Luncheon-debate with Věra Jourová, European Commissioner for Justice, Consumers and Gender Equality

The past September 28th, the Official Spanish Chamber of Commerce in Belgium and Luxembourg, organized in collaboration with the General Board of Abogacía Española, a luncheon-debate with Věra Jourová, European Commissioner for Justice, Consumers and Gender Equality. Among the attendees there were several members of the Chamber, business executives, and representatives of Spanish and European companies and institutions.

Juan Rodríguez-Villa Matons, President of the Chamber, said a welcome word, introduced the Commissioner, highlighting her professional career and thanked her for her collaboration with the luncheon-debate.

Afterwards, the Commissioner took the stand and introduced briefly the main challenges her Commission is currently dealing with such as promoting entrepreneurship in Europe, the digital markets, the insolvency, data protection, consumer rights, digital content, gender equality and justice against crime.

Jourová emphasized the importance of creating a digital single market, explaining that currently there are only a few small companies which are selling products online cross borders. In Spain, only a 19% of companies do so. The main barrier to increase online commerce at international level is that there are different legal systems for online and offline worlds.

Afterwards, she showed her concerning about the lack of a regulatory law related to online sales of digital content (except from United Kingdom and The Netherlands) and mentioned that from theCommission they are working on a proposal for all European countries.

About data protection, she expressed the need of investing more money on new measures and tools that allow institutions to know what companies actually do with consumer’s personal data. On the other hand, she stressed the need of making a bigger effort on explaining the EU citizens about their new rights concerning data protection and privacy and how to use those rights.

During her speech, Jourová also talked about individual consumers’ rights, very numerous in the European Union, but about which there exists a very poor public information. In a time frame where big companies are becoming bigger, and small companies are tend to be smaller, from March 2018, the Commission for Justice is working on a plan which will provide individuals and small companies with the right tools to defend their rights related to trade and consumption.

The main topics discussed during the question time were related to gender equality at work environment and cybersecurity.

Finally, Marta Cerro, President of the Council of Bars of Castilla la Mancha, presented the Bar, and highlighted the role of lawyers in the European Union environment and how they contribute directly to citizens defense. She pointed out the need of respecting the citizens and providing them with a high quality service. In addition, she thanked the commissioner for her hard work and commitment with gender equality, and showed her her support in terms of promoting values related with the recognition of women in work environment.

Juan Rodriguez-Villa and Marga Cerro awarded Commissioner Jourová with a symbolic present to thank her for her participation in the luncheon-debate and her hard work in charge of for Justice, Consumers and Gender Equality in the European Commission.

The president also wanted to thank Bodegas Yuntero, wine sponsor for this event.

Sponsored by:

 

[AFG_gallery id=’100′]

Breakfast-debate with Félix Fernández-Shaw: Global strategy of the EU. Europe in the world

The past September 14th, the Official Spanish Chamber of Commerce in Belgium and Luxembourg hosted in its Brussels’ headquarters a breakfast-debate with Félix Fernández-Shaw, Expert Member of the Federica Mogherini’s Cabinet, about “Global strategy of the EU. Europe in the world”. Among the participants, there were members of the Chamber, ambassadors of Latin-American countries, business executives and representatives of Spanish autonomous delegations in Brussels.

María Catalán, Secretary General of the Chamber, and moderator of the event, started by saying a welcome word and introduced the speaker, highlighting his broad professional career related to the European Union. Member of the Spanish Diplomatic Career since 1993, he is currently working as an Expert Member of the High Representative of the European Union for Foreign Affairs and Security Policy and Vice-President of European Commission Federica Mogherini, in charge of Africa, Sustainable Development, Multiannual Financial Framework and climate change.

Félix Férnandez-Shaw then took the floor and started a small debate to encourage the attendees’ participation. The main goal of this short discussion was to clarify some concepts related to the different organisms of the European Union and its roles.   

