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India-Spain Relations

India-Spain Relations

At the invitation of India’s Prime Minister, President  of Spain Mr. Pedro Sanchez, visited India recently.

Key Highlights of the India-Spain Joint Statement

  • Defense Partnership: PM Modi and President Sanchez jointly inaugurated a C-295 aircraft assembly line in Vadodara, Gujarat, promoting India’s “Make in India” initiative.
  • Economic and Commercial Cooperation: Both leaders agreed to strengthen ties through initiatives such as a “Fast Track Mechanism” and the ‘India-Spain CEOs Forum’.
  • India-Spain Year of Culture, Tourism, and AI (2026): The leaders designated 2026 as a special year to promote cultural exchange, tourism, and collaboration in artificial intelligence.
  • Global and Regional Cooperation: The leaders emphasized multilateralism, supporting each other’s UNSC candidatures, and collaborating on climate action and renewable energy. 
  • Commitment to EU-India Relations: India and Spain expressed their support for the India-EU Free Trade Agreement and the India-Middle East-Europe Economic Corridor Project (IMEEC).

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India Spain Bilateral Relation

  • Enhanced Bilateral Relations: President Pedro Sanchez’s visit to India revitalized the India-Spain relationship, strengthening ties in areas such as political, economic, cultural, and security cooperation
  • Diplomatic Ties: India and Spain established diplomatic relations in 1956.
  • Economic Cooperation: 
    • Largest trading partner: Spain is India’s 6th largest trading partner within the European Union.
    • Trade: Total trade in 2023 was US$ 8.25 billion, marking a 4.2% increase from the previous year.
    • Foreign Direct Investment:India ranks among Spain’s top 30 global investors and top 5 from Asia.
    • India-Spain Joint Commission on Economic Cooperation (JCEC): Established in 1972; has met 12 times, with the latest meeting in April 2023 in New Delhi.
    • India-Spain CEOs Forum: Founded in 2015; the first formal meeting took place in May 2017 in Madrid.
  • Strategic Significance
    • Counter-Terrorism: Both countries actively collaborate on counter-terrorism and intelligence sharing, recognizing shared concerns over global terrorism.
    • Defense: Spain supports India’s defense modernization, providing aerospace and naval technology expertise.
  • Sustainable Development and Climate Action
    • Commitment  to the Paris Agreement: India and Spain are committed to the Paris Agreement and actively support climate change and sustainable development goals.
    • International Solar Alliance (ISA): Spain’s ISA membership aligns with India’s focus on promoting solar energy and sustainability.
  • Multilateral Cooperation
    • United Nations: Joint efforts on global peace, sustainable development, and humanitarian aid.
    • G20: Both countries address global economic challenges, trade reforms, and climate action.
  • Indian Diaspora in Spain
    • Population: Approximately 55,000 Indians resided in Spain as of 2023. They Contribute actively to sectors like hospitality, retail, IT, and healthcare.

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 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

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 Final Result – CIVIL SERVICES EXAMINATION, 2023.   Udaan-Prelims Wallah ( Static ) booklets 2024 released both in english and hindi : Download from Here!     Download UPSC Mains 2023 Question Papers PDF  Free Initiative links -1) Download Prahaar 3.0 for Mains Current Affairs PDF both in English and Hindi 2) Daily Main Answer Writing  , 3) Daily Current Affairs , Editorial Analysis and quiz ,  4) PDF Downloads  UPSC Prelims 2023 Trend Analysis cut-off and answer key

Quick Revise Now !
AVAILABLE FOR DOWNLOAD SOON
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध
Quick Revise Now !
UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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