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Trade Mission to Spain & Morocco
Spain
In 2021, goods exported to Spain from the United States totaled USD 16 billion, making Spain the United States’ 22nd largest export market. Spain is the European Union’s fourth largest nation and economy with a population of approximately 47 million people and a GDP of USD 1.4 trillion. Spain leads the way in Europe on Latin America and North Africa, which can provide synergies for U.S. exporters engaged in both Spain and either of these two markets. With sophisticated consumer and industrial sectors, a stable political climate, and a robust judiciary system, Spain remains an important and attractive export market for American goods and services.
The top opportunities for Virginia exporters in Spain include:
- Agricultural Sector
- Chemicals
- Computing and Electronics
- Energy
- Transportation
Morocco
Morocco is a country of approximately 39 million people located on the northwest coast of Africa. Goods exported to Morocco from the United States in 2021 totaled USD 2.8 billion. The U.S.-Morocco Free Trade Agreement (FTA), signed in 2006, eliminated tariffs on 95% of currently traded consumer and industrial goods. Duties on most qualifying products were phased out by 2016. The FTA stipulates enhanced protection for U.S. intellectual property, including trademarks and digital copyrights, expanded protection for patents and product approval information, as well as tough penalties for piracy and counterfeiting.
The top opportunities for Virginia exporters in Morocco include:
- Aerospace
- Agricultural Sector
- Energy
- Safety and Security
- Telecommunications
Registration Deadline
Contact
Frequently Asked Questions
Based on past trade missions, we expect 6-10 Virginia companies to participate. The registration process is ongoing until the trade mission is full or the registration deadline has passed.
The trade mission participation fee is $3,500 per company. The participation fee includes the following:
- Identifying, contacting, and pre-qualifying local distributors, representatives, and/or partners, and organizing your meetings with interested prospects
- A “Doing Business In” briefing on the market(s)
- Your VEDP Trade Mission Leader and in-country consultant on hand during the week to ensure everything runs to plan
- Interpreter (if needed)
All travel expenses, such as airfare, hotels, meals, and individual ground transportation, are paid directly by each participant.
In most cases, you will be traveling independently to the locations of the local companies with which you are meeting. Because most appointments will be held at the companies’ locations, travel and other logistics may prevent each delegate from having a minimum of 3-4 meetings each day of the trade mission.
For travel between meetings, our consultants will recommend the most effective method of transportation. This will likely be a local car/driver.
If required, interpreters will be provided for meetings and are included in your registration fee.
Airline tickets: You book (and pay for) your own airline ticket via a local travel agent or a travel website. If you do not have a travel agent, the Trade Mission Leader can recommend one for you.
Hotels: VEDP will recommend a hotel in each trade mission destination. Each participant is responsible for making their own reservations and paying their own hotel costs. We recommend that all participants stay at the same hotel in order to facilitate logistics and to encourage networking with the group.
Contact your local International Trade Manager or the Trade Mission Leader immediately! We only want you to make the trip if we think there is good market potential for your company. We can perform exploratory market research within a short period of time to verify market potential for you.