Afterwards, Félix explained the mission of Federica Mogherini’s Cabinet as a part of the European Commission and described the decision-making process and its final implementation. He highlighted this Cabinet constitutes the “voice” of the European Union around the world. Its main responsibilities are the management of foreign policy instruments, foreign affairs and foreign defense and security of all country members.

The speaker underlined the importance of the inclusion of all the country members of the European Union as a part of a common Foreign Policy, since every decision is made at global level. He stressed the importance of an internal cohesion among all its members to strengthen the EU’s presence at international level. In order to achieve a correct global management is necessary to use two principles: strength and order.

On the other hand, Félix talked about how our world has changed at global level since 1989. During this period of time, three different revolutions have occurred: democratic, ideological and technological, which have allowed that the world is a better place than two decades ago.

Félix has also showed his concern about the environmental situation of our planet and he has remarked the importance of working towards a sustainable development and the need of a strong alliance among countries. The European Union has a very important role within the global situation, and that is why it is necessary to work towards a more united Europe, which transmits a “unique voice”. 

Finally, he has made a call to raise awareness about this problem and he has encouraged all the attendees to promote the cooperation and development in their own companies. He also suggested them to work in sustainable development goals, and promote help towards the African continent.

After Fernández-Shaw’s intervention, the secretary general of the Chamber opened the debate, which was marked by a high participation of the attendees. Among the main issues, the most remarkable topic was the cooperation to public-private development in the African continent.

[AFG_gallery id=’58’]

Luncheon-Debate with Karmenu Vella, European Commissioner for Environment, Maritime Affairs and Fisheries

Last June 22nd, the Official Spanish Chamber of Commerce in Belgium and Luxembourg organized, in collaboration with ECOEMBES, a luncheon-debate with Karmenu Vella, European Commissioner for Environment, Maritime Affairs and Fisheries.

Mr. Daniel Calleja, Director-General at DG Environment, also attended the event.

Between the participants, there were several members of the Chamber and representatives of Spanish and European companies and institutions.

Juan Rodríguez-Villa Matons, President of the Chamber, introduced the speaker and thanked for his contribution to the dialogue between the EU Executive and civil society and remarked the common interest on achieving the main goal of Circular Economy.

Under the title “CIRCULAR ECONOMY: THE ROLE OF BUSINESS IN DEVELOPING GREEN ECONOMY”, Commissioner Vella underlined the importance of applying the principle “nothing is lost, everything is transformed”, premise that concerns circular economy and the need to implement it globally.

The speaker referred to the legislative package on Circular Economy presented by the Commission a year and a half ago, which he described as ambitious and responsible, emphasizing on the global approach and more practical measures which benefit environment and increase sustainability.

 

On the other hand, the Commissioner underlined the great potential identified in Spain by the biannual “Environment Implementation Review” report, which presented several examples of Spanish pioneer companies in innovation. According to Mr. Vella, innovation is the key to a Green Economy, which needs investment and, in most of the cases, it is afforded by the private sector, either big firms or SMEs.

To conclude, he expressed the European Commission’s will to establish an easily compliable regulation for the private sector, highlighting the importance of continuous collaboration between all actors.

The wide experience of Commissioner Vella, in high responsibility positions in the private sector, shows the realistic criteria which aims to avoid the obstacles in the application of the legal requirements that are projected.

The speaker recognized the excellence of General Director of Environment, Daniel Calleja, and congratulated the human team he leads.

The event was sponsored by ECOEMBES. Its CEO, Óscar Martín, thanked the Commissioner and all the participants for their presence, assuring the position of ECOEMBES in favor of the legislative package. Martín remarked the importance of EPR –Extended Producer Responsability- as a very important step towards a Circular Economy, which has also had a large social impact.

Moreover, he weighed on the need to promote eco-design and innovation, not only to protect the environment, but also to raise its awareness.

To conclude, a round of questions was posed and answered, a time during which participants had the opportunity to interact with the Commissioner.

