MADRID, Feb. 26 (Xinhua) -- Spain is set to strengthen its economic and trade ties with China, Spanish Minister of Industry, Tourism and Commerce Miguel Sebastian said here Wednesday.
Spain attaches great importance to promoting economic and trade ties with China, and the government has drafted a "China plan" to expand trade and investment between the two countries, the minister said.
Speaking after Spanish and Chinese companies inked more than 20 procurement deals worth 320 million U.S. dollars in Madrid, Sebastian said he was pleased that the Spanish-Chinese trade has been growing rapidly in the past few years.
"Five years ago our exports to China were less than our exports to the tiny country of Andorra. In the past five years our exports to China have increased five times," he said.
According to China's official figures, China is Spain's biggest trading partner outside the European Union, while Spain is China's sixth largest trading partner in the 27-nation bloc. Bilateral trade almost quadrupled in the past five years to 26.2 billion dollars last year.
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