Business | Economy
Spain eyes increased UAE trade
Spain's economy had been in a long growing phase since the mid-1990s
- By Himendra Mohan Kumar, Staff Reporter, Gulf News
- Published: 00:00 November 26, 2009
Abu Dhabi: Spain's exports to the UAE last year were valued at 1.2 billion euros (Dh6.624 billion), but there's greater potential for expanding trade, Spain's Vice Minister for Trade Alfredo Bonet said on Wednesday.
"Bilateral investment figures continue to be modest and they do not reflect the potential that both economies have," Bonet said in a speech at the second UAE-Spain Investment Summit in Abu Dhabi.
He said Spain's economy had been in a long growing phase since the mid-1990s, with a real gross domestic product increase of three per cent to 3.5 per cent annually.
Business Editor's choice
-
Two Europe banks to inject new cash
Bank of England to pump £50b into UK as ecb mulls second credit offer
-
Nokia cuts 4,000 jobs in 3 countries
Company is struggling to make inroads in the smartphone market
