Spain and the United States - Real Instituto Elcano
Spain and the United States - Real Instituto Elcano
Spain and the United States - Real Instituto Elcano
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OVERVIEW 45<br />
There was a flurry of visits by <strong>the</strong> foreign, interior, defence, justice, education<br />
<strong>and</strong> health ministries during <strong>the</strong> first half of <strong>the</strong> year.<br />
One of <strong>the</strong> premises of <strong>the</strong> previous government’s closer alignment with<br />
US foreign policy was that a stronger political relationship would eventually<br />
spur <strong>the</strong> trade <strong>and</strong> investment relationship. Given <strong>the</strong> Socialists profound<br />
disagreement with US policy in Iraq, this begs <strong>the</strong> question of whe<strong>the</strong>r <strong>the</strong>ir<br />
stance will affect US-Spanish trade <strong>and</strong> investment ties. The first potential<br />
avenue along which <strong>the</strong> economic relationship might deteriorate is <strong>the</strong> area of<br />
public procurement <strong>and</strong> <strong>the</strong> military sectors, but <strong>the</strong>re were no signs of this<br />
happening. Some Spanish companies, notably Cintra, were awarded very large<br />
public works projects in <strong>the</strong> <strong>United</strong> <strong>States</strong> during <strong>the</strong> Socialists’ first year in<br />
office (see Chapter 3), while <strong>the</strong> deal for <strong>the</strong> Spanish branch of EADS-CASA<br />
to sell planes to <strong>the</strong> US Coast Guard, signed in February 2004, one month<br />
before <strong>the</strong> electoral upset in <strong>Spain</strong>, has proceeded apace.