THE French Minister Delegate for Foreign Trade and Economic Attractiveness, Franck Riester, attached to the Ministry for Europe and Foreign Affairs, spoke recently with his Spanish counterpart, Xiana Méndez Bértolo.
They discussed measures to be undertaken jointly to strengthen the multilateral trade system, notably within the framework of the World Trade Organisation (WTO) with the French delegate determined to use European Union trade policy instruments to defend European interests, notably with respect to the Airbus/Boeing dispute.
He also supported the necessary alignment of EU trade agreements with the environmental goals of the Paris climate agreement and they considered an initiative aimed at implementing an EU carbon border adjustment mechanism.
The two ministers took part in the second round of the France-Spain Economic Forum, jointly organized by MEDEF (France’s largest business federation) and its Spanish equivalent, CEOE (Spanish Confederation of Employers’ Organisations).
France is the second largest supplier and fourth largest foreign investor in Spain with almost €50 billion in FDI (Foreign Direct Investment) and has almost 2,000 companies in the country, employing 350,000 people.
It is also the largest export market for Spanish companies and is home to more than 900 subsidiaries of Spanish firms, which employ almost 62,000 people.
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