The government has approved the Antiarceles Decree. Thus the Commercial Response and Rejoice Plan is launched. THE OBJECTIVE: Break the effects of the new tariffs imposed by Donald Trump and give oxygen to the most exposed Spanish companies.
The plan mobilizes 14,100 million euros in five large support lines, from public guarantees to export insurance or accounting measures.
Who can benefit?
- Companies that export to the United States.
- Importers that depend on American products or services.
- Companies suppliers with commercial links with the United States
Both SMEs and large companies can be eligible, provided they prove a exhibition “significant, direct or indirect” to the US market. The approved decree indicates that it will be the Council of Ministers who determines the applicable thresholds.
The 5 key aids and how to prepare
Below we present a list of the key aid approved by the Government.
1. Public guarantees for 5,000 million
They will allow companies access credits with the support of the State. They can be used to meet liquidity needs or finance productive conversions.
What to do now?
- Check your degree of exposure to the US. Identify whether you sell, buy or depend directly or indirectly on the US market
- Prepare balances and projections. They will help you to show how change affects you and access aid.
- Check with your bank if you plan to operate these lines.
- Wait for the agreement of the Council of Ministers with the official requirements.
2. Background for the Internationalization of the company (FIEM) Expanded
Finance Related Export or International Investment Projects. A ceiling of 700 million euros is authorized, including 20 million in non -refundable aid, to especially support the companies most affected by the new commercial barriers.
What to do now?
- If you have a pending international project, create a detailed dossier of your export or investment project abroad.
- Contact Spanish Institute of Foreign Trade (Icex) or the Ministry of Commerce. These institutions can guide you on how to access FIEM funds, what documentation to present and how to fit your project in the priority internationalization lines.
- Be sure to meet the technical and financial criteria. Your company must demonstrate financial viability (ability to face the project) and technical (experience, media and clear plan). This guarantees that the project is solid and aligned with the objectives of the FIEM.
3. Cexful coverage up to 15,000 million euros
The public insurance offered by the Spanish export credit insurance companywhich covers commercial and political risks, expands. At least 2,000 million euros will be reserved for companies affected by the tariff effect.
What to do now?
- Request a policy from Cesce. If you export or have customers abroad, Cesce protects you against commercial or political defaults. When operating on behalf of the State, it offers more coverage in risk markets and better conditions than private insurance.
- Gather documentation: contract, payment plan, customer info. To process the policy, you will need to present the export contract, the agreed payment calendar and key data of the buyer (name, country, commercial history, etc.). CESCE will use this information to evaluate the risk and calculate the insurance premium.
- Use the policy for Improve bank financing conditions. Once Cesce ensures the operation, you can present it to the bank as a guarantee. This reduces the risk for the financial entity, which usually translates into better financing conditions.
4. Dear system
This mechanism compensates for banks to finance exports with reduced types.
What to do now?
- Ask your bank if you work with the Interest reciprocal adjustment agreement. Cari It is an instrument that eliminates the risk of interest rates in export operations. Not all banks apply it, so the first thing is to confirm if your entity participates in this system.
- Prepare the operation next to Official Credit Institute (ICO). If your bank operates with Cari, you must coordinate the operation with the ICO, which manages this mechanism. Cari covers the difference between the bank’s financial costs and what he receives as an interest, which It facilitates more accessible loans for you.
- You will need safe Cesce. To access Cari, it is essential that the operation is secured by Cesce with a minimum coverage of 95 %. This guarantees the ICO and the bank that, if the buyer does not pay, the risk is almost completely covered.
5. Suspension of the cause of dissolution
Normally, if a company accumulates many losses and its Net Equity Low below half of the share capitalthe law forces to dissolve it or take urgent measures (such as providing more capital).
What this Royal Decree-Law does is give a break To companies:
The losses suffered in 2020 and 2021 (by the pandemic)They will not take into account until the closing of 2025 To calculate if a company must dissolve for that reason.
Why is it important?
Because many companies are still recovering from COVID-19. This measure gives them More time to clean up your accounts without automatically facing a legal obligation to close.
How will the funds be distributed?
The criterion will be territorial will be assigned according to the weight that each autonomous community had in exports to the US. In 2024.
When can it be requested?
Not yet. The decree sets the legal framework, but the Council of Ministers lacks to publish an agreement with the conditions and procedures. That will be the departure gun. Even so, you can start planning and anticipating.
What can you do today
- Evaluate your degree of exposure to the US market. Identify whether you sell directly to the US. Or if part of the supply chain of companies that do so. This review will allow you to know if you could be a beneficiary of public aid and prepare before the exact requirements are published.
- Gather your financial documentation. Having balances, projections and export figures will give you advantage when the guarantees or financing lines are opened. The most prepared companies will be the first to access.
- Contact your bank, the ICEX or CESCE. Check if your entity will operate the new support lines. ICEX can guide you on what funds are available, and Cesce will explain how to ensure your operations to opt for better financial conditions.
- Follow the BOE and the website of the Ministry of Economy. There, the agreements of the Council of Ministers that will define the access criteria will be published. Being attentive will allow you to act quickly and not lose opportunities