Us Spain Trade Agreements

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Reott then referred to the concrete economic figures that illustrate the Spanish-American trade partnership. He said Spain is the 25th largest trading partner of the United States, with $24 billion in goods and $12.4 billion in services negotiated, while the United States is Spain`s sixth-largest. In terms of investment, Spain is the eleventh investor country in the United States to support more than 81,000 American jobs, while the United States is the largest investor in Spain, which employs 178,000 people and from the east of neighboring European countries such as Italy, France, Germany and the United Kingdom. These trade and investment relationships are strong, Reott said, supporting a successful partnership between the two countries. Following negotiations on the US-EU trade agreement, announced in a joint statement in Washington in July 2018, an executive working group was established to remove transatlantic trade barriers, including the elimination of non-automatic industrial tariffs and non-tariff barriers. As a result of these negotiations, for example, the LNG forum was organised by both governments and was organised in early May 2019 by the EU,, with plans for another major forum in July 2020. Spain participates in various bilateral agreements through the Ministry of Education, Culture and Sports, the most important are the most important: during the previous government, said Reott, this role of mediator was simpler, with not much controversy. But times have changed as the world tries to grasp America`s new role in world affairs and understand whether protectionism is the path it is taking. He said that much of the background noise that dominates the discussions tends to stand in the way of effective policy-making objectives and development, and that this must be put aside to allow for open and honest dialogue and for the agreements to be successful, especially because Spain and the European Union are very oriented towards the general objectives of the United States.

The United States is a member of the World Trade Organization (WTO) and the Marrakesh Agreement establishing the World Trade Organization (WTO) contains rules for trade among the 154 members of the WTO.