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It was released after the visit of the President of the Government of Spain to India.
- This marked the first visit by a Spanish President to India in 18 years.
Key outcomes
- Defense manufacturing: Joint inauguration of the C295 Aircraft Final Assembly Line in Vadodara by Tata Advanced Systems in partnership with Airbus Spain.
- Investment Facilitation: Establishment of a Fast Track Mechanism in India's DPIIT and Spain’s Directorate General of International Trade and Investment to promote mutual investments.
- Consular Expansion: Announcement of a Spanish Consulate in Bengaluru and the operationalization of an Indian Consulate in Barcelona.
- Cultural Cooperation:
- Cultural Exchange Programme launched for 2024–2028.
- Declaration of 2026 as the India-Spain Year of Culture, Tourism, and AI.
India-Spain Bilateral Relations
- Diplomatic relations between the two countries were established in 1956.
- Significance of Bilateral Relations
- Defense Ties: Strengthened defense cooperation through India-Spain Defence Joint Working Group, joint projects like the C295 aircraft manufacturing in India etc.
- Economic and Commercial Growth: Spain is India’s 6th largest trade partner in Europe. Bilateral trade reached US$ 9.9 billion in 2023.
- Multilateral and Global cooperation:
- Support for each other’s United Nations Security Council candidacies.
- Shared commitment to addressing global challenges like climate change, counter-terrorism, and sustainable development.
