Trade Agreement Between India And Spain

India regularly participates in major international trade shows and conferences in Spain: FITUR (tourism), Mobile World Congress (Telecom), CPhI Worldwide (Pharmaceuticals) and Smart City Expo World Congress (Smart Cities). As agreed in the joint statement during PM`s visit, the Third Spain-India Forum was jointly organised by CII and the Spain India Council Foundation in Madrid in November 2017, with the participation of more than 200 companies. In 2017, the Embassy, in collaboration with its local Chambers of Commerce and Industry, organized some 40 trade events to promote trade and investment and showcase the government`s flagship initiatives. These events focused on key sectors such as infrastructure, energy retrofits, food processing, the automotive industry, defence, information technology, smart cities, tourism, agri-food, innovation and gastronomy Relations between India and Spain have warmed since the advent of democracy in Spain in 1978. Diplomatic relations between India and Spain began in 1956 with the opening of the Spanish Embassy in New Delhi. [1] Maharaja Sawai Man Singh II was appointed India`s first ambassador to Spain in 1965. [2] Although the paper focuses on bilateral relations between India and Spain, the authors understand that there are important avenues of cooperation in terms of common interests and joint action within international organizations. In this regard, the EU`s role, analysed in a specific chapter on the impact of EU-India relations on bilateral relations, is particularly important in this regard. The document concludes with a summary of its recommendations to consolidate enhanced cooperation between India and Spain. It is still largely a sub-explorer field with high political, economic, social and cultural potential, and the authors expect to contribute to it. Spain has nearly 40 Indian companies, mainly in the fields of software and IT services, pharmacy, chemistry and logistics. India is among the top 30 investors in Spain in the world and in the top 5 in Asia. In order to give impetus to trade and investment relations, a Joint Committee for Economic Cooperation (JCEC) was established as part of the 1972 Trade and Economic Cooperation Agreement, which has met ten times since then.

The 11th round of the JCEC meeting took place in Madrid in January 2018. The India Spain CEO Forum was established as part of the JCEC in February 2015. The first formal meeting of the CEO Forum was held in Madrid in May 2017.