Mr. Juan Rodríguez-Villa joined Óscar Martín to give Commissioner Vella a symbolic present to thank him for his participation in the luncheon-debate and his work related to the circular economy.

The President also made a special mention to the firm La Buena Vida, for contributing with excellent wines to the luncheon.

You can check the full speech of the Commissioner here.

[AFG_gallery id=’57’]

In collaboration with:

Luncheon-debate with Pablo García-Berdoy, Ambassador Permanent Representative of Spain to the European Union

The Official Spanish Chamber of Commerce in Belgium and Luxembourg hosted last June 13th a luncheon-debate with Pablo García-Berdoy, Ambassador Permanent Representative of Spain to the European Union, on “European Agenda”. At the event, we had the presence of Ms. Cecilia Yuste, Ambassador of Spain in Belgium, and there were chamber members of the Chamber, business executives, members of the Spanish and international diplomatic bodies, as well as representatives of European institutions.

Juan Rodríguez-Villa Matons, president of the Chamber, thanked the Ambassador for its presence, highlighting his diplomatic career in representations like Bonn and Manila, Cabinet Chief of the Secretary of State of External Policy and for the European Union, Cabinet Chief of the President of the Congress of Deputies and Ambassador of Span in Rumania and Germany, between others. Plus, he underlined the importance of the Official Spanish Chambers of Commerce in different countries as a tool to contribute in economic diplomacy.

Afterwards, Íñigo de Palacio, Global Director of Institutional Relations of Indra, made a consideration -from the big company’s perspective– about the current European framework. De Palacio underlined that we are in a decisive moment, in which trust in European institutions and its integration project are a key for society and for companies, despite the uncertainty and the economic recession.

On the other hand, the representative of Indra proposed two important challenges for Europe: security and migrations, for which international cooperation and humanitarian aid are essential. Furthermore, he underlined the importance of globalization and the process of digitalization in the current political framework. At last, he pointed out the need to provide shared security services, through connectivity of European economies, technological innovation and mobility.

Pablo García-Berdoy, Ambassador Permanent Representative of Spain to the European Union, after thanking all the participants for their presence, he started his intervention considering globalization as one of the main current challenges, mainly in the technological sector, but also in terrorism and migrations.  To face it, he explained different EU policies regarding interoperability and borders’ improvement.

 

As a second challenge, Berdoy mentioned about how to face competitiveness and to maintain our social model, underlining the importance of integration measures and the White Paper of the European Commission, in which different scenarios for the future of Europe were presented.

In a third stage, he focused on the Brexit subject, assuring all member-states should get prepared, especially in the company sector, besides negotiating financial perspectives in an economical context which reduces our spending capacity. At last, he wanted to highlight the requirement of consideration by the European Union in the security field, given Russian policy and the new North American administration.

Pablo García-Berdoy finished his speech with conciliating words, remarking the importance of national and European politicians to work together and share projects.

To finish up, there was a question and answers turn, in which the participants could ask their questions to the ambassador, mainly about the post-Brexit political scenario and EU exportation policy.

Juan Rodríguez-Villa gave an award to the Ambassador as a thank you for his participation in the luncheon-debate and his work as a head of the Permanent Representation of Spain to the EU.

The president also wanted to make a special mention to Bodegas La Emperatriz, sponsors of the event’s wine.

[AFG_gallery id=’53’]

Event sponsored by:

 

12/05 Luncheon-Debate with Vytenis Andriukaitis, European Commissioner for Health and Food Safety

Brussels, May 12 2017

On May 12th, the Official Chamber of Commerce of Spain in Belgium and Luxembourg organized a luncheon-debate with Vytenis Andriukaitis, European Commissioner for Health and Food Safety at NH Hotel Collection Grand Sablon in Brussels. At the event there were chamber members, business executives, members of the Spanish and international diplomatic bodies, as well as representatives of European institutions.

