Spanish Confidence Summit
Dialogue on Legal Security and Growth
The Spanish economy continues to grow. The International Monetary Fund (IMF) and other financial agencies have revised their predictions upwards for 2017. The European Commission and the IMF puts this growth at 2.8% and 3.1%, respectively, after three years of sustained evolution.
This shows that Spain is still instilling confidence, an essential asset for attracting investment and improving business competitiveness. Legal security and certainty of processes play a fundamental role in maintaining this confidence amongst investors, analysts and international organisms.
Clarity and legal stability are still central objectives for the current government. What are investors’ assessments and expectations of the evolution of Spain’s legal framework? What opportunities and obstacles does our country face in this regard? Which policies could effectively drive forward the competitiveness of our companies? Where do we need to improve to consolidate our path to growth?
The Spanish Confidence Summit proposes a dialogue between companies, administrations and other experts in order to respond to these and other questions.
Letter from the Minister for Justice
In a century as fast-changing as the present one, and in an ever more global and interdependent world, the progress of nations has never depended so much on one irreplaceable concept: legal security and certainty of processes.
The more secure a country is in legal terms, the bigger its potential for competition, to attract investment, and to stimulate entrepreneurship and business activity. Ultimately, it is more able to grow, develop and progress as a result. Every sector is tied to this relationship between the economy and legal security and certainty of processes, which works together as a strategic pairing towards prosperity for countries in terms of freedom, social wellbeing, equal protection under the law, sustainability and growth.
Spain’s experience in recent years, following the launch of a powerful reform package which has perfected its regulatory architecture, proves what reports from the most prestigious international organisations indicate: legal security and certainty of processes, that is, stability, confidence and trustworthiness, plays a central role in financial, investment and entrepreneurial decisions. These are the decisions which mobilise the economy, make its activity more dynamic and make the country a more competitive place for business.
We are proud to have strengthened our country’s legal security and certainty of processesand have transformed it into an asset for the Spanish Brand. We are delighted to host this Spanish Confidence Summit as a space for reflection, dialogue and proposals around legislation, justice and the rule of law which will allow us to consolidate our path to growth and open new horizons of opportunity for Spain.
Minister for Justice