Albares strengthens relations between Spain and Peru with the signing of agreements on cooperation and Spanish language promotion

Meeting between the Minister for Foreign Affairs, European Union and Cooperation, José Manuel Albares, and his Peruvian counterpart, Elmer Schialer

With more than 500 Spanish companies operating in Peru in a wide range of sectors, and being the second largest investor in the country, Albares highlighted the importance of the upcoming start of negotiations to conclude a new bilateral double taxation agreement. He also underlined Spain's support for Peru's accession to the OECD, as well as the interest of Spanish companies in strengthening their investment in the country.

During their meeting, Albares and Schialer also signed the Peru-Spain Country Partnership Framework 2024-2027 and an agreement to promote Spanish, which will further deepen the strategic relationship between our countries.

Peru-Spain Country Partnership Framework 2024-2027

The new Peru-Spain Country Partnership Framework 2024-2027, which will represent a new impetus to the joint work of the Spanish Cooperation with the Peruvian authorities, will strengthen aspects such as gender equality and access to water, as well as new areas such as environmental protection.

The new Country Partnership Framework, which defines the shared cooperation strategy for sustainable development for 2024-2027, foresees an estimated mobilisation of Spanish resources of 160 million euros channelled through various cooperation instruments, both reimbursable and non-reimbursable.

During this stage, Spanish Development Cooperation in Peru will concentrate its efforts on achieving inclusive, innovative and environmentally friendly economic development; improving the living conditions of the urban and rural population through access to water and sanitation, health and employment services; and democratic and equal coexistence, free from sex-based violence and discrimination.

Agreement to Promote Spanish

The agreement to Promote Spanish will contribute to establishing the basis for collaboration to strengthen the recognition and presence of our common language in diplomacy and international organisations, especially in the United Nations System.

Albares has assured Schialer of Spain's full support to ensure the success of the International Congress of the Spanish Language, to be held in the Peruvian city of Arequipa in 2025.

Non official translation