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 Malaysia |  Spain |
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Malaysia–Spain relations are the bilateral foreign relations between Malaysia and Spain. Malaysia has an embassy in Madrid, [1] and Spain has an embassy in Kuala Lumpur. [2]
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Malaysia | Spain |
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Malaysia–Spain relations are the bilateral foreign relations between Malaysia and Spain. Malaysia has an embassy in Madrid, [1] and Spain has an embassy in Kuala Lumpur. [2]
Spain established a diplomatic relations with Malaysia on 12 May 1967 and both the Malaysian and Spanish embassy were opened in 1986. [3] A first state visit was made by the Malaysian ninth Yang di-Pertuan Agong of Azlan Shah in July 1992 while the King of Spain Juan Carlos with Queen Sofía visit Malaysia on 4 April 1995. [3]
In 2011, the total Malaysian exports to Spain stood at $620 million while Spanish exports to Malaysia were worth around $320 million. [4] Malaysia is where the largest Spanish investment in Southeast Asia is mostly concentrated with a large presence of Spanish companies while the presence of Malaysian companies in Spain is relatively small. [5] [6] One of the Spanish companies, GMV, is also involved in the development of the proposed high-speed train between Kuala Lumpur and Singapore. [6] [7] Major Spanish exports to Malaysia include electrical machinery, iron and steel, fertilisers, chemicals and textiles while major Malaysian exports to Spain include rubber, palm oil and electrical device components. [6] Both countries were also in the process to increase trade relations especially in tourism and the marine industry. [8] An agreement on avoidance of double taxation and fiscal evasion has been signed between the two countries. [9] [10] There is also a Malaysian Spanish Chamber of Commerce and Industry. [11]
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