The central and regional governments are committed to internationalizing the Canary Islands' economy

The Secretary of State for Trade, Amparo López Senovilla, and the Vice President and Minister of Economy of the Government of the Canary Islands, Manuel Domínguez, have this Wednesday committed to the internationalization and diversification of the autonomous community's economy.

They spoke about this commitment before the meeting of the advisory council for the Strategic and Commercial Promotion of the Canary Islands, whose objective is to increase exports from the islands and attract investment to the archipelago.

Before the meeting, the Secretary of State for Trade pointed out that the meeting would also address increasing exports and attracting foreign investment, as well as training for internationalization and diversification of markets, something in which, she added, the Canary Islands stands out as a logistics center for Africa and Latin America.

Amparo López Senovilla commented that the central government's commitment to the internationalization of the Canary Islands' economy is demonstrated in decisions such as that of the Council of Ministers, which this Tuesday approved a royal decree to allocate 500,000 euros to the Canary Islands' executive for that purpose.

The Secretary of State explained that since 2018 the central government has allocated 4.5 million euros to the internationalization of the Canary Islands' economy.

She also emphasized that the central government makes available to the regional government all the instruments it has for the internationalization of the Canary Islands' economy, and added that the Canary Islands is the autonomous community that makes the most requests for that purpose, especially for projects in Africa.

The Vice President and Minister of Economy, Manuel Domínguez, thanked the Council of Ministers for its decision, and indicated that those 500,000 euros are in addition to the approximately 9 million euros that the Canary Islands' executive allocates to the internationalization of the islands' economy.

Manuel Domínguez stated that Latin America is one of the main objectives for internationalizing the Canary Islands' economy, beyond Africa.

He also mentioned that this year, training for young people from the archipelago will be carried out in three phases: theoretical, practical, and incorporation into companies, to help them seek business abroad.