Spain proposes bill promoting gender equality in politics and business

Spain's government has approved a draft law that will require more equal representation of women and men in politics and business.

Pedro Sanchez's Cabinet endorsed the bill on Tuesday ahead of International Women's Day on March 8.

The draft law will require listed companies to ensure women make up at least 40 percent of their boards by July 2024.

It will also require women to account for at least 40 percent of Cabinet ministers as well as representatives at local administrative bodies and public organizations by 2028.

Economy Minister Nadia Calvino, who also serves as deputy prime minister, told reporters that the proposed legislation will break the glass ceiling in the public and private sectors.

She noted it will consolidate "Spain as one of the most advanced countries in gender equality worldwide."

Other European countries and the European Union have also set equal representation targets.

But the Sanchez administration appears especially committed to promoting gender equality, with women ministers making up more than 60 percent of the Cabinet already.