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Israel and Spain Are Moving Toward Closer Trade Relations

Israel and Spain are moving closer to trade relations since the two countries established diplomatic ties early this year. The Spanish Minister of Trade, Luis Valesco, will visit Israel early next year and an Israeli trade delegation will go to Spain next month.

The visits were arranged between the Spanish Minister and the Israeli Minister of Commerce and Industry, Ariel Sharon, during a conference of the member states of the General Agreement on Tariffs and Trade (GATT) in Punta Del Este, Uruguay. Representatives from more than 90 countries attended.

The Israeli delegation will go to Spain as part of a trade committee to discuss strengthening economic and commercial ties. At Sharon’s suggestion, a special official was appointed by the Spanish Trade Ministry to advance commerce between Israel and Spain. Israel has appointed an official for the same task.