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International trade

24 Jun 2020

BBVA’s teams in Asia and Colombia secured this cross-border transaction, which will allow Asian client China Harbour Engineering Company Limited (CHEC) to build, operate and service line 1 of the Bogota subway. The landmark agreement will contribute to financing the largest infrastructure project in Colombia’s history, and is also the most ambitious cooperation project the country’s ever signed with China. The transaction is the first one certified by BBVA in Asia in compliance with its sustainable transactional banking framework.

16 Mar 2020

It is the first international sustainable supply chain finance line (a product also known as confirming or reverse factoring) set up by Acciona, a leader in providing sustainable solutions for infrastructure and renewable energy projects. The €15 million line will be used to streamline payments to suppliers in the ‘Ness Energy Project’, a waste-to-power plant in Scotland. As a result, a total of 25 European suppliers will benefit from the early collection of the receivables they issue in consideration for services rendered to this infrastructure.

02 Jan 2020

30 Dec 2019

Garanti BBVA and the Export-Import Bank of China have agreed to a $300 million, three-year loan to be used by Turkish companies to finance imports from China. A partner and trusted advisor to its clients engaging in international trade, BBVA’s Turkish unit forges international agreements in order to be able to offer customized financing solutions to this commercial segment. The agreement with China’s Exim Bank demonstrates the strength of Garanti BBVA’s long-lasting relationships with Chinese banks.

15 Nov 2019

13 Dec 2018

11 Sep 2018

11 Aug 2018

12 Apr 2018

Fears of a trade war between the U.S. and China are escalating by the day. Trump announced extra duties on 10% of Chinese imports and the two world powers have entered into a “tit-for-tat” trade retaliation that has unnerved investors and shaken financial markets. Nevertheless, the likelihood that these skirmishes will turn into a full-blown trade war are still low, as explained in a BBVA Research report.

09 Apr 2018

Europe and the U.S. need to promote global trade and services standards. And to do this, they must keep relying on multilateral agreements, which set out a strategic position with respect to third parties from a commercial, economic and political point of view. “The United States and Europe, united, are much stronger,” said José Manuel González-Páramo, Executive Member of the Board, Head of Global Economics, Regulation and Public Affairs at BBVA, in Barcelona on Monday.

20 Feb 2018

The regulation of the digital world is a key issue for Latin America and a necessary condition for achieving relevance in this field on a global level.  So far, Latin American regulators have adopted a “wait-and-see” attitude that aims to avoid slowing down innovation. However, a lack of action on the regulatory front could put the brakes on innovation in industries such as finance.

25 Jan 2018

27 Nov 2017

BBVA, in collaboration with Wave, conducted the first pilot that uses blockchain to automate the electronic submission of documents in an import-export transaction between Europe and Latin America.  Thanks to Wave’s solution, which uses Distributed Ledger Technology (DLT) and blockchain, BBVA was able to reduce the time required to send, verify and authorize an international trade transaction, which normally takes from seven to ten days, to just 2.5 hours.

29 Sep 2017

26 Sep 2017

08 Aug 2017

20 Jul 2017

The Pacific Alliance, made up of Chile, Colombia, Mexico and Peru, is a regional economic and comercial powerhouse.  This area grows more than the average in Latin America. BBVA Research expects GDP growth of 1.6% and 2.3% in 2017 and 2018, respectively.  “The Pacific Alliance is a success story in integration.  And not by chance.  It shares an ambition and a set of values behind this policy, on how prosperity should be reached,” said Jose Manuel González-Páramo, executive director of BBVA in Santander.

07 Jul 2017

All eyes are already set on Hamburg, where, under Germany’s presidency, the G20 leaders will be meeting today and tomorrow to agree on a program to deliver on the goal set in this year’s slogan: “Shaping the interconnected world.”

08 Jun 2017

We have experienced the deepest global crisis since the Great Depression. Among the things that have changed – perhaps for good – is the way the financial sector now acts at  a global level to manage both credit and reputational risk. This has coincided with what amounts to a genuine explosion in technology, which has undoubtedly only just begun.

