CaixaBank today organized an informative meeting with more than a hundred businessmen from Castellón to explain the uncertainties and business opportunities in foreign trade with Algeria. The event, called “ Coffee & Break Expert Algeria: uncertainties versus opportunities ”, was held at the Chamber of Commerce in the Castellón capital.

The director of the CaixaBank representative office in Algeria, Leila Smaili, spoke about exports, the latest regulatory changes and Email Data the impact they have had on the sales of companies in the Castellón area that have been influenced by significantly during the past year, since these regulatory variations have affected the main sectors of the province.

CaixaBank's Foreign Trade specialist in Castellón, Joan Font, who spoke about collection risks in Algeria, highlighted the importance of the Algerian market for Castellón's exports due to the proximity of the market and its product needs, basing his presentation on the analysis of the collection methods that the Algerian government authorizes for its imports and the collection risk that the exporter assumes in each of them.

During his speech, Smaili highlighted the importance of CaixaBank's foreign network, and more specifically what the Algerian Representative Office can help the Spanish exporter.

This event is one of the activities that CaixaBank organizes for its business clients, with the aim of advising them on specialized products and services, especially in foreign markets. In this sense, Smaili has highlighted the importance of the financial institution's foreign network in supporting Spanish exporters and how the Representative Office in Algeria can help them.

The changes made in foreign trade by the Algerian authorities have seriously affected the export of ceramic tiles to the Maghreb country, which in recent years had become one of the best clients of the Castellón tile industry.

CaixaBank is one of the leading entities in offering foreign trade advice to Spanish companies, with financial solutions that facilitate clients' exports and imports. The entity supports 127 countries through operational branches, representative offices, correspondent offices and banking holdings that, together with the specialized managers who work in the Spanish offices, offer the best advice for companies' operations abroad. The service is available both for SMEs and micro-businesses that are starting their export activity, as well as for large corporations and business groups that face more complex international projects.