ACP<\/a> (Portuguese Association of Automobile Clubs), Nuno Botelho, the study \u201cconfirms, based on rigorous scientific evidence, what many companies are already beginning to feel on the ground, namely that the growing instability of international trade has asymmetrical effects and particularly penalizes regions with a strong industrial and export base, such as the North of the country\u201d.<\/p>\n In statements to Lusa (Portuguese news agency), he stressed that \u201canticipating these impacts is essential so that companies and policymakers can react promptly and with effective measures\u201d.<\/p>\n
The document recommends that, \u201cin the short term, the Government should pay particular attention to the sectors most exposed to the increase in US tariffs and the possible European economic slowdown\u201d.<\/p>\n
These should \u201cbe the subject of selective public support, based on a rigorous diagnosis and business consultation, aiming to avoid drops in demand, production and employment and to increase the efficiency of the affected exporting companies\u201d.<\/p>\n
Companies should, the document says, seek \u201cmarket diversification.\u201d<\/p>\n
\u201cThe initiation, integration, or development of strategic alliances constitutes one of the most promising paths, generally making it important to explore the additional potential of belonging to the European Single Market and the special relationships with African and Latin American countries,\u201d it notes.<\/p>\n
\u201cThese actions would make sense even without changes to US tariff policy, given that the geographical concentration of Portuguese exports is clearly excessive,\u201d they argue.<\/p>\n
On the other hand, \u201cstructural adaptation of companies should be encouraged to clearly reduce competitiveness gaps.\u201d<\/p>\n
According to the document, \u201cincentives for innovation, differentiation, technological modernisation and digitalisation should be particularly relevant; possible tax changes (elimination of the state surcharge or reduction of corporate income tax) and the strengthening of logistics infrastructure (investment in ports), along with support for small and medium-sized enterprises (with the development of specific programs).\u201d<\/p>\n
It will also be \u201cimportant\u201d to have \u201can adequate response at the level of public policies, with Portugal’s reaction primarily following efforts at the European level.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The document, which Lusa had access to, warns that it can be stated, \u201cwith a high degree of…\n","protected":false},"author":2,"featured_media":443979,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":{"0":"post-443978","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/443978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=443978"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/443978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/443979"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=443978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=443978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=443978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}