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Economy

Economy

Picture of Univision Remesas allows you to transfer money to Latin America BBVA

BBVA’s Bancomer Transfer Services, which handles a sizeable chunk of the funds sent each year to Latin America, the largest remittances corridor in the world, teamed up with media giant Univision’s products and services division to launch a digital money transfer service for the Hispanic community.

The International Monetary Fund (IMF) and the World Bank held their traditional Spring Meetings in Washington this week and like every year, BBVA will have a top-notch representation. BBVA’s delegation will be led by its Executive Director, José Manuel González-Páramo and he will accompanied by Global Head of Public Affaires, Eva Piera; BBVA Group Chief Economist and Director of BBVA Research, Jorge Sicilia; and Chief Economist for South America at BBVA Research, Juan Ruiz.

The TTIP is a bilateral free trade agreement which aims to eliminate tariffs and reduce non-tariff barriers such as arbitrary differences in regulations and industry standards for products, services and foreign direct investment. The US and the EU account for over 40% of world trade and almost half of world GDP.

Op-ed by Jochen Müller

The U.S. is the largest recipient of Spanish exports outside of the EU, the country with the greatest investment in Spain and the third-largest destination of our investments in the world. This privileged economic and trade relationship has become stronger in recent years and has helped create thousands of jobs in Spain.

93% of the companies that export to the U.S. are small and medium sized enterprises (SMEs) and they are responsible for 35% of all sales to this country (if large companies’ value chain is included this percentage increases to 50%). The prominence of SMEs in the Spanish and European economies means governments need to enact measures that give them more opportunities to grow locally, regionally, nationally, as well as across the EU and the rest of the world.

The World Insurance Report 2016, from the insurance firm Capgemini in partnership with the European Financial Marketing Association (EFMA), found that Spain’s generation Y (young people between 15 and 35 years of age) are among those most disenchanted with the services provided by conventional insurance firms.