Economy

3rd Morocco-GCC Meeting Focuses on Intensifying Economic Cooperation

Morocco World News

Rabat - The 3rd meeting of the working group in charge of economic cooperation between Morocco and the Gulf Cooperation Council (GCC) countries opened, on Tuesday in Rabat.

With the aim of examining means in favor of intensifying coordination related to economic and trade cooperation through the follow-up of the implementation of the joint action plan and the development of bilateral trade exchanges and investment opportunities.

The meeting is an opportunity to discuss several topics on the agenda, mainly new projects related to trade cooperation, investment and trade facilitation between Morocco and the GCC countries, strengthening Morocco-GCC strategic partnership and consolidating the exceptional cooperation and brotherhood ties that unite Morocco and the Gulf countries, said Secretary General of the Ministry delegate in charge of Foreign Trade Mohammed Benayad at the opening of this event.

Morocco, which has noteworthy assets, has an important expertise in various fields as the industry, agriculture, and services (Offshoring), he said, noting that the Kingdom is ready to share its know-how in this field with the Gulf countries.

The geographical location of Morocco is an asset that enables it to position itself and to play the role of a bridge between Africa and the Gulf countries, he said, underlining the pressing need to use this advantage to promote trade and investment between the two parties. The meeting comes as an implementation of the decision by the GCC higher council during its 32rd session in Dec. 2001 in Riyadh in relation with fostering cooperation between Morocco and the GCC.

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