November 28, 2007

China-Spain forum to foster trade ties

The China-Spain Forum in Madrid this week will help entrepreneurs from both countries establish closer ties and share industry insights.

Carlos Blasco, Spanish ambassador to China, said the two countries can gain rich inputs from each other as Spain is experienced in Latin Amercia, the US and EU. China on the other hand is more experienced in Asian and African markets.

The two-day forum, which starts today, will allow economic committees to discuss how to use these experiences for a more fruitful output.

About 600 officials and entrepreneurs from China and Spain will attend the forum to discuss on varied topics like inter-city cooperation, environmental protection, development of cultural industry and cooperation in the sport industry before the 2008 Beijing Olympics.

Blasco cited China's agreement to Spanish pork imports as beneficial to both sides. The huge demand in China led to sharp rise in pork prices. Spain on the other hand can easily ship needed pork to China, as it remains the world's fourth largest producer.