Global Trade Alert
Global Trade Alert

Spain: Suspension of the liberalisation regime, introduction of prior approval of FDI in certain sectors and creation of loan guarantee line (COVID-19)

Announcement

18 Mar 2020

In March 2020, the Spanish authorities approved Royal Decree-Law 8/2020, containing several measures to alleviate the economic crisis originated by the COVID-19 pandemic. Among these measures, there is the temporary suspension of the liberalisation regime, the introduction of prior approval on foreign investments in certain sectors or by certain foreign investors, as well as the creation of a new loan guarantee line.

Source

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Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

07 Apr 2020

Revocation date:

30 Sep 2020

Announced: 18 Mar 2020
Trade finance
Royal Decree-Law 08/2020 of 17 March 2020 also approved a temporary extension of the loan guarantee line offered by channelled through the Spanish Export Credit Insurance Company (CESCE in Spanish). N...
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Implementation date

18 Mar 2020

Revocation date:

No revocation date

Announced: 18 Mar 2020
Loan guarantee In force
Royal Decree-Law 08/2020 of 17 March 2020 also approved a loan guarantee line for an amount up to USD 110.1 billion (or EUR 100 000 million) to be channeled through the Official Credit Institute (ICO ...
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Implementation date

18 Mar 2020

Revocation date:

21 Jun 2020

Announced: 18 Mar 2020
FDI: Entry and ownership rule
On 18 March 2020, the Spanish authorities amended the FDI regime suspending the liberalisation regime for certain foreign investors. Prior approval is required before investing in a Spanish company if...
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Announced: 18 Mar 2020
FDI: Entry and ownership rule
On 18 March 2020, the Spanish authorities amended the FDI regime suspending the liberalisation regime (régimen de liberalización) as so far as it relates to certain foreign investments in a number of ...
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