First of all, Juan Rodríguez-Villa Matons, President of the Chamber, made a brief introduction of the speaker thanking him and all the attendees for his presence. He stressed his long career as a doctor, his role as a signatory of the declaration of independence of Lithuania and his co-authorship of the Lithuanian Constitution, as well as his long experience at the institutions of his country. In addition, Rodríguez-Villa emphasized, on behalf of the Spanish Business community, the biotechnology and pharma industry and ultimately of the Spanish civil society, the great advantages that Barcelona would contribute as new headquarters of the European Medicines Agency.

 

Then Andriukaitis began his speech by saying that Europe has a good system of health and food safety, but it is necessary to keep working to improve several aspects. There is a need to involve more the governments and its decision-makers in the long term. He also emphasized the importance of communication; it is the key factor to keep the public informed. He also stressed the care that must be taken with the information disseminated through social networks.

 

Then, the Commissioner mentioned the major challenges facing the sector.

On one hand, tons of food that Europe throws away, an action that he described as wasteful, unethical and unsustainable. To reduce this waste, the Commission will undertake a series of initiatives to achieve the goal of sustainable development. They are also preparing the launch of a plan of action to stop the increasing antimicrobial resistance and a new Plant Health Law with the aim of avoiding the introduction of diseases and to protect us from the entry of non-native parasites. The Commissioner pointed out two examples of such diseases: the bacterium Xylella fastidiosa, which affects a large part of the Italian olive trees and sadly has now been found in the Balearic Islands, and the diseases in citrus fruits.

He also made special mention of the importance of public health. It is necessary to pay attention to the medical primary assistance because it will be reflected in an improvement of the health system and in the economy. This year, the Commission, will launch a joint action for the prevention of chronic diseases that will create guidelines and promote cooperation between the Member States.

 

 

Andriukaitis also addressed the problem of obesity. European countries have agreed targets to lower the consumption of sugars and salt.

The Commissioner concluded his speech by explaining the role of the European Union in relation to the management of health crises and pointing to Spain as one of the strongest competitors to achieve the new headquarters of the European Medicines Agency due to the importance of the Spanish language and the technological progress of our country.

Finally, there was a round of questions & responses where participants were able to pose their questions to the Commissioner.

The event ended with a gift to Vytenus Andriukaitis from the Chamber in recognition to his work as European Commissioner for Health and Food Safety.

From the Chamber we want to thank the collaboration to Bodegas Cornelio Dinastía for sponsoring the wine of the event.

 

[AFG_gallery id=’51’]

Breakfast-debate with José Blanco and Alejandro Ulzurrun: Renewable Energy and Electric Market

The past April 25th, the Official Spanish Chamber of Commerce in Belgium and Luxembourg hosted in its Brussels’ headquarters a breakfast-debate with  José Blanco López, MEP and member of the Committee on Industry, Research and Energy and Alejandro Ulzurrun de Asanza y Muñoz, Head of Unit at DG Energy, about the “New legislative package of the European Commission on Renewable Energy and the design of Electric Market”. Between the participants, there were members of the Chamber, business executives and representatives of European institutions.

Pablo López Álvarez, Vice President of the Chamber, started by introducing the speakers and thanking their participation and all the attendees’. Before starting with the speeches, he made a brief introduction about the relevance of the current energy sector and its regulation in the European Union agenda.

   

Afterwards, Joaquín Mollinedo, Chief Institutional Relations, Sustainability and Brand Officer of Acciona, took part and pointed out Spain as a reference in the renewable sector, as well as the interest of Acciona in taking part on this sector from an industrial perspective and along with the EU commitment. Therefore, he wanted to underline his conviction on the new legislative package to promote a cleaner Europe, the energy sector and innovation.

Furthermore, Alejandro Ulzurrun, Head of Unit at DG Energy, made a summary of the Commission’s proposal, which he defined as “the chance to upgrade the European economy”. In his speech, he underlined the year 2015 for the energy sector, in which there was a record on global investments and around 8 million jobs were created.

