{"id":3508,"date":"2023-04-15T21:16:24","date_gmt":"2023-04-15T15:46:24","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=3508"},"modified":"2023-05-10T21:40:47","modified_gmt":"2023-05-10T16:10:47","slug":"the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/","title":{"rendered":"12th Session of India-Spain Joint Commission for Economic Cooperation in New Delhi: Key Takeaways for Government Exam Preparation"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#India-Spain_Joint_Commission_for_Economic_Cooperation\" >India-Spain Joint Commission for Economic Cooperation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#Why_this_News_is_Important\" >Why this News is Important:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#Historical_Context\" >Historical Context:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#Key_Takeaways_from_%E2%80%9CIndia-Spain_Joint_Commission_for_Economic_Cooperation%E2%80%9D\" >Key Takeaways from &#8220;India-Spain Joint Commission for Economic Cooperation&#8221;:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#Q1_What_is_the_India-Spain_Joint_Commission_for_Economic_Cooperation\" >Q.1 What is the India-Spain Joint Commission for Economic Cooperation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#Q2_When_was_the_12th_Session_of_the_India-Spain_Joint_Commission_for_Economic_Cooperation_held\" >Q.2 When was the 12th Session of the India-Spain Joint Commission for Economic Cooperation held?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#Q3_Who_co-chaired_the_12th_Session_of_the_India-Spain_Joint_Commission_for_Economic_Cooperation\" >Q.3 Who co-chaired the 12th Session of the India-Spain Joint Commission for Economic Cooperation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#Q4_What_was_the_objective_of_the_12th_Session_of_the_India-Spain_Joint_Commission_for_Economic_Cooperation\" >Q.4 What was the objective of the 12th Session of the India-Spain Joint Commission for Economic Cooperation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#Q5_What_were_the_sectors_that_were_discussed_in_the_12th_Session_of_the_India-Spain_Joint_Commission_for_Economic_Cooperation\" >Q.5 What were the sectors that were discussed in the 12th Session of the India-Spain Joint Commission for Economic Cooperation?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/summit_and_conference\/the-12th-session-of-the-india-spain-joint-commission-for-economic-cooperation-was-held-on-7th-may-2023\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"India-Spain_Joint_Commission_for_Economic_Cooperation\"><\/span>India-Spain Joint Commission for Economic Cooperation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The 12th session of the India-Spain Joint Commission for Economic Cooperation was held in New Delhi. The meeting was co-chaired by the Union Minister of Commerce and Industry, Piyush Goyal, and the Minister of Industry, Trade and Tourism of Spain, Reyes Maroto. The meeting aimed to enhance bilateral economic cooperation and strengthen trade and investment ties between the two countries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the meeting, both sides discussed various issues related to trade, investment, finance, energy, tourism, and other areas of mutual interest. The two sides also reviewed the progress made in the implementation of the decisions taken in the previous Joint Commission meetings. They also discussed ways to further deepen economic and commercial relations between the two countries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Spain is the 12th largest trading partner of India in the European Union. The bilateral trade between India and Spain was around $6.2 billion in 2020-21. The major items of India&#8217;s exports to Spain include petroleum products, chemical and pharmaceutical products, and textile and textile articles. On the other hand, Spain&#8217;s exports to India include automotive parts, machinery and equipment, and chemicals.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\" id=\"India-Spain-Joint-Commission\"><img decoding=\"async\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/05\/India-Spain-Joint-Commission.jpg\" alt=\"India-Spain Joint Commission\" class=\"wp-image-3509\" width=\"653\" height=\"435\" title=\"India-Spain Joint Commission\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/05\/India-Spain-Joint-Commission.jpg 800w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/05\/India-Spain-Joint-Commission-300x200.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/05\/India-Spain-Joint-Commission-768x512.jpg 768w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/05\/India-Spain-Joint-Commission-600x400.jpg 600w\" sizes=\"(max-width: 653px) 100vw, 653px\" \/><figcaption class=\"wp-element-caption\">India-Spain Joint Commission<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_this_News_is_Important\"><\/span>Why this News is Important:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Enhancing economic cooperation between India and Spain is of great importance as both countries have huge potential to expand their bilateral trade and investment ties. This news is particularly important for students preparing for government exams, especially those for civil services positions such as IAS, PSCS, and other related exams. Knowledge of India&#8217;s bilateral relations with other countries is an essential part of the general awareness section of these exams. Therefore, keeping abreast of such developments is crucial for aspirants.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span>Historical Context:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">India and Spain have enjoyed cordial and friendly relations since the establishment of diplomatic relations in 1956. In recent years, both countries have intensified their efforts to deepen their economic cooperation. In 2007, the India-Spain Joint Economic Committee was set up to strengthen economic and commercial relations between the two countries. Since then, the committee has held several meetings to discuss various issues of mutual interest.