Spain, an ally for Beijing against Trump protectionism

Spain, an ally for Beijing against Trump protectionism


MadridUpdated:

China and Spain have staged a commitment against protectionism and in favor of multilateralism, in reference, without mentioning it, to the protectionism wielded by the president of the United States, Donald Trump. The own joint declaration of both countries details it: «Spain and China are betting on a global, open global economybalanced and inclusive based on the rules of the WTO, reaffirm their commitment to fight against protectionism and unilateralism, "they assert, in what positions Madrid on the side of Beijing, in the tariff war that Trump maintains with China but also with the European Union itself. This statement also highlights the commitment of both countries to the "promotion and protection of human rights and fundamental freedoms".

Thus, in the first state visit of a Chinese president in thirteen years, Xi Jinping and Pedro Sánchez They met yesterday to shore up the mutual relationship between the two countries, in a meeting full of commercial and institutional agreements. Among the latter, Spain and China signed a pact to cooperate in third markets, in an edge that points towards the position of «Gateway of Spain to Africa, Ibero-America and the Middle East», described the Chinese Minister of Commerce, Zhong Shan, who saw himself in CEOE with his counterpart, Reyes Maroto, and highlighted sectors such as energy, tourism, finance, infrastructure or the environment, given the strong interests of China in Latin America. and Africa.

Xi Jinping himself has committed himself, in the Senate, to open his markets "abroad" in particular to the «Investment and protection of intellectual property» and lawyer because the relations with Spain scale «new steps». Xi recalled that 130 million Chinese citizens go abroad every year and 500,000 travel to Spain, a figure that could increase, according to his words.

Because the meeting had a marked economic aspect. Among the results of the summit, the signing of the protocols to allow the Export of cured products and table grapes to China, which opens Serrano ham to the Asian market, the largest in the world in consumption of pork products. A double taxation agreement was also signed.

On the side of large companies, the Chinese-Spanish Business Advisory Council which met yesterday at the El Pardo Palace, representatives of Gestamp, Alsa, El Corte Ingles, Antolín Group, Iberia, Indra, Mondragón Group, Siemens Gamesa, Técnicas Reunidas, Repsol, Meliá, Maxam, Osborne, LaLiga, BBVA and Grupo Santander.

Subsequently, at the CEOE headquarters, Zhong Shan has cited the importance of the trade agreements signed in 1,760 million dollars (1,547 million euros), in reference to the ten initialed by Chinese and Spanish firms, including the Official Credit Institute, Abengoa, Barcelona Housing Systems, Telefónica, Técnicas Reunidas, Tecnatom, Port of Algeciras, Seat Group, Indra or the Hospital Clínic de Barcelona .

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