spain trade with uk


08036 Barcelona However, there are challenges which include: Spain’s Gross Domestic Product (GDP) grew 1.4% in 2014. It is home to: There are opportunities for UK Contract Research Organisations (CROs) in Catalonia: Contact Senior Trade Adviser shona.brown@fco.gov.uk for more information on opportunities in the life sciences sector. 48008 Bilbao You should seek legal advice or guidance from the appropriate regulatory agency in Spain. Watch our videos for more information about opportunities in Spain. Discover investment opportunities and learn how your business can expand to the UK on great.gov.uk. source: Ministerio de Industria, Comercio y Turismo . Posted on 1/02/2018 by DHL Express. However, there are some exceptions depending on the size and nature of the investment. Embed this interactive Copy. Tunstall and Primark are increasing their investment. The population of Spain is about 47 million making it one of the biggest consumer markets in the EU. Agriculture remains important to the Spanish economy making up 15.5% of total exports. The sector is made up of some 350 companies, and there are supply chain and collaboration opportunities for UK companies in wind and marine. Bilateral trade in goods is wide-ranging, but leading sectors are 1. automotive and auto parts 2. aircraft and associated equipment 3. medical and pharmaceutical products 4. inorganic chemicals 5. alcoholic beverages 6. vegetables and fruit Spain’s share of UK exports (2.6%) is higher than India’s and Brazil’s combined. British cereal grain tends to do very well in the Spanish market as British and Spanish harvest times differ. Spain was the UK’s tenth largest export market (ninth for goods) in 2013, receiving £13.5 billion of UK exports. Alameda de Urquijo 2-8 We use cookies to collect information about how you use GOV.UK. UK companies can increase their sales, growth and stability by selling to Spain. Don’t include personal or financial information like your National Insurance number or credit card details. Economic growth beats forecast | Business at the heart of trade | UK-Spain trade. That dollar amount reflects a 20% gain since 2015 and a 1.6% uptick from 2018 to 2019. According to the IWSR, Rioja exports to the UK increased by 25% in volume in the first six months of 2020. It’s the second source of power generation meeting 20.3% of demand after nuclear (22%). This publication is available at https://www.gov.uk/government/publications/exporting-to-spain/doing-business-in-spain-spain-trade-and-export-guide. Growth has continued into 2015, with 0.9% growth in the first quarter of 2015. The UK has been a member of the European Union club for 43 years and Spain 30. Hugh Morris reports that arrangements with the UK’s European neighbours could see hundreds of thousands of British travellers shipped to destinations including France, Spain … There is generally no requirement for prior approval of investments from EU companies in Spain. Spain and the UK are major trading partners. It’s currently a relatively underdeveloped sector in Spain. The ‘Science, Technology and Innovation Strategy’ set out a vision to 2020 which focuses on: Spain is a member of the European Union (EU), the World Trade Organization (WTO) and other international bodies. British Embassy EUR 69 billion was invested in Spain in 2013, following an outflow of EUR 193 billion in 2012. There is still room for growth. You only need to complete certain minor bank formalities for statistical information. You can transfer capital, dividends, proceeds of sale abroad without any limitations or taxes if you are a holder of registered foreign investments. Spain, Email We offer expertise and contacts through our extensive network of specialists in the UK, and staff in the British Embassy in Spain. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. Goods manufactured in the UK are exempt from import duties. The Central Mercantile Register (1) ,an OFFICIAL INSTITUTION, provides the access to the companies information supplied by the Regional Mercantile Registers after the 1 January 1990, once the data has been organized and processed in accordance with Section 379 of the Mercantile Register Regulations currently in effect. Don’t worry we won’t send you spam or share your email address with anyone. There are about 750 public hospitals, 300 private hospitals and 7 million private health policy owners in Spain. The Impact Of Brexit On The Spanish Economy. Embed code. Between 4,553 and 6,473 MW of new wind energy capacity need to be installed for Spain to reach its 2020 renewable energy target. The top imports of Spain are Crude Petroleum ($28.2B), Cars ($22.6B), Vehicle Parts ($14B), Packaged Medicaments ($10.1B), and Petroleum Gas ($9.17B). Labelling for all food and drinks products must be in Spanish. Moreover, although on-trade reliant brands such as Ramón Bilbao report a difficult period, the vast majority of Rioja is sold in retail. Department for International Trade DIT provides trade and investment services and practical support. Spain-UK relationship in particular features a highly integrated market, with benefits from trade widely spread among the entire population. Spain, Email Spain is an important economy of the European Union; trade represents a major outlet for the country’s development, as more than half of the gross domestic product is earned through this activity. As professional careers require advanced proficiency the English Language Training (ELT) market is huge for learners of all ages. Search for export opportunities. IP law, especially for patent protection, is not totally harmonised within the EU. Spain continues to invest heavily in healthcare. New UK investors include Dealz-Poundland, Stella McCartney and Jo Malone. Over 900 UK companies operate in Spain. Spanish Plants import and supply a wide range of plants sourced from nurseries and growers throughout Spain. Doing business in Spain does not present major challenges to UK companies as Spain is a similar market to the UK. Contact Senior Trade Adviser beatriz.asua@fco.gov.uk for more information on opportunities in the food and drink sector. Spain has been an EU member since 1986, so European business practises and standards generally apply. Find more export advice and explore opportunities overseas on great.gov.uk. Around 1 million British nationals, based mostly in the coastal regions, are permanent or part-time residents. TED contains all procurement notices above a certain threshold from the EU and European Economic Area (EEA). Spain has the power to veto any post-Brexit free-trade agreement from applying to Gibraltar, and is holding separate talks with Downing Street on a … Address with anyone collaboration with Spanish companies set up and invest in the UK Supplier service on great.gov.uk worldwide.. Deal with nonsense claims on Gibraltar 2015, with benefits from trade widely spread among the entire Pacific.... Reality check verdict: Spain sells more goods and services and for businesses... Deal with nonsense claims on Gibraltar visit the UK up 15.5 % of demand after nuclear ( 22 %.... Biggest consumer markets in the UK, and staff in the first quarter 2015... Supply a wide range of Plants sourced from nurseries and growers throughout.. 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