Spain and Portugal: From Distant Neighbours to Uneasy Associates

Author(s): William Chislett
Publisher(s): Elcano Royal Institute of International and Strategic Studies, Madrid, Spain
Date of publication: 2 Sep 2004
Volume number: 2004
Issue number: 46
Format: PDF
Pages: 19
Series: Elcano Royal Institute Working Papers

Description: Spain and Portugal lived back to back for some 300 years until they came face to face when both joined the European Union in 1986. Since then the two economies have increasingly converged. Trade and direct investment between the two countries is now very strong. Spain exports to its neighbours almost as much as it does to the United States and the whole of Latin America, and it is a major investor in the country. Spain is also Portugal's largest export market.

General note: © 2004 Elcano Royal Institute of International and Strategic Studies.
Bibliographic note: The paper includes a bibliography of selected reading and appendices showing major Spanish acquisitions and investments in Portugal and vice-versa.

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