Spanish Institute for Foreign Trade
Encyclopedia
The Spanish Institute for Foreign Trade (ICEX) is an agency
of the Spanish Ministry of Industry, Tourism and Trade
(Ministerio de Industria, Turismo y Comercio) serving Spanish
companies to promote their exports and facilitate their international expansion. For this purpose, it possesses its own financial, material and human resources.
The Institute acts mainly in the following areas:
To effectively meet its objectives, ICEX is assisted by the network of Economic and Commercial Offices in the spanish embassies (Red de Oficinas Económicas y Comerciales de las Embajadas de España en el Exterior) abroad and, within Spain, by the Regional and Territorial Trade Directorates. It also coordinates its programs with those of the Autonomous Regions
, Chambers of Commerce, the Spanish Confederation of Employers' Organizations
(CEOE), Collaborating Entities and other Spanish institutions related to international commerce
in order to achieve a model of shared overseas promotion. The Centre for Economic and Commercial Studies (CECO) is an associated training centre through which ICEX assists in business training (for example, with a "Master
in International Corporate Management").
Agency (law)
The law of agency is an area of commercial law dealing with a contractual or quasi-contractual, or non-contractual set of relationships when a person, called the agent, is authorized to act on behalf of another to create a legal relationship with a third party...
of the Spanish Ministry of Industry, Tourism and Trade
Ministry of Industry (Spain)
The responsibilities of the Spanish Ministry of Industry have varied greatly over time, until 2000 grouped industrial competence and energy. Then created the Ministry of Science and Technology that took over most of its powers...
(Ministerio de Industria, Turismo y Comercio) serving Spanish
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
companies to promote their exports and facilitate their international expansion. For this purpose, it possesses its own financial, material and human resources.
The Institute acts mainly in the following areas:
- It designs and carries out commercial promotion and investmentInvestmentInvestment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
programs in foreign marketMarketA market is one of many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services in exchange for money from buyers...
s; - It prepares and provides information regarding international markets and the Spanish products offered; and
- It promotes the teaching of technical skills to business people and the training of professionals in foreign tradeTradeTrade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and...
.
To effectively meet its objectives, ICEX is assisted by the network of Economic and Commercial Offices in the spanish embassies (Red de Oficinas Económicas y Comerciales de las Embajadas de España en el Exterior) abroad and, within Spain, by the Regional and Territorial Trade Directorates. It also coordinates its programs with those of the Autonomous Regions
Autonomous communities of Spain
An autonomous community In other languages of Spain:*Catalan/Valencian .*Galician .*Basque . The second article of the constitution recognizes the rights of "nationalities and regions" to self-government and declares the "indissoluble unity of the Spanish nation".Political power in Spain is...
, Chambers of Commerce, the Spanish Confederation of Employers' Organizations
Confederación Española de Organizaciones Empresariales
Confederación Española de Organizaciones Empresariales , or CEOE, is a Spanish institution founded in June 1977 that represents the Spanish business community. It includes state-owned and private companies in all sectors...
(CEOE), Collaborating Entities and other Spanish institutions related to international commerce
Commerce
While business refers to the value-creating activities of an organization for profit, commerce means the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any...
in order to achieve a model of shared overseas promotion. The Centre for Economic and Commercial Studies (CECO) is an associated training centre through which ICEX assists in business training (for example, with a "Master
Master's degree
A master's is an academic degree granted to individuals who have undergone study demonstrating a mastery or high-order overview of a specific field of study or area of professional practice...
in International Corporate Management").