Magazine article Screen International

Spain, China Sign Co-Pro Agreement

Magazine article Screen International

Spain, China Sign Co-Pro Agreement

Article excerpt

Spain has become the latest country to secure a co-production agreement with China.

Spain has become the latest country to sign a co-production film agreement with China.

The agreement coincided with the visit of Spanish president Mariano Rajoy to Beijing. Both governments signed the deal, which was approved by the parliaments of the two countries earlier in the year.

China remains a difficult market in which to secure distribution, with a quota of 38 international films sanctioned in 2013 and 34 in 2014.

The new agreement will allow Spanish films to be distributed within the Asian superpower, providing each co-production partner has contributed a minimum of 20% to the feature.

In an statement, the ICAA (Spanish Government agency for cinema) celebrated the agreement and highlighted the new tax deduction for foreign productions in the country of 15% with a maximum of [euro]2.5m. …

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