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China and Spain Work Together to Create a New Chapter in the Belt and Road

Update Date:2018-11-29 17:24:03 Source:Tannet (Malaysia) Sdn Bhd Views:613

·   The Central European trains (Yixinou) connecting Yiwu and Madrid have operated about 570 trains in the past four years and shipped nearly 46,000 standard containers.


·  Spain's 13 autonomous regional governments, major seaports and inland ports have established cooperative relations with “Yixinou” to participate in the construction of the train.


·   The Port of Valencia is the largest port in the Mediterranean and will be an important gateway for China to strengthen its economic ties with Spain and throughout Europe.


·   The two countries have successfully built a number of projects in the Middle East, Africa, Latin America and other places through financing and technical cooperation.

            The two sides should strengthen cooperation in economy, trade, tourism, and third-party markets within the framework of the "Belt and Road" to promote the comprehensive strategic partnership between China and Spain to a new level in the new era.


            Local time on the evening of November 27, when President Xi Jinping met with King Felipe VI of Spain, he expressed his ardent expectations for the establishment of the “Belt and Road” between China and Spain, which encouraged the entrepreneurs of the two countries. They all expressed their belief that President Xi’s visit will bring more favorable news to the economic and trade cooperation between the two countries and open up more room for development.


            In recent years, Spain, which ranks among the top in the economic growth rate in developed countries, has benefited from economic and trade cooperation with China. Today, bilateral trade volume has exceeded the USD 30 billion mark. Spain is an indispensable economic and trade partner of China in Europe. China is also Spain's largest trading partner outside the EU. The “One Belt, One Road” link is connecting more and more Chinese and Spanish people to jointly write a new chapter on the ancient Silk Road.


            On November 28th, along with the train whistle, a Central European train of "Yi Xinou" carrying Spanish goods such as red wine, maternity products, high-end kitchen utensils, sanitary ware, motor oil and auto parts, drove out of the Madrid Abronica freight train station. It headed to Yiwu, China. Just a few days ago, this train just brought products of "Made in China" from Yiwu, such as daily necessities, clothing, luggage, hardware, and home appliances.


            Now, "Yixinou" maintains three trading trip per week from Yiwu to Madrid and one trading trip per week from Madrid to Yiwu. The trade has become “reciprocal." Spain's 13 autonomous regional governments, major seaports and inland ports have established cooperative relations with Yixinou and participated in the construction of the class.



            In 2017, Yiwu’s imports from Spain reached USD10.105 million, a year-on-year increase of 106.97%. In the words of Juan Lazaro, vice chairman of the Federation of Spanish Entrepreneurs, “Central European trains (Yixinou) is creating opportunities in Spain.” Located in southeastern Spain, Valencia is an important silk production and trading center in the history of Spain. Currently, the port of Valencia is the port with the largest container throughput in the Mediterranean region, with a region covered by a radius of 350 km accounting for more than 55% of Spain's gross domestic product (GDP). The Director of the Port Authority of Valencia, Aurelio Martinez, told reporters that "almost 50% of Spain's total import and export with China is carried out through the port of Valencia."


            “The Chinese team brings advanced management concepts and management models which bringing new opportunities to the port city of Spain and bringing benefits to the people,” said Mar Chao, director of the strategic development department of Valencia Port. In the first 10 months of this year, Noatum Port Company completed a total of 3.031 million TEUs, an increase of 12.8%. Among them, the completion of 326,000 TEUs in May created the highest container record in the month since its establishment. On July 1 this year, Noatum Port Company established a railway service company, connecting the Spanish port and the hinterland by rail, creating a new transportation hub to allowing more goods to be transported from Spain to the EU.


            "At present, the Company had 416 employees, of which only three Chinese expatriates Together with more than 1,000 service outsourcing, we have created a total of more than 1,500 local jobs." said CEO of Noatum Port Company Sun Kai. "Strengthening economic and trade exchanges with China has become our consensus. The Port of Valencia hopes to become an important gateway for China to strengthen economic ties with Spain and even Europe as a whole," Martinez said.


            In recent years, China and Spain companies have successfully built batches of projects in the Middle East, Africa, and Latin America through financing, division of labor, technical cooperation, and formation of a consortium. Mendes, Secretary of Ministry of Industry, Trade and Tourism of Spain, said: "The third-party market will be the top priority for cooperation between the two countries. China and Spain companies have complementary advantages in various fields, which can not only strengthen third parties in Latin America and Africa. The cooperation of the market can also jointly develop other countries and regions along the 'Belt and Road'.


            “Spain construction companies have strong technical strength and rich experience in management and operation. They are leading the implementation of several large-scale infrastructure projects in the world and are leading the international rankings of many industries,” said Peña, CEO of the Spanish Foreign Trade and Investment Promotion Agency. The cooperation of the China and Spain in the third-party market is conducive to the double improvement of the “quantity” and “quality” of bilateral cooperation.


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