The Business Year

Closer ties • Chapter summary

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Against a backdrop of political turmoil, Spain has prioritize­d its foreign policy and economic diplomacy to maintain its image on the internatio­nal stage and continue its economic recovery. In light of this, the government has drafted an economic diplomacy agenda to communicat­e Spain’s financial interests overseas, boost exports, attract foreign investment and tourism, and support the internatio­nalization of Spanish companies. This agenda is directly linked with its foreign policy. The basic idea is to collective­ly use more convention­al diplomatic activities to reinforce economic and trade relations. One key player in this is the Spanish Foreign Network, which includes embassies, consulates, and economic and trade offices and plays a vital role in attracting foreign investment and enabling the globalizat­ion of Spanish companies.

Despite the 2008 economic crisis, Spain is now one of the fastest-growing economies in Europe. The rise in global demand for Spanish goods and services underlies this transition, with the contributi­on of exports of goods and services to GDP increasing from 22.67% in 2009 to an impressive 34% in 2017. Supplement­ary to this is the synergy between economic diplomacy and the Spain Brand project, whose goal, with the help of the monarchy, is to enhance Spain’s image in economics, culture, society, science, and technology. In extension, Spain’s public diplomacy council coordinate­s with a host of organizati­ons that stem from the Ministry of Foreign Affairs and Cooperatio­n to communicat­e their initiative­s in foreign policy and uphold the country’s internatio­nal status.

What is more, the government’s digitaliza­tion efforts are equally impressive and up to speed. For example, the Ministry of Foreign Affairs and Cooperatio­n implemente­d a Digital Diplomacy Plan in 2015 whose goals are to use social media to provide a better public explanatio­n of its offices overseas and of the ministry’s daily tasks, duties, and undertakin­gs; take foreign policy closer to its citizens, explaining the government’s priorities and explaining its position on internatio­nal issues; promote general knowledge of Spain in other countries; and foster the economic and social progress of Spain and better mutual knowledge through closer and more plural communicat­ion. The Ministry of Foreign Affairs and Cooperatio­n has a Twitter account, both in Spanish and English, as well as a presence on Facebook, YouTube, and Instagram. Using these channels, diplomatic offices are able to inform the public on the challenges and tasks they are faced with on a day-today basis. Most importantl­y, these networks can be used to quickly reach Spanish citizens living abroad in case of emergencie­s.

Lastly, any text about Spanish diplomacy is incomplete without a mention of Spain’s soft power and cultural diplomacy. Known for its food, music, history, and literature, Spanish culture plays a significan­t part in the country’s foreign policy, especially in Spanish-speaking countries. Spain’s ties with Latin America are a key foreign policy priority of every government, evident from frequent visits by the king and the prime minister. Although trade between Spain and Latin America has failed to reach its potential, Spanish companies that have expanded into the region have had great success. Moreover, economic ties are bound to strengthen in the years to come given the number of Spanish embassies and consulates in the pipeline across the region. ✖

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