trade

In an interview with Catalan News, Xavier Artigas explains motives behind removal of slave trader Antonio López statue removal

The innovation of the BDF Ingredients company consists of adding an enzyme which reduces the amount of chemical additives to the products

Catalonia Trade and Investment’s Innovation Barometer presented on Wednesday shows innovation in Catalonia is growing

The Barcelona Bridal Fashion Week (BBFW) has completed its most international edition ever. Between April 25–30 more than 25 leading national and international firms presented their collections on the catwalk, and more than 300 brands from 25 countries offered their wedding designs to more than 800 key buyers from 70 countries during the professional trade fair. Renowned Catalan designer Rosa Clara was chosen to open the catwalks of the 27th edition of BBFW at the Barcelona’s Fira exhibition center.

Hong Kong-based multinational Thunder Power, which specializes in electric vehicles, is planning to open an R&D center in Catalonia. The center will become operational in 2018, involve an initial investment of €80 million, and create 200 jobs, a company statement revealed last Thursday. The group is also considering building a plant in Catalonia for assembly and distribution. This project will be ready by 2020, will create 1,000 jobs, and could produce up to 50,000 vehicles per year. The agreement was signed during the unveiling event of the first running prototype at the prestigious Eaton House in Hong Kong. Over 250 business professionals from Barcelona, Catalonia, and Hong Kong participated in the showcase, including the Catalan Minister for Business and Knowledge, Jordi Baiget, and the Second Deputy Mayor of Barcelona, Jaume Collboni.

Catalan exports totalled €65.14 billion in 2016 and set a new record for the sixth consecutive year, according to data released by the Spanish Ministry for Economy and Competitiveness. The figure not only represents a 2% increase in comparison to last year but a higher growth than that registered in the whole of Spain (1.7%) and the Eurozone (0.17%). Thus, Catalonia continues to lead exports in the whole of Spain. This good trend is the result of “the persistent and permanent efforts of Catalan companies, which are amongst the most internationalised in our environs”, explained Catalan Secretary for Business and Competitiveness, Joan Aregio. The sectors which grew the most in 2016 in terms of exports were equipment goods (+10.4%), followed by chemical products (+1.3%). On the other hand, exports in the automotive sector fell by 0.4%.

The Catalan Ministry for Business and Knowledge will invest 1.2 MEUR this year to increase Catalonia’s trade and investment office network abroad. In particular, six new centres will be opened in 2017, which will be added to the 36 which are already functioning on each of the five continents. The new offices will be located in Havana, Los Angeles, Tehran, Zagreb, Amsterdam and Nairobi. Thus, Catalan business will be represented in 109 economic regions. “Now Catalonia’s presence in the business field worldwide will be comparable to and even bigger than that of other states”, explained Núria Betriu, Director of Industry of the Catalan Department for Business and Knowledge.

Catalan exports to Cuba grew by 50% in 2015, reaching €294 million. With this in mind, the Catalan Minister for Business and Knowledge, Jordi Baiget, and the director of the centre for the promotion of foreign trade ProCuba, Roberto Verrier, signed on Thursday in Havana an agreement that seeks to strengthen trade relations. ProCuba, under the Cuban Ministry for Foreign Trade and Foreign Investment, works to promote the internationalisation of the industry of the country. According to the agreement, Cuba will now provide Catalonia with information on the investment opportunities in the region in order to promote the arrival of new Catalan businesses to the island. Baiget, who is participating in a trade mission to Panama and Cuba organised by the Port of Barcelona and Acció, the Catalan Public competitiveness and internationalisation agency, stated that the measure was “really important”. It implies “direct capacity for dialogue” with the Cuban body responsible for foreign investment, he added.

Catalonia and Japan have renewed their business, cultural, touristic and research ties for the next three years, through the so-called ‘Japan Plan 2016-2019’. The Government presented the agreement, approved last 25^th of October, on Monday and explained that it aims at boosting business promotion, investment attraction, tourism cooperation, student mobility and cultural and gastronomic exchange. While the presentation of the Plan was taking place on Monday morning in Barcelona, a mission organised by the Port of Barcelona and Acció, the Catalan Public competitiveness and internationalisation agency, was in Panama trying to improve the trade relationship with the Central America region. The Catalan Minister for Business and Knowledge, Jordi Baiget, and the Catalan Minister for Planning and Sustainability, Josep Rull, accompanied fifty Catalan companies on their visit to Panama and Cuba, where they held 300 meetings with local businesses.  