Between the main elements of the project, Ulzurrun established four priorities: renewable energy, energy efficiency, electric market and governance. This project, defined by Ulzurrun as balanced and ambitious, covers almost all legislation they want to approve in order to achieve the EU goals.

Finally, Ulzurrun reminded the common interest between the Commission and the Parliament, giving as example their joint declaration of legislative priorities they agreed to pursue a significant progress through the year 2017, in which the new energy legislative package is included”.

José Blanco, MEP and member of the Committee on Industry, Research and Energy, started his speech thanking the the European Commission’s cooperation in the energy sector and explaining the two main goals of the Parliament in this field: recovering the leadership of the EU in clean energy and pursuing the goals set in the Paris Summit for 2020, like decarbonisation.

On the other side, Blanco highlighted the importance of legal safety in the EU, which he considers “essential to assure investements, which are so necessary”. In addition, he pointed out that, from the Parliament, they have the responsibility to learn from their own experience and to look for a regulation framework in the energy field that allows the economic modernisation and to build qualified jobs.

Finally, he insisted in the will of the Parliament to listen to different proposals in order to find a balance that enables the approval of the new package draft, in order to be able to present it to the plenary by the end of the year.

Once the speeches were given, our Vice President Pablo López began the debate, which had a high level of participation with different points of view from representatives of the main companies of the energy sector, consultants and members of the European institutions.

The main topics of the debate were about legal safety, the efectiveness of the legislative proposals in the energy field, the sources of financing for renewable energy and the different positions about the binding nature of the proposals and their legal framework.

 

Event sponsored by:

[AFG_gallery id=’50’]

Breakfast-debate with Miguel Ceballos Barón, Deputy Head of Cabinet of the commissioner Cecilia Malmström

Last April 20th the Official Spanish Chamber of Commerce in Belgium and Luxembourg organized a breakfast-debate about “the commercial agenda of the European Union in 2017”. The event took place at the Chamber’s headquarters in Brussels, with Miguel Ceballos Barón, Deputy Head of Cabinet of the commissioner Cecilia Malmström as the main speaker. At the event, there were members of the Chamber, business executives and representatives of European institutions and delegations.

Pablo López Álvarez, Vice President of the Chamber, made a brief introduction of the speaker, thanking him and all the attendees for his presence, as well as the importance of the commercial agenda in the current difficult international context.

Then, Miguel Ceballos began his intervention making a synthesis about the current context and the determining issues in the commercial field, like the beginning of Donald Trump’s legislature and the recent signing of an executive order to review a temporary visa programme used to place foreign workers in high-skilled US jobs. Between others, he underlined the Turkish referendum, the upcoming elections in France and the UK and the Brexit.

Furthermore, Ceballos explained the main commercial challenges at a European level, going through the different continents and the evolution on free trade agreements. He remarked, in first place, the Comprehensive Economic and Trade Agreement (CETA) which, after the stoppage of the Transatlantic Trade and Investment Partnership (TTIP) with the United States, stands up as one of the most important agreements for our exportations and companies, mostly in the public services sector, such as water or energy. Plus, the CETA assures an access to Canadian tenders avoiding big competitors such as China and Mexico.

On the other hand, the speaker explained the recent developments in different agreements such as in Mexico, in which they pretend to remove sanitary barriers for farming products, as well as improving the investment agreement, underlining the sectors of energy, telecommunications, financial and oil. Regarding Chile, Ceballos highlighted the modernization phase of the current agreement and their will to increase the services,

Regarding the Asian continent, Ceballos underlined the already stablished agreement with Japan, hightlighting the competitive advantage the UE has in this market as a consequence of the TTIP stoppage, avoinding the competence of USA, Australia or New Zealand. Moreover, he wanted to mention Singapur, which he defined as a small economy with a lot of potential for commercial relations in the future. On the other hand, he informed about the agreement with Vietnam, which is currently being translated and will be presented to the Parliament soon.

