May 12, 2021

The agreements signed in the visit of Xi to Spain reached 15,449 million euros

The agreements signed in the visit of Xi to Spain reached 15,449 million euros



The ten agreements signed between Chinese and Spanish companies in the framework of the visit to Spain of the President of China, Xi Jinping, reached about 17.600 million dollars (15,449 million euros), reported Chinese state television CGTN.

The agreements "represent a new record in the commercial and economic cooperation of China and Spain," said Ministry of Commerce spokesman Gao Feng quoted by the CGTN.

These agreements were signed in sectors such as "finance, telecommunications, environment, machinery, vehicles and medicines," specified Gao.

The commercial agreements were signed by companies such as Telefónica, Técnicas Reunidas, Seat, Abengoa and Indra.

To this was added a memorandum of understanding between the Official Credit Institute (ICO) and the Bank of China, and another between the Port of Algeciras and the Ningbo Zhoushan Port Group, according to the Spanish authorities.

The economic-business dimension of the visit was reinforced by the establishment of the Chinese-Spanish Business Advisory Council, in which representatives of 15 important Chinese and 15 Spanish companies participated.

According to data from the Ministry of Commerce, in the first nine months of this year the volume of bilateral trade between China and Spain reached 25,350 million dollars (22,247 million euros).

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