Exports from companies based in Catalonia reached €48.58 billion during the first 9 months of 2016, a 2.1% increase compared to the same period last year. According to the Spanish Ministry for Economy and Competitiveness, this figure sets a new historic high for Catalonia’s export sector, which has been growing strongly over the last few years. Moreover, in September Catalan exports were worth €5.7 billion, which is the highest figure for this month since the beginning of the historic series, in 2000. The sectors that contributed the most to the positive export figures were the chemical sector, which concentrated 60.8% of total exports, followed by equipment goods and the automotive sector. On the other hand, Catalonia’s trade deficit between January and September rose by 0.5% in comparison to the same period in 2015 and totalled €9.2 billion. 

From the 25th to the 28th of April, Barcelona Gran Via will host a new edition of Alimentaria, one of the most important trade fairs in the world focusing on food and drinks and the second most important in the Catalan capital after the Mobile World Congress. Amongst the newest trends to be featured in 2016 are superfoods, local food and organics. The event is also celebrating its 40^th anniversary with several novelties, the most prominent of which is the Multiple Foods trade fair, a more diverse exhibition which will bring together different companies. Additionally added are beverage and frozen food manufacturers in Restaurama, Vinorum Think, and Halal Concept. The exhibition has a projected economic impact of 170 million euros for Barcelona, already manifesting in the high hotel reservations. 

Barcelona’s Port registered an 8% growth in container traffic this March in comparison to the same period last year, reaching 493,000 TEUs (one TEU = one 20ft container). Both exports and imports saw a growth of more than 5%, along with an increase in container cargo coastal trade. All in all, 11.1 million tons of merchandise were registered from January to March of 2016. This is also represented by an increase both in liquid and solid merchandise in bulk. Meanwhile, the Barcelona El Prat airport experienced a rise in passengers in the first trimester of 2016, marking 16.1% more than the same period of the previous year, at a total of 8.5 million people. Along with this, both the Girona-Costa Brava airport and Reus airport, located in the Girona and Tarragona provinces respectively, witnessed an augmentation in traffic in the month of March. 

20.4% more passengers used Barcelona El Prat Airport’s facilities this past February than in the same month last year. According to data released by the European airport trade association (ACI Europe), Barcelona’s airport leads the ranking of EU airports in terms of growth and tops group 1, which includes those airports with more than 25 million passengers per year. Dublin holds second position, with a registered growth of 17.2% in February, followed by Copenhagen (+16%) and Madrid Barajas (+15.5%). Regarding those European airports which are not within the EU, Istanbul’s Sabiha Gokcen is the only airport whose increase in the number of passengers surpassed that of Barcelona (24.3%). The increase in the number of passengers using El Prat is double the average growth registered for February in the EU overall, which was 10.3%. 

The region which attracted the fourth-most foreign investment in Europe in 2015 was Catalonia. According to the Financial Times’ FDi Markets report, the Catalan economy attracted €5.224 billion throughout 2015, the highest figure of the data series, which sets Catalonia as the leading region in the Western European area. The sector which attracted most foreign investment was ICT, which according to Catalan Ministry for Business and Knowledge, Jordi Baiget, proves the “traction effect” of the Mobile World Congress for the Catalan economy. Baiget explained this good result as being due to Catalonia’s geographic situation and the neighbouring markets, as well as to its qualified workforce and its solid, diversified and innovative business network. In March, the Financial Times report FDi European Cities and Regions of the future 2016/2017 recognised Barcelona as the best city in Europe for foreign investment.

Catalonia sold abroad some €63,839 million worth of goods and services in 2015, setting a new record. This figure represents a 6.1% increase in comparison to the level of exports registered in 2014, according to information released by the Spanish Ministry for the Economy and Competitiveness. Imports into Catalonia reached €76 billion in 2015, which represents a 5.8% increase on figures from the same period in 2014. This means that Catalonia's trade balance registered a deficit of €12.1985 billion, a 4% reduction on the deficit for 2014. Catalonia continues to lead the exports ranking in Spain and accounts for 25.5% of all Spanish goods and services sold abroad, followed by the Valencian Community (11.4%) and Madrid (11.3%).The chemical sector was the sector which contributed the most to Catalonia's exports, representing 27% of the total for 2015 and reaching €8,497.5 million.