At last, Miguel Ceballos assured the importance of the agreement with the Mercosur countries (Brazil, Argentina, Uruguay and Paraguay) which gather more than 250 millions of consumers similar to Spanish consumers, which turns out to be specially interesting for commecialization in all sectors.

The launching of this agreement, expected by the end of 2017, would imply a 400 millions of euros savings for Spain, which they are currently investing in custom fees. The new agreement pretends to increase transparency and objectivity of commercial relations.

Miguel Ceballos  finished his intervention underlining the importance of the current political and social background, and the evolution of  commercial agreements through the years, which include more regulations every day, like social and environmental dumping. As examples, he mentioned anti-corruption in the Mexico agreement and the gender issue with Chile. Finally, he thanked everyone for their presence and the contribution of the Chamber and the Spanish companies in the commercial field.

After the speaker’s interventions, our Vice President Pablo López opened the debate, which was marked by a high participation of the attendees. Between the main issues, the topics were the resistance to the inclusion of financial services in trade agreements, the recently presented White Paper of the European Union and, most importantly, the future of the United Kingdom after Brexit.

Moreover, there was a discussion on the issue of the agreements of the African continent, in which Ceballos highlighted the agreement with South Africa, and the progress on the ones with Namibia, Botswana, Mozambique and Ghana. At last, they referred to the commercial agenda of growing countries, mentioning the asymmetric agreement with the Caribbean area.

25/01 Luncheon-debate with Roberto Viola, General Director of DG Connect

On January 25th, the Official Chamber of Commerce  of Spain in Belgium and Luxembourg organized a luncheon-debate with Roberto Viola, Director General of DG Connect, on the “Digital Single Market and Cybersecurity” at the Warwick Hotel in Brussels. At the event, sponsored by Deloitte Spain, there were chamber members, business executives, members of the Spanish and international diplomatic bodies, as well as representatives of European institutions.

First of all, Pablo López Álvarez, Vice-President of the Chamber, made a brief introduction of the speaker thanking him and all the attendees for his presence, as well as the collaboration of Deloitte.

 

Photographer in Brussels, Belgium. Event Photography for the Spanish Chamber of commerce for Belgium and Luxembourg featuring Roberto Viola by Dani Oshi.

Pablo López Álvarez, Vice-President of the Spanish Chamber of Commerce in Belgium and Luxembourg

 

Roberto Viola began his speech by highlighting the importance of Europe’s role in the digital single market, which has served as a model for professionals in South America, Japan and even Africa.

In its definition of “state”, Viola explained the need to open borders of traditional industry (financial, aerospace, pharmaceutical, etc.) as a key factor for the transformation of the labor market and the interaction of citizens in the future .

On the other hand, he confirmed that “Europe is on the right direction. However, member-states have the duty to teach young people how to continue working on the future of digital society.” He also recalled the responsibility to clearly explain to citizens the advantages of technology.

 

Photographer in Brussels, Belgium. Event Photography for the Spanish Chamber of commerce for Belgium and Luxembourg featuring Roberto Viola by Dani Oshi.

Roberto Viola, general director of DG Connect

 

For the single market as well as for cybersecurity, Viola assured that the only way to achieve improvements is to “work together in the same direction, both nationally and internationally.”

In terms of cybersecurity, Viola recognized the value of sharing information between countries and national bodies in order to prevent cyberaccidents, as well as any threat to the stability of our market system. Among them, he highlighted the support of Spain and the European Commission.

Viola answered in detail to all the questions raised around the Transatlantic Trade Investment Partnership (TTIP), the EU-US information agreement, compatibility with institutions such as NATO or OECD and legislation on cyber-security of minors.

Finally, Fernando Picatoste, Leader of the Security Practices of Deloitte, closed the ceremony thanking the attendees, Roberto Viola and the Chamber. In addition, he wanted to point out the work of the European Union, concluding that “we are going in the right direction, improving and advancing rapidly” in cybersecurity.

