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Morocco, Turkey identifying mechanisms to promote trade and investments

Global Arab Network - - Reda Darwish

Thursday, 03 March 2011 19:02

Rabat - Morocco and Turkey should increase their efforts in order to boost their economic relations, Morocco's Foreign Trade Minister Abdellatif Maazouz said on Wednesday in Rabat.

Speaking at the opening of the ninth Morocco-Turkey intergovernmental economic joint committee, Maazouz called for identifying mechanisms to promote trade and revitalize investments between the two countries as part of the 2006 free trade agreement.

He also urged for institutionalizing relations between the two countries' investment promotion organizations in order to bolster cooperation in terms of investment.

The meeting, he said, is an occasion to take the advantage of the bilateral FTA in order to establish a sustainable partnership and boost trade and investment.

He pointed out that the momentum initiated by the FTA in terms of trade, which amounted to 1.2 billion dollars in 2010, reflects that the improvement of bilateral economic relations.

From his side, Turkish Minister of State Hayati Yazici said: Morocco and Turkey should identify new tracks to increase trade in order to reflect the excellent bilateral political relations,

Speaking at the opening of the 9th Morocco-Turkey joint economic committee, Hayati said that this committee is a suitable frame to bolster the already satisfactory bilateral trade.

Turkey and Morocco share relations of deep friendship which should be reflected on trade between the two countries, he pointed out.

He also voiced Turkey’s strong will to participate in Morocco’s large-scale projects, saying that the free trade agreement is a suitable frame to promote cooperation and contribute to increasing bilateral trade. (MAP)

Global Arab Network

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