Economic journal of Spain's foreign business
The European Commission has published its long-awaited proposal to reform the EU Emissions Trading System (EU ETS). The initiative, presented on July 17, outlines the system's roadmap for the remainder of the decade and beyond 2030.
Image: © European Union 2026 EUROPEAN PARLIAMENTARY MISSION TO BEIJING AND SHANGHAI A delegation from the European Parliament's Committee on Foreign Affairs, headed by David McAllister, concludes a three-day official visit to the Asian giant to demand economic reciprocity, address the governance of artificial intelligence and urge Beijing to exercise its… Read more
The European Commission has presented a Communication to strengthen the competitiveness of the EU banking sector. The strategy aims to eliminate national fragmentation, simplify regulation, and align international standards so that banks can better finance the bloc's growth, innovation, and strategic priorities.
A new WTO-IMF index reveals a dramatic increase in global trade policy activity between 2025 and 2026. This increase, which nearly doubles 2024 levels, is driven primarily by restrictive measures and subsidies, outpacing trade facilitation policies.
Image: La Moncloa.Pool Moncloa/Fernando Calvo. Spanish Prime Minister Pedro Sánchez and Algerian leader Abdelmadjid Tebboune have agreed to open a new chapter in their diplomatic and trade relations. This rapprochement, which will culminate next October with the 8th High-Level Meeting (HLM), seeks to consolidate Spain's position as… Read more
WTO Director-General Ngozi Okonjo-Iweala has urged member countries to simultaneously advance institutional reform and trade negotiations. During the General Council meeting, progress on fisheries subsidies, agriculture, and services was reviewed.
The European Commission has announced the reopening of the EUDR Information System, once again allowing operators and traders to register accounts. This reactivation comes at a crucial time, with an eye toward upcoming regulatory and technological updates to the system.
The European Commission has published the new allocation of tariff quotas for 26 categories of steel products. The measure, in effect since July 1st, establishes the volumes per country and the management rules that will affect imports in the sector.
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.
AI in the foreign trade