Malaysia | Spain |
|---|---|
Malaysia–Spain relations are thebilateralforeign relations betweenMalaysia andSpain. Malaysia has an embassy inMadrid,[1] and Spain has an embassy inKuala 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 firststate visit was made by the Malaysian ninthYang di-Pertuan Agong ofAzlan Shah in July 1992 while theKing of SpainJuan Carlos withQueenSofía 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 inSoutheast 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 andSingapore.[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 themarine 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]