Internationalization support

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Section 3: Market Failures and Externalities

Ved Brian Cox

Historical Investigation

Ved Aqif Noorazman

EL DIARIO DE ANA FRANK

Ved clarissa ortellado

Civics and citizenship

Ved Quinn Fatai

Internationalization support

Key organizations in Spain

Official Credit Institute (ICO)

it's a public bank attached to the Ministry of Economy, Industry and Competitiveness. The ICO provides funds to banks, ensures the interest of export credits that these grant, acts as financial agent of the Spanish government

COFIDES

Its function is to support with investment the foreign investment of the companies Spanish COFIDES is also a company that combines public shareholders and private

CESCE

It is a public-private company, that is, whose capital shares the State with private companies, mainly banks. Its function is to ensure the collection of operations with the Exterior.

The ICEX

The ICEX organizes information dissemination activities in Spain: seminars on foreign markets, foreign trade techniques, business opportunities that are derive from the activity of multilateral organizations

The Territorial Network of Commerce

They are a network of representations in provinces and autonomous communities by all of Spain. These territorial delegations are offices of the Secretary of State for Trade and of the ICEX for all the National Geography.

The network of Commercial Offices abroad

The Commercial Offices have specialized personnel in trade issues Exterior.

Secretary of State for Commerce

With this organization companies can obtain a source of financing for their international operations.

Main types of support

training

The realization of training activities is a key activity in supporting companies: through courses (face-to-face and online), seminars, workshops, etc.

Identification of potential partners

It is another of the key barriers to that companies face when they approach a foreign market. The Public administrations of many countries, usually through their embassies, offer services to identify partners.

financing

Many countries offer their companies similar instruments to support the financing of operations international

Information

The lack of information is one of the main barriers faced by companies the entities that provide support usually offer information: information about the economy and the conditions for the countries' businesses; studies of market on sectors; information on foreign trade techniques, means of payment, transportation