Published on : Wednesday, May 16, 2018
The report said, “Our economic and trade relations are advancing at a good pace and China is the main economic and trade partner of Spain in Asia and the main destination for Spanish exports in Asia.” Last year, exports from Spain increased by 24.4 percent to 6.2 billion Euros (7.3 billion U.S. dollars).
Economy Minister Roman Escolano said, “Almost 15,000 Spanish companies export to China and some 600 more are in that country, in sectors such as energy, automotive, financial services, industrial technology, agri-food and consumer goods, but we must aspire to improve these figures.”
“China and Europe (and Spain) defense free trade. We are on the same side, defending external openness as a tool for progress, economic growth and job creation”, the minister added.
Escolano said that in recent years, Spain has become an attractive destination for China because of the lucrative opportunities it offers as a bridge towards Europe, Latin America and Africa.
Both countries share more than trade relations.
“The rise of the middle classes explains the growing importance of Chinese tourism in Spain, which grows at annual rates of 30 or 40 percent,” Escolano said, adding that “there are also cultural, educational and social ties”.
Tags: china, Spain in Asia