganese dioxide batteries from China. The aim is to determine whether unfair trade practices are harming the EU industry.
The governments of Mexico, the United States, and Canada have concluded the first joint review of the USMCA, agreeing to keep the treaty in force until at least 2036. The decision, anticipated by the private sector, provides certainty and strengthens the region's economic integration.
AI in the foreign trade