UK-Spain Trade Leaders Strengthen Economic Ties in Historic Dialogue

In a historic move, UK Chancellor of the Exchequer Rachel Reeves and Spanish Minister of Economy, Trade & Enterprise Carlos Cuerpo Caballero co-chaired the inaugural edition of the Trade and Investment Dialogue during Reeves' visit to Madrid on March 18th, 2026. The high-level discussions marked a significant milestone in strengthening the economic ties between the two nations.

Throughout the talks, Reeves and Caballero explored new avenues for bilateral investment, trade expansion, and collaborative opportunities that could mutually benefit the UK and Spanish economies. The dialogue provided a platform for the leaders to align on strategic priorities, identify areas of mutual interest, and chart a roadmap for enhanced economic cooperation in the years ahead.

Reeves emphasized the importance of this inaugural dialogue, stating, "The UK and Spain share a deep and longstanding relationship, and we are committed to further strengthening our economic ties. Today's discussions have laid the groundwork for new partnerships, investments, and trade opportunities that will create jobs, drive innovation, and foster prosperity in both our countries."

Caballero echoed the sentiment, highlighting the complementary strengths of the UK and Spanish economies. "By working together, we can leverage our respective areas of expertise, industry specializations, and global market access to achieve mutually beneficial outcomes for businesses and consumers on both sides of the English Channel," he said.

The Trade and Investment Dialogue covered a wide range of topics, including digital transformation, green technologies, financial services, infrastructure development, and talent mobility. Both leaders expressed a shared commitment to sustainability and inclusive growth as guiding principles for their economic cooperation.

Reeves and Caballero also agreed to establish regular high-level meetings to monitor progress, identify new areas of collaboration, and address any emerging challenges. The inaugural dialogue was hailed as a significant milestone in the UK-Spain economic partnership, paving the way for deeper integration and mutual prosperity in the years to come.