15 May 2017

02 Mar 2017

In a meeting organized by the Rafael del Pino Foundation to discuss the future of Europe, José Manuel González-Páramo said that the “European Union is more necessary today than ever” to rise up to find a solution to the Old Continent’s most pressing issues. According to BBVA’s Executive Board Director, the EU now faces the challenge, but also the opportunity, to plot its future without the UK, one of its traditional and more important, partners.

On the financial plane, BBVA’s Executive Board Director highlighted the EU’s achievements in its path towards building a banking union. However, he warned about the need to keep moving ahead with the reforms and completing the following stage in the process: the rollout of the EDIS, the European Deposit Insurance Scheme.

16 Feb 2017

24 Nov 2016

The day after Thanksgiving, or the last Friday of November, is celebrated nearly all over the world as Black Friday, the day that marks the first day of Christmas shopping. Over the years, with the arrival of new technologies, sales have been extended to Monday, known as Cyber Monday when discounts are offered for online shoppers.

21 Jul 2016

03 Jun 2016

The trade finance or foreign trade activity accompanies people and businesses in their activity importing/exporting goods and services, mitigating the risks that exist in international commercial relations and simplifying the settlement of operations. The same commercial transaction can require different solutions over time, depending on the moment at which it takes place and the role of the parties involved (importer or exporter).

23 May 2016

09 May 2016

25 Apr 2016

The buzz surrounding the TTIP – the free-trade treaty that the US and the European Union started negotiating back in 2013 – keeps growing louder. While the name may already ring a bell for a majority of people, many may still be wondering what’s behind the acronym and how will it affect, for good or for bad, the Spanish economy and, by extension, our everyday lives.

01 Apr 2016

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.

15 Mar 2016

by José Manuel González-Páramo, BBVA Executive Director

Over the past few months there have been many very different statements published about the TTIP, the Transatlantic Trade and Investment Partnership between the U.S. and Europe. To what extent are they based on myths or facts? BBVA Executive Director José Manuel González-Páramo explains in an  op-ed published in Spanish

01 Mar 2016

US and EU representatives agreed to extend the current round of talks regarding the Transatlantic Trade and Investment Partnership (TTIP), started on February 22nd, two additional weeks. Both parties were clear about their satisfaction regarding the ground covered over the past days, and ratified their commitment to conclude an agreement in 2016.

11 Feb 2016

BBVA executive director said this morning that “the free trade agreement between the EU and the U.S., or TTIP (Transatlantic Trade and Investment Partnership), is an existential agreement for Europe.” José Manuel González-Páramo considers that “trade is at the core of the continent’s DNA, and trade helps us innovate.” Thus, from a point of view of diversifying trade and increasing the soundness of the export sector, “the agreement’s success would be a good thing.”

26 Jan 2016

We frequently hear arguments for and against the TTIP, the Transatlantic Trade and Investment Partnership that the US and the EU have been working on since 2013. The groups against this partnership focus on how it will only benefit large corporations at the expense of smaller businesses and citizens, while the groups that argue for it underscore the advantages it will bring in trade and export related matters for small and medium enterprises (SMEs). But, what do Spanish SMEs think about the TTIP?

15 Jan 2016

What happens if a German citizen wants to take out a mortgage from an Italian bank that does not operate in his country? What barriers will he face beyond the language? This is what is intended to be found out by the European Commission, which has presented the much-awaited Green Paper on Retail Financial Services.

07 Jan 2016

The commodities boom has reached its end, impacting strongly on Latin American economies. Fiscal balances have been affected by lower currency revenue, currencies have devalued significantly, with the subsequent fall in the value of exports, and the exchange rate effect has led to a rise in inflation.  It has also had a negative impact on GDP growth that could become more pronounced if prices fall further in 2016.

21 Dec 2015

Up until now, many things have been written about the possible consequences – positive and not so positive – of the Transatlantic Trade and Investment Partnership with the US for the European Union. What has not been discussed so widely are the agreement’s geopolitical repercussions on both sides of the Atlantic.