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_%E2%80%9CIndia-Spain_Joint_Commission_for_Economic_Cooperation%E2%80%9D\"><\/span>Key Takeaways from &#8220;India-Spain Joint Commission for Economic Cooperation&#8221;:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>S. No.<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1.<\/td><td>The 12th session of the India-Spain Joint Commission for Economic Cooperation was held in New Delhi to enhance bilateral economic cooperation and strengthen trade and investment ties between the two countries.<\/td><\/tr><tr><td>2.<\/td><td>The meeting was co-chaired by the Union Minister of Commerce and Industry, Piyush Goyal, and the Minister of Industry, Trade and Tourism of Spain, Reyes Maroto.<\/td><\/tr><tr><td>3.<\/td><td>Spain is the 12th largest trading partner of India in the European Union, with bilateral trade between the two countries standing at around $6.2 billion in 2020-21.<\/td><\/tr><tr><td>4.<\/td><td>India&#8217;s major exports to Spain include petroleum products, chemical and pharmaceutical products, and textile and textile articles, while Spain&#8217;s exports to India include automotive parts, machinery and equipment, and chemicals.<\/td><\/tr><tr><td>5.<\/td><td>The India-Spain Joint Economic Committee was set up in 2007 to strengthen economic and commercial relations between the two countries.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">India-Spain Joint Commission<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In conclusion, the 12th session of the India-Spain Joint Commission for Economic Cooperation was an important meeting that aimed to enhance bilateral economic cooperation and strengthen trade and investment ties between the two countries. This news is of great relevance to students preparing for government exams, especially those for civil services positions such as IAS, PSCS, and other related exams. By keeping abreast of such developments, aspirants can improve their general awareness and<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_What_is_the_India-Spain_Joint_Commission_for_Economic_Cooperation\"><\/span>Q.1 What is the India-Spain Joint Commission for Economic Cooperation? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. The India-Spain Joint Commission for Economic Cooperation is a bilateral forum between India and Spain that focuses on enhancing economic cooperation between the two countries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_When_was_the_12th_Session_of_the_India-Spain_Joint_Commission_for_Economic_Cooperation_held\"><\/span>Q.2 When was the 12th Session of the India-Spain Joint Commission for Economic Cooperation held? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. The 12th Session of the India-Spain Joint Commission for Economic Cooperation was held on 7th May 2023.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_Who_co-chaired_the_12th_Session_of_the_India-Spain_Joint_Commission_for_Economic_Cooperation\"><\/span>Q.3 Who co-chaired the 12th Session of the India-Spain Joint Commission for Economic Cooperation? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. From the Indian side, the 12th Session of the India-Spain Joint Commission for Economic Cooperation was co-chaired by the Union Minister for Commerce and Industry and the Spanish Minister for Industry, Trade and Tourism from the Spanish side.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_What_was_the_objective_of_the_12th_Session_of_the_India-Spain_Joint_Commission_for_Economic_Cooperation\"><\/span>Q.4 What was the objective of the 12th Session of the India-Spain Joint Commission for Economic Cooperation? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. The objective of the 12th Session of the India-Spain Joint Commission for Economic Cooperation was to discuss and enhance bilateral economic cooperation between the two countries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q5_What_were_the_sectors_that_were_discussed_in_the_12th_Session_of_the_India-Spain_Joint_Commission_for_Economic_Cooperation\"><\/span>Q.5 What were the sectors that were discussed in the 12th Session of the India-Spain Joint Commission for Economic Cooperation? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. The sectors that were discussed in the 12th Session of the India-Spain Joint Commission for Economic Cooperation included trade, investment, tourism, renewable energy, water management, and agriculture.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" 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The meeting was co-chaired by the Union Minister of Commerce and Industry, Piyush Goyal, and the Minister of Industry, Trade and Tourism of Spain, Reyes Maroto. The meeting aimed to enhance bilateral economic&#8230;<\/p>\n","protected":false},"author":6,"featured_media":3510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[161,81,144],"tags":[2452,2453,704,2454,227,229,1089],"class_list":["post-3508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-summit_and_conference","category-delhi","category-economy_finance","tag-bilateral-economic-cooperation","tag-india-spain-relations","tag-investment","tag-joint-commission","tag-renewable-energy","tag-tourism","tag-trade"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/3508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=3508"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/3508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/3510"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=3508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=3508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=3508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}