Importing in Spain

By: Gen Wright

Since Spain joined the United Nations in the year 1955, it has shown its keenness to conduct economic trade with partners around the world. It was admitted to the World Bank in just three years after that. Opening up of economy and importing in Spain has been the key component in it's over all growth.

Ever since the emergence of Francisco Franco as the leader of Spain after the Civil War, Spain has made huge gains economically. After its acceptance in the European Union in the year 1986, Spain adopted the new importing system that changed procedures for importing in Spain. The Spanish Ministerial Order No. 4936 brought to effect on 21st Feb, 1986 established the new system for importing in Spain.

Policies for importing goods in Spain adhere to the guidelines laid down by the European Union (EU). Member States of EU including Spain have no barriers in regard to customs duty and follow the same customs tariff system when it comes to importing of goods. The single market principle adopted by EU facilitates free movement of goods among its member countries. The goods subjected to EU rules for importing in Spain include agricultural products, textiles, iron and steel, food and related products, plants, animals and chemicals.

Spain's accession to EU brought about significant changes as far as importing in Spain is concerned and effected trade with the other countries of the world including United States. However, Spain eliminated certain unreasonable importing procedures adopted by it under the Ministerial Order No. 4936 because of the efforts of United States Government in 1988 and allowed certain goods that are manufactured in US under its new liberalization policy.

Exporters from United States can gain immediate license for selling their goods under the Spain's Administrative Authorization for Importation (AAI). The goods selected to get liberalization treatment include motorcycles, motorcycle parts, cars, car parts and associated accessories, circuit breakers, nuts and bolts, hand tools, piston engines, microphones, lenses and spectacles, clothing products, tableware, mineral fertilizers, boats, travel products, blades and saws, knives, photocells, equipment for sound production, capacitors, radio receivers and transmitters, jewelry, shoes and plastic products.

During the early 1990's, Spain did witness the lean period in its economic growth. However, it bounced back to regain the momentum and made the lost ground in less than a decade. Although the economy of Spain is facing going through a low face currently due to the overall economic slowdown throughout the world, but if one goes by past economic history of the country, it is certain to grow again. Spain being a member of OCED is likely to follow the same trends in terms of economy and if you consider the advice of top economic experts who believe that world economy will recover before 2009 ends then you can certainly invest in strong Spanish economy that is bound to rise again.

Agriculture sector plays a major role in the economy of Spain and you should take note of the goods required by this sector when considering importing goods in Spain. Other major sectors you can consider for importing in Spain include energy, sports, machinery, fishing equipment and musical instruments. Don't forget to understand and follow the procedures when it comes to importing in Spain.

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