What you need to know
- Spain's Prime Minister has met Tim Cook at Apple Park.
- Pedro Sánchez visited Cupertino as part of his ongoing travels in the U.S.
- The PM said there has never been a better time for tech giants like Apple to invest in our country.
The Spanish Prime Minister Pedro Sánchez has met with Tim Cook at Apple Park as part of his ongoing tour of the U.S.
Sánchez met with Cook on Friday, taking to Twitter to share his appreciation for Cook and inviting Apple to further invest in the country:
Today, I met with Tim Cook in Cupertino. Spain knows that the digital transformation is a priority and our #RecoveryPlan offers us a unique opportunity to take on this challenge. There is no better time for tech giants like Apple to invest in our country.
In an interview Sánchez stated "We expect to have an increase (in) investments of Apple in Spain in the coming years, in these two fields... First of all, artificial intelligence and, since we have this huge bet in converting Spain into a kind of European audiovisual hub, to see Apple TV also committed with my country"
The Prime Minister is currently touring the U.S. to promote Spanish business as Spain looks to set its recovery plan in motion in the wake of the COVID-19 pandemic. Sánchez arrived in the U.S. on Wednesday, but has faced a tough few days because investors in the U.S. are concerned about the countries new housing laws, and proposed labor reforms. From 'El País' earlier this week
During the first day of his visit to the United States on Wednesday, Spanish Prime Minister Pedro Sánchez came face to face with the harsh reality of some of the biggest investment funds in the world's biggest economy: they are not happy about a new housing law in Spain because it could limit rent rises, and they are also wary of labor reforms being prepared by the Spanish government after a deal was reached by Sánchez's Socialist Party (PSOE) and its coalition partner, the leftist Unidas Podemos.
Apple is currently under investigation in the country over an alleged deal with Amazon to limit competition for sales of Apple's goods on the marketplace, as announced by the CNMC earlier this month.