Visiting Spanish foreign minister calls on Aquino

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Monday, March 24, 2014

PRESIDENT Benigno Aquino III on Monday received Spanish Minister of Foreign Affairs José Manuel García-Margallo in a courtesy call in Malacanang.

Margallo arrived in the Philippines for a two-day official visit from March 24 to 25 at the invitation of Foreign Affairs Secretary Albert del Rosario.

While in the Philippines, Margallo will also meet Finance Secretary Cesar Purisima and discuss bilateral relations with Del Rosario.

A highlight of Margallo's visit to the Philippines is his trip to Tacloban City on March 25. Spain is one of the biggest donors to the rehabilitation efforts in areas hit by super typhoon Yolanda last year.

The visiting Spanish official will also address the members of the Makati Business Club and also visit Bangkal High School in Makati to check on the progress of the implementation of the Department of Education’s Special Education Program in Foreign Language in partnership with the Embassy of Spain and Instituto Cervantes in Manila.

The Minister will likewise inaugurate the Spanish-assisted Humanitarian Assistance Emergency Warehouse project at Clark International Airport.

Total trade between the two countries from January to October 2013 is valued at $385,130,000 while the total investments from Spain from January to September 2013 amounted to $200,000.

Philippines’s total exports to Spain are valued at $122.26 million, while the total imports from Spain amount to $262.87 million.

Among the Philippines' major exports to Spain include coconut (copra) oil, yellow fin tunas, seaweeds, carrageenan and other algae, and pineapple.

The Philippines' top commodity imports from Spain are women's outerwear, tubes, pipes and hoses, wine and spirits and preparations for animal feed.

The country is also a major destination for Spanish tourists with 17,126 visiting the Philippines last year. Currently, there are around 40,000 Filipinos living in Spain. (SDR/Sunnex)

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