Vietnam, Spain pledge to upgrade ties after tariff shock

1 week ago 7
Spain's Prime Minister Pedro Sanchez (L) meets Vietnam President To Lam successful  HanoiSpain's Prime Minister Pedro Sanchez (L) meets Vietnam President To Lam successful Hanoi. Photo: LUONG THAI LINH / POOL/AFP
Source: AFP

The leaders of Spain and Vietnam pledged connected Wednesday to upgrade ties to the highest level, arsenic the 2 countries effort to negociate the fallout from tremendous tariffs imposed by Washington.

During a sojourn by Spanish Prime Minister Pedro Sanchez to Hanoi, helium and counterpart Pham Minh Chinh signed a associated declaration aiming to elevate ties to the level of broad strategical partnership.

It came connected the aforesaid time US President Donald Trump's 20 percent tariffs connected EU products, and a monolithic 46 percent levy connected Vietnamese goods, came into force.

Sanchez said Spain was committed to an planetary bid based connected rules, "free commercialized and economical freedom".

"Trade wars payment nary one, but harm everyone," helium said.

"In a planetary discourse arsenic analyzable arsenic the 1 we are in, the Spanish authorities is firmly committed to the opening up of our state and Europe to Southeast Asia," helium added.

Chinh said Vietnam had projected Spain beryllium "a span to beforehand our narration with the EU and Latin American countries (and), for its part, Vietnam agrees to beryllium a span to fortify the narration betwixt Spain and ASEAN (the Association of Southeast Asian nations)".

The brace signed 5 memoranda of knowing including connected fiscal cooperation, civilization practice and cultivation safety.

On Wednesday, Sanchez besides met Vietnam's apical leader, To Lam.

He volition question to Ho Chi Minh City, the Asian manufacturing powerhouse's commercialized capital, to talk to concern leaders connected Thursday.

The Socialist premier curate past heads to China for his 3rd sojourn successful conscionable implicit 2 years, wherever helium is scheduled to conscionable President Xi Jinping and Chinese investors connected Friday.

Sanchez broke with the remainder of the European Union connected his past travel to China successful September 2024, urging the bloc to reconsider plans to enforce precocious tariffs connected Chinese electrical cars and calling for a "fair commercialized order".

China and Vietnam presently merchantability overmuch much to Spain than they buy.

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Source: AFP

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