The ambassador shows interest in the Xunta de Galicia’s incentive policy to attract foreign investment, including the Galician Economic Office, the industrial project acceleration plan and the Natural Resources Law
The Minister of Economy and Industry, María Jesús Lorenzana, today highlighted the growing position of Galician companies in the German market, which is reflected both in the increase in exports to that country and in the level of establishment.
In a meeting with the German Ambassador to Spain, Maria Margarete Gosse, with whom she discussed Galicia’s trade relations with Germany and the Xunta’s industrial policy, Lorenzana pointed out that it is the fourth largest market for Galician exports.
She noted that since 2019, exports from Galicia to Germany have grown by almost 25% and last year reached €1,815M, while imports reached a volume of €797M. The same trend was seen in the number of Galician companies regularly exporting to that country, which grew by 15% in the same period, reaching 479 today, of which 316 already do so regularly.
At this time, moreover, approximately 350 Galician companies are established in the country, from sectors as diverse as textiles, agri-food, machinery, ICT, pharmaceuticals, and banking or consulting services. Textiles, automotive, metalworking, agri-food, mineral products and chemical industries – with an increase of 85% since 2029 – are, in fact, the main export sectors to Germany.
Xunta’s industrial policy and RDG
At the meeting, Lorenzana expressed the Galician Government’s intention to continue consolidating this trend and to continue opening up the market for Galician companies in the country, through programmes such as the Foexga Plan and the call for trade missions by the Galician Institute for Economic Promotion (Igape), in collaboration with the Chambers of Commerce.
Likewise, the German Ambassador to Spain, Maria Margarete Gosse, showed interest in the Xunta de Galicia’s incentive policy to attract foreign investment, including the advisory service of the Galician Economic Office, the industrial project acceleration plan and the Natural Resources Law together with the public-private company RDG (Recursos de Galicia).
