Companies whose exports to the UK were reduced due to the departure of the European Union or experienced increased spending in Anglo-Saxon countries now have the ICEX Brexit Export Assistance Program 2023.

The program presented at the CEOE Aragón International Commission aims to protect business structures from the impact and possible consequences of Brexit and help overcome barriers to doing business in Great Britain and Northern Ireland.

Director General of Internationalization of the ICEX Company, Elisa Carbonell, explained that currently there is a call is endowed with 4 million euro, financed with the European Commission’s Brexit Adjustment Reserve fund.

The program became famous in Aragon due to a decline in sales to that country. At first, People’s exports to the UK are not hampered by Brexit. Specifically, they grew in 2020 and 2021 by 19.71% and 14.91% respectively.

However, last year the figure fell by 2.77% and, for now, In early 2023, there will be a significant decline in exports to the UK from Aragon. Specifically, the data provided points to a Decrease of 18.02%. between January and February compared to the same period in 2022. The decline is also not related to any particular sector.

Aragon’s coverage rate compared with the UK reached 712.67% at the end of 2022, becoming the fourth Aragon export destination. In terms of imports, it occupies 18th position.

Other markets

The International Commission CEOE Aragón has also analyzed other markets such as Brazil. This country is the sixth destination for Spanish direct investment. Currently, the country has good growth prospects and progress in budget and fiscal credibility, according to ICEX data. Currently, relations between Brazil and Aragon are deteriorating, so there is a lot of room for growth.

Regarding foreign markets, the International Commission has also received information from two recent visits to CEOE Aragón made by representatives of French-Spanish Room and it Cameroon Embassy with which joint action will be carried out.

Export

In addition to addressing these specific markets, the latest export data has also been analyzed during the CEOE Aragón International Commission. In In the first two months of this year, overseas sales grew by 7.13% compared to the same period in 2022, it reached 2,759 million euros and maintained an upward trend. However, this growth is lower than the national average of 12.79%.

About import, the data reflects an increase of 29.58% compared to 4.27% nationally. As a result, coverage level Aragón achieved 97.6%, continuing to be above the national average of 90.9%, but with a decline of 17.32%.

By province, the largest increase in exports occurred in the provinces Huesca with 23.43%, whose coverage rate reached 234.3%, followed by Saragosa of 5.19% and a coverage rate of 87.9%; And Teruelwith an increase in exports of 3.05% accumulated from January to February and a coverage rate of 215.5%.

“The evolution of Aragon’s foreign trade is positive and continues to break records, although we must remain vigilant due to the impact of inflation and the persistence of strong international uncertainty,” said Daniel Álvarez, president of the Commission.