Deals on the table for Xi in Spain

China | 28 Nov 2018 11:50 am

President Xi Jinping arrived in Spain yesterday for the first leg of an international tour that is being clouded by souring trade clashes with the United States, the only economy larger than China.

Spain and China are expected to sign around 20 intergovernmental and business agreements today, including rules to avoid double-taxation and a deal to export on-the-bone legs of Iberian ham to China. Both countries will also explore joint bids in infrastructure, energy and telecommunications projects in Africa and Latin America, a Spanish top official said.

But the official, who was not authorized to be named, emphasized that Xi and Spain’s Socialist prime minister, Pedro Sanchez, will also upgrade their countries’ "strategic framework relationship” to reflect Beijing’s greater influence in world affairs since the last state visit, in 2005.

That move also aims to respond to the uncertainty raised by trade tensions between Beijing and Washington and a stricter European Union approach to Chinese investment since the bloc’s parliament approved a new screening scheme to shield strategic sectors in its member states.

"In the past 13 years, one of the partners in this bilateral relationship has become more active and assertive internationally,” said Mario Esteban, an expert with Spain’s Royal Elcano Institute, an official think tank. "Spain needs to acknowledge that while positioning itself for opportunities.”

Britain’s departure from the EU also makes Spain attractive to Beijing, Esteban said, as the country is seen as "friendlier” than other European countries.

Spain and Portugal, for example, were among the countries whose ambassadors didn’t back a letter by 15 Western diplomats about China’s rights record in the restive Xinjiang region.

"We hope and believe that Spain will continue to play a positive role in the EU for the sound and steady growth of China-EU relations,” according to a commentary signed by the Chinese president in Spain’s ABC, a conservative daily.

The Spanish government says it will not officially back China’s "One Belt, One Road,” a global multi-billion-dollar infrastructure loan initiative that many developing countries have embraced and that richer countries view with wariness.

Xi arrived at a private terminal in Madrid’s airport accompanied by China’s first lady, Peng Liyuan, as well as Chinese entrepreneurs and other Communist Party officials.-AP

Search Archive

Advanced Search
January 2020

Today's Standard

Yearly Magazine

Yearly Magazine