The first vice president and minister of Economy, Commerce and Business, Carlos Body, trusts that the United States will comply with the tariff agreement reached with the European Union, after the EU Council and the European Parliament have given their provisional approval to the trade pact. The minister has defended that Brussels must act as a reliable partner and respect its commitments, but has stressed that he expects the same response from Washington.
The provisional agreement was closed in the early hours of Wednesday in the trilogues between the European Commission, the European Parliament and the Council. The next step will be its approval in the plenary session of the European Parliament so that the European Union can move towards the definitive implementation of the pact.
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For Corpo, this compliance is key to offering security to companies at a time when trade policy is once again at the center of the international economic agenda. “What we hope, also for the benefit of the companies, is that on the other side, in this case of the agreement, which is the United States, it will also be fulfilled,” said the minister in statements to the media from Toronto, where he is participating in an institutional trip with the King.
Companies ask for stability to be able to invest
The Government’s economic head has insisted that companies need stability and predictability to be able to plan their investments, especially when these decisions go beyond a political cycle. In this sense, the tariff agreement not only has a diplomatic reading, but also a business one, since it directly affects the ability of companies to operate, invest and grow in the US market.
Body has highlighted that the American market continues to be a fundamental market for Spanish companies. “Now we must help our companies to position themselves and be able to continue conquering the American market. They tell us very clearly that the American market is irreplaceable,” he noted.
The Government’s position comes in a context of special sensitivity for international trade, with companies waiting for the commitments reached between Brussels and Washington to be translated into clear and stable rules. For Spain, compliance with the pact would reduce uncertainties and strengthen the presence of its companies in one of the most important markets in the world.
Body seeks new markets for Spanish companies
Meanwhile, the Minister of Economy is preparing new commercial trips to California and Mexico to expand Spain’s commercial relations with partners considered strategic. Corps has reported that it will make these trips after participating in the Spain-Canada business meeting, held in Toronto, as part of the trip it is making with the King.
The minister explained that the objective is to strengthen “as much as possible” the commercial relations of Spanish companies and the country with highly relevant markets. In the case of California, Corpus has highlighted its role as one of the leading territories in AI, precisely one of the areas addressed during the visit to Canada.
Spain reinforces its cooperation with Canada in Artificial Intelligence
During the visit to Canada, Spain and Canada signed a Memorandum of Understanding to strengthen cooperation in Artificial Intelligence. The agreement aims to promote investment, access to infrastructure, talent training and collaboration between governments and companies, with special attention to SMEs.
In parallel, three agreements have also been signed between Spanish and Canadian companies, which materialize the spirit of the intergovernmental alliance. For the Government, these types of agreements allow opening new avenues of economic collaboration in sectors with high added value.
With this agenda, the Executive tries to combine two lines of action: on the one hand, defend a stable commercial framework with the United States within the agreement agreed upon by the European Union; on the other hand, reinforce the Spanish business presence in other key markets such as Canada, Mexico and California. The strategy involves opening opportunities in sectors with high added value and facilitating Spanish companies to gain weight in an increasingly competitive international scenario.