In a bid to strengthen trade, the Secretary of State to the Minister of Industry and Trade, in charge of Foreign Trade, Omar Hejira, held talks, on Sunday in Cairo, with Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib.
These talks aare part of Hejira’s visit to the Egyptian capital at the head of a Moroccan economic delegation, marked by the launch, on the same day, of the Egyptian-Moroccan Investment Forum (May 3-5).
These discussions provided an opportunity to convene on a number of actions aimed at strengthening the presence of Moroccan exports on the Egyptian market and increasing the flow of investments from this country into the Kingdom, the minister told the press.
The two sides will shortly resume meetings of the Moroccan-Egyptian Joint Trade Commission and organize economic and trade forums in both countries, the government official added.
They also decided to strengthen their coordination with a view to consolidating Moroccan-Egyptian partnerships with African countries, as part of His Majesty King Mohammed VI’s Vision aimed at building win-win partnerships, Hejira said, reporting “tangible results,” after Egyptian imports of cars produced in Morocco increased from 400 units a year to 3,000 and are expected to reach 8,000 by 2026.
For his part, the Egyptian minister referred to a consensus between the two countries to remove obstacles to exports and their common desire to readjust the bilateral trade balance.
Welcoming the visit to Egypt of the Moroccan economic mission, made up of Moroccan businessmen and companies operating in different sectors, El-Khatib highlighted that Rabat and Cairo are experiencing a new era in their bilateral cooperation, focused on strengthening complementarity and coordination in order to increase the volume of bilateral trade and investment.
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