Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Economic relations between the two countries have been bolstered in recent years with a rising number of trade missions and high level official visits, following which more Spanish companies have established a presence in the UAE, and the UAE investments in Spain have witnessed sustained growth.
The UAE-Spain Joint Economic Committee has become a major contributor to boost trade and commercial ties between the two countries. The bilateral trade between the countries has registered 75 per cent growth over the last three years, from 1 billion Euros in 2009 to 1.75 billion Euros in 2012.
Spanish minister stated "Many Spanish Companies are world leaders in their respective sector: in transport infrastructure, civil engineering, financial services, and information and communication technologies, among others”.
The UAE also expressed interest in enhancing cooperation with Spain in key areas such innovation, renewable energy, petro-chemicals, construction, education, healthcare, transportation and tourism. Bilateral flow of tourists reached close to 70,000 people in 2012, driven by the increased air connectivity between our countries.
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