Trump’s fees -10% Universal and 20% have been announced for EU products -they have reversed the world, which is already a week. Now, the best world powers are ready to deal with this business war. To do this, the head of the government, Point Pedro Sanchez, was on his way to Vietnam and China on Wednesday, with two countries that have been affected by US rates with the aim of diversifying markets to these countries.
During this first visit to Honey, Sanchez defended the Independence Trade with his Vietnamese opponent Pam Min Chin, with which he opened the agenda of official visit to the Asian country. A Spanish Executive Chairman.
Before he warned, “We are the steadfast guards of free trade to achieve our people’s growth and prosperity,” he said: “No one is interested in the business war. In that order, he continued: “We all miss, and Especially who loses the workers of our communities and the middle class“.
But what is free trade?
Free trade in a Economic opinion that protects or reducing business obstacles such as feesImport fees and restrictions on foreign investment. The idea of this model is to make it easier to exchange goods, services and capital among countries, which, according to their guards, promotes economic growth, efficiency, competitiveness and consumer well -being.
Bilateral trade agreements are made when the two countries agree to make business restrictions more flexible to expand business opportunities, while a wide variety of contracts between three or more countries.
In which countries do Spain have the Free Trade Agreement?
Spain is a member of the EU (the EU), not only nationwide, but also by the European Union’s general business policy. Spain is currently some of the major free trade agreements beyond the EU:
- Canada .
- Japan: This is one of the largest contracts between the EU and the countries outside Europe, eliminating fees in many sectors and improves access to markets.
- Singapore: It helps to trade with this little but dynamic Asian country, reduces obstacles for European products.
- South Korea: This free trade agreement has been eliminated and has improved access to major markets for products such as vehicles, machinery and electronic products.
- Mexico (Modernized): The agreement between the EU and Mexico is modernized and expands the access to new markets and the safety of intellectual property rights.
- Vietnam: This is the latest contract, which has promoted bilateral trade between the European Union and Vietnam, the rapid growth of Southeast Asia.
- Chile (Modernized): This contract simplifies the trade of Chilli in areas such as industrial goods, agricultural goods and services.
- New Zealand: Agreement to improve access to the New Zealand market for agricultural goods, businessmen and services.
- Australia: In the negotiation process, but it is already expected to be an important contract for trade between the EU and Australia.
Besides, The European Union continues to work in other contracts with countries India, Merkosur (Argentina, Brazil, Paraguay and Uruguay), Indonesia, Philippines and other Asian and Latin American countries.
For its part, After the United Kingdom left the EU It maintains priority access to the markets, although it is not when the United Kingdom was a part of some additional restrictions.
