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Spain

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Submitted By skuld
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Spain‘s trade take very important place into the nation‘s economy, the country‘s trade polocy has similarities to the other nations of European Union. Like EU Spain has also non-trade barriers mainly in primary and secondary business. http://www.economywatch.com/world_economy/spain/export-import.html Import and export structure of the economy
Spain has a numerous of countries as a partners of export and import of product and the range of these product is even bigger but the focus falls on the main ones . The countries from the European Union are the most important partnes for Spain, in 2013 65% of the foreign trade comes from there, main partners are France with 18% of total exports and 11% of total imports and Germany with 15 % ot total exports and 8 % of exports, othe partners are - Italy, Portugal, United Kingdom, China. The most exported products out of Spain are - food 13 %, cars 11 % and fuel 5 %. The main import of product are fuel, high added value goods, food and chemicals.

http://www.tradingeconomics.com/spain/balance-of-trade http://www.ingcb.com/media/231182/spain.pdf Political system of the economy
The global economic crisis hit Spain hard in 2009 and the Prime-minister José Luis Rodríguez Zapatero of the Spanish Socialist Workers Party then decided to make some changes by increasing the unemployed ebenefits and spend money on public works to slowdown the crisis but instead of that, combined with some some other unpleasant conditions, it led the country‘s budges deficit to grow even more rapidly. Since this Prime- minister failed in November 2011, the elections won the conservative Popular Party, led by Mariano Rajoy. Under their ruling Spain face the largest budget deficit–reduction plan in the country’s history and in June 2012 the European Union announced a bailout of €100 billion for the Spanish economy and now the unemployment rate is

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