Cooperation Agreement to Promote Knowledge of the Canarias Economic and Fiscal Regime
Canary Islands Government Implements New Cooperation Agreement on the Régimen Económico y Fiscal (REF)
Overview
The Spanish Canary Islands government has formalized a new cooperation agreement aimed at educating the public and professionals about the Canary Islands' unique economic and fiscal system, known as the Régimen Económico y Fiscal (REF). Signed on September 29, 2025, by the regional Ministry of Finance and the College of Economists of Santa Cruz de Tenerife, the deal establishes a framework for
- training sessions
- workshops
- seminars
that explore the history, development, and economic impact of the REF.
Focus and Goals
This initiative emphasizes the importance of the REF, which has significant implications for the islands' economy and public policies. By increasing awareness and understanding among:
- economists
- professionals
- the general public
the government hopes to foster better knowledge of how the system shapes regional economic strategies.
Funding and Logistics
- The agreement allocates €2,600 to cover speaker fees and travel expenses for activities outside the capital.
- The College of Economists will handle logistics and organization.
The activities are set to run until December 2025, with potential extensions.
Transparency and Promotion
Transparency measures include:
- joint promotion on social media
- clear branding of both parties
Conclusion
Overall, this move underscores the regional government’s effort to highlight the REF's role in the islands' economic future and ensure informed debates on its benefits and challenges.