Sunday, December 10

The Open Market Law will add 1.6% to regional GDP and help create 50,000 jobs




An air conditioning assembly technician in Huelva, or an elevator company that operates in Galicia, may come to Madrid to provide their services in the former or manufacture and sell their products in the latter, without the need for further licences: the Community of Madrid will verify that you have the permit in your region of origin and that will be all. It is the essence of the Open Market Law, which opens the doors to companies and services from all over Spain to enter the Madrid market.

The norm received yesterday the approval of the Governing Council, and now it will begin its process in the Madrid Assembly, where they hope that it can be approved before the summer, calculates the Minister of Economy, Employment and Finance, Javier Fernandez-Lasquetty. It will enter into force three months after its approval.

For the first time

The Law is a pioneer in Spain, and as explained by the counselor, it does not try to take anything away from the other regions, but “just the opposite: to offer its businessmen a market with 6.5 million people, the people of Madrid”. It is not so much that companies leave their regions and move to Madrid, but rather allow them to work here as well, with the minimum of paperwork.

According to the calculations of the regional government, the measure may suppose an increase of 1.6 percent in the regional GDP, a creation of wealth of 4,000 million euros per year, and the creation of 50,000 jobs in the medium and long term.

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The Open Market Law began to be forged in the previous legislature, when PP and Cs governed in coalition. In fact, the Governing Council already approved in January 2021 to start the procedures to approve the draft bill. Then came the elections on May 4, and President Díaz Ayuso – who had this issue in her electoral program – took it up again and now materializes it.

Fernández-Lasquetty does not want to compete with other regions, but “offer their companies a market of 6.5 million people”

The rule will allow the free movement of companies and services in the region. Once it comes into force, it will save paperwork and permits for any company to settle in Madrid and start operating. To settle in Madrid, The permit or license that the companies already have in their places of origin will suffice.. “We assume that the rest of the regulations of the autonomous communities are correct,” explained Fernández-Lasquetty. The intention of the norm is to promote investment, economic reactivation and job creation, they assured in the Executive of Díaz Ayuso.

The regional government ensures that in this way, it follows the guidelines of the European Commission, which recommend measures to guarantee market unity. In the Community of Madrid they denounce that hyperregulation is occurring and a “proliferation of regulations by the different autonomous communities, which segment markets, raise transaction costs, hinder mobility and hamper economic growth and job creation.” For this reason, the new rule also includes the commitment to abolish its own regulation in those cases in which the requirements for access to the activity are greater in Madrid than in other regions.

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A law of Rajoy

The Open Market Law has its origin in a state regulation, the Market Unity Law of 2013, approved when he was president Mariano Rajoy and that it was partially annulled on this point by the Constitutional Court because, as Fernández-Lasquetty explained, “it said that it was something that the State could not do, but the communities that wanted to, and we want.”

The counselor pointed out that one of the companies’ complaints was that “it was necessary to adjust to 17 different regulations, for the same product, and that is something difficult to understand». He and his government are in favor of «Spain behaves as a single market», and with this law, Madrid opens its doors to companies from other regions.

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