Conference: Stimulating investments in the Mediterranean-FEMIP’s role
- Dec 16, 2004
09.00h - 14.00h
Confederación Española de Organizaciones Empresariales (CEOE)
CEOE headquarters Conference Hall, Diego de Leon 50, 28006 Madrid.
Under the aegis of the Spanish Ministries for Economy (Ministerio de Economía y Hacienda) and Industry, Tourism and Commerce (Industria, Turismo y Comercio) the Facility for Euro-Mediterranean Investment and Partnership (FEMIP) is holding a Conference in Madrid in cooperation with the Confederación Española de Organizaciones Empresariales(CEOE).
The Conference will be opened by Mr. David VEGARA, Secretary of State for Economy, Ministerio de Economía y Hacienda, Mr. José María CUEVAS, President of CEOE, Mrs Isabel Martín Castellá, Vice-President of the EIB, and Mr Philippe de Fontaine Vive, Vice-President of the EIB in charge of FEMIP, who will also present the conclusions.
The conference, will review the region's achievements and prospects, and examine investment needs and priorities in order to stimulate Spanish entrepreneurs and financial institutions to invest in the Mediterranean Partner Countries (MPCs).
A broad range of speakers from Spain, the MPCs as well as the European Commission and FEMIP, as well as from other economic organisations operating in these countries will address some 150 eminent participants. The programme (cf. attachment) is structured as to allow a fruitful discussion. The panel of speakers will introduce the issues for each session and an open debate will follow on issues of immediate business interest and concern for the economic cooperation and development of the Mediterranean region. A series of investment contacts will follow the conference in Madrid on the same day and Valence on the 17th December 2004, in cooperation with the Centro EuroMediterráneo de Cooperación Empresarial (MEDVALENCIA).
FEMIP is a major step forward in financial and economic cooperation between the Union and the Mediterranean Partner Countries (MPCs). Since its establishment in Barcelona in 2002, it has foreseen a total lending up to EUR 8-10 billion in the MPCs by 2006. Its top priority is to promote and support private sector development (especially SMEs and FDI) and facilitate projects helping to establish a favourable climate for private investment (economic infrastructure, health and education schemes). FEMIP's ultimate goal is to help the MPCs meet the challenges of economic and social modernisation and enhance regional integration in the run-up to the creation of a Euro-Mediterranean free-trade area planned for 2010.