 

Photographer in Brussels, Belgium. Event Photography for the Spanish Chamber of commerce for Belgium and Luxembourg featuring Roberto Viola by Dani Oshi.

Fernando Picatoste, Leader of the Security Practice at Deloitte Spain

 

Picatoste underlined the importance of raising awareness among citizens of the need to advance in digital single market and cybersecurity. In order to progress, the collaboration of all countries, the proactivity of member-states and the flow of information for greater protection will be required.

The event ended with a gift to Roberto Viola from the Chamber and Deloitte in recognition to his work as General Director of DG Connect.

From the Chamber we want to thank the collaboration to Paul Van Dinter and Bodegas Tierra, for sponsoring the wine of the event.

 

[AFG_gallery id=’47’]

Luncheon-debate with Neven Mimica, the Commissioner of International Cooperation and Development – 8 December

The Official Spanish Chamber of Commerce in Belgium and Luxembourg held last 8 December a luncheon-debate with the Commissioner for International Cooperation and Development, Neven Mimica, about “The role of private sector in EU Development Cooperation in light of the 2030 Agenda”.

camara2_hires-5857

The event, sponsored by the technological consultancy firm Indra, was attended by members of the Chamber, corporate executives, members of the Spanish and the international diplomatic corps, and European Union representatives. The luncheon-debate began with the welcoming remarks by the President of the Chamber, Juan Rodríguez-Villa Matons, who thanked the Commissioner for his participation, and Iñigo de Palacio, Director of Institutional Relations of Indra, for the collaboration of the company as sponsor company.

camara2_hires-5701

De Palacio gave a short summing up of Mimica’s professional background and announced the main development projects which Indra is currently implementing in Africa. Thus, he highlighted the importance of the collaboration of the private with the public sector, providing it its experience in different fields, such us in the energy one, transport or health, in order to make the cities more stable and the citizens more secure. “There should be a greater coordination between the companies and the European Union”, he said.

The Director of Institutional Relations of Indra gave the floor to the Commissioner Mimica, who started his intervention thanking the Chamber for his invitation to the tribune “Business Circle” as a honour guest. The speaker first reminded that in 2015, the European Year for Development, numerous agreements were signed to promote the cooperation. For example, in July of that year the Third International Conference on Financing for Development was held in Addis Ababa (Ethiopia) and ratified afterwards in New York. Then, he pointed out the Agenda 2030 scopes and highlighted the higher investment for development. In this sense, Mimica stressed the EU’s willing to combine the traditional funding sources with new public-private partnerships.

camara2_hires-6058

The speaker introduced the new package of proposals announced last week by the Directorate-General for International Cooperation and Development (DG DEVCO). Those include the creation of new employments in Africa and helping the most vulnerable sectors of the population in the integration into the workplace. “In this way, we will create new markets and big opportunities will emerge for Europe”, he said. Mimica stressed, however, that for achieving these goals the collaboration with the private sector is essential. The European Commission, in this sense, can offer to the companies the right business environment with the developing countries as well as helping them to invest in order to address the market weaknesses.

The European Commission can encourage dialogue between the private sector and the developing countries through, for example, the business forums in which they take part in. The Commissioner also referred to the European External Investment Plan, announced last September, which promotes the investments in Africa and in the EU neighbour states, in particular to help the economic and social infrastructure as well as the SMEs to address the obstacles for the private investment.

Mimica also explained the steps that a company has to follow to implement a project cofinanced by the EU: firstly, the company has to present the project to the Commission; this reviews it; the EC takes the final decision and, if it approves it, it looks for the financing in the European banks.

camara2_hires-6106

The Commissioner expressed as an example the success of the projects implemented in Latin America in the energy, transport, climate change and health sectors. Moreover, he highlighted the one developed in Nicaragua to improve the quality of the water.

