Cuatrecasas, Gonçalves Pereira hots the VI Spain-U.S. Business Forum


From left to right: Alan D. Solomont, Luis de Guindos, Rafael Fontana y José Luis Bonet.
From left to right: Alan D. Solomont, Luis de Guindos, Rafael Fontana y José Luis Bonet.

The Transatlantic Trade and Investment Partnership's (TTIP) important role in establishing a framework for understanding regulations in which European and US businesses can create wealth and welfare was the common denominator in presentations at the Sixth Spain-U.S. Business Forum, once again hosted by Cuatrecasas, Gonçalves Pereira.

The event, which took place in the Madrid head office, was once again the meeting of reference for entrepreneurs, experts and political leaders from Spain and the US to exchange knowledge, strengthen synergies and identify business opportunities on both sides of the Atlantic.

For Cuatrecasas, Gonçalves Pereira, with offices in New York, the US represents a strategic market and a bridge with Latin America.

Attendees at the sixth year of this top-level meeting included Luis de Guindos, Minister for Economic Affairs and Competitiveness; Alan D. Solomont, former US Ambassador to Spain and current chair of the Spanish Chamber of Commerce in the US; and José Luis Bonet, chair of the Spanish Chamber of Commerce.

Rafael Fontana, the firm's Senior Partner, opened the event, highlighting that, “history has shown that international trade increases prosperity in both importing and exporting nations.”

De Guindos also shared some figures regarding the effect the TTIP would have on Spain such as “the creation of 330,000 new jobs in five years, a yearly increase of 0.7% in the GDP and an improvement in wages.”

Antonio Barba, partner from the firm's Tax Practice, participated in one of the panels to explain the importance of understanding the US regulatory framework when planning investment, given that, “it is a country that has three federal tax rates as well as state taxes.”

Jaime García-Legaz, Secretary of State for Trade; David Vegara, Former Secretary of State for Finance; Jochen Müller, representative of the European Commission in Spain and Charles Powell, Director of the Elcano Royal Institute also attended the meeting.