Mimica finished his speech emphasizing that «cooperation is not about charity; it’s about the actions carried out and not only the words”. During the question time the attendees could raise him their doubts. Those included questions about the European External Investment Plan or the guarantees which the EC must ensure to the companies for letting them implement the projects in the Agenda 2030 framework.

camara2_hires-6131

Mimica answered in detail to all the questions and highlighted the EU’s willingness to review and monitor the sustainable projects carried out by the private sector. “These should look for the human development, seek to eradicate diseases in Africa, for example, and reinforce the healthcare system”, he said.

The Chamber and Indra concluded the event giving a gift to Neven Mimica in recognition to his work as Commissioner for International Cooperation and Development.

We would like to thank the winery Bodegas Corral for sponsoring the wine of the event.

[AFG_gallery id=’44’]

Luncheon-debate with the Head of Economic and Market Analysis of the European Stability Mechanism (EMS), Juan Rojas

The Official Spanish Chamber of Commerce in Belgium and Luxembourg hold on the 24th November in the Cercle Münster of Luxembourg a luncheon-debate with the Head of Economic and Market Analysis of the European Stability Mechanism (EMS) Juan Rojas, about “Accessing sovereign markets and current trends in ex-programme EFSF/ESM countries”.

dsc_0492

The event was attended by representatives from Spanish and international companies, as well as by members of the Chamber, and began with the intervention of the Vice-President of the Chamber, Sergio de Miguel-Jessel. He thanked the assistance to both the speaker and the attendees and made a quick review of the professional background of Rojas.

Juan Rojas began his speech explaining that during the crisis several countries lost access to the market (Portugal, Cyprus, Ireland and Greece). In the case of Spain, he highlighted the tightening of financial conditions in an environment marked by the doubts about the financial system. That created the need to ask for ESM’s financial assistance, which has a specific role for this sector of the economy. Hereafter, the speaker summarised the analysis of the strategies followed by the countries to recover (Portugal, Ireland and Cyprus) or to strengthening (Spain) investors’ confidence, because in his opinion, this is especially relevant to face effectively periods of volatility in the financial market.

The first step towards that strategy consisted on the adoption of the measures included in the programmes (the MoUs). The ultima goal was to have healthy public finances, a sustainable public debt and structural reforms to enhance the potential growth of the economies and improve the efficiency of the economic system.

Rojas commented that these activities led to the recovery and strengthening communication lines with the market participants and have a more regular contact with them, which allowed to identify the market segments where there was a sufficient demand. “This permanent contact gave market access to the treasuries with punctual and irregular operations, and the syndications geared to lengthening the existing profile in the short term and generate reliance on the country’s capacity”.

dsc_0496

The Head of Economic and Market Analysis also pointed out some of the measures that were adopted to enhance the role of market creators (financial institutions with the purpose of encouraging market liquidity in the secondary market of public debt): search for potential demand, give liquidity to the secondary market and haven access to a wide range of investors.

Finally, the speaker highlighted that in the countries they lost investment-grade credit rating like Portugal, Ireland and Cyprus, an effort was made to generate a liquidity basis to complete the programmes with the financing necessities covered in the short term (around a year). “The objective was to reduce exposure to the market volatility”, he explained. All this process was accompanied by the BCE decisive action and the extension of the amortization deadlines of the EFSF/ESM loans, with easier financing needs.

dsc_05591

Juan Rojas then replied in detail to the questions raised by the Spanish Ambassador in Luxembourg, Mr. Carlos Maria de Lojendio y Pardo Manuel de Villena, and by the President of the Chamber, Juan Rodriguez-Villa Matons.

The event finished with the handing over of a gift to Rojas by courtesy of the Chamber, in recognition of his labor as Head of Economic and Market Analysis of the European Stability Mechanism (EMS).

We would like to thank the collaboration of the winery Salferso Wine, who offered the wine in the event.

[AFG_gallery id=’42’]