Russia is preparing to sign an investment protection agreement with Morocco, according to several Russian media outlets. The announcement was made by Pavel Kalmychek, Director of the Department for Bilateral Cooperation Development at Russia’s Ministry of Economic Development, on the sidelines of an economic forum held this week in Moscow.
Morocco is among a group of African countries targeted by this initiative, alongside Congo, Mali, Nigeria, Tanzania, and Burkina Faso. The objective, Kalmychek said, is to strengthen economic ties and double trade volumes between Russia and the continent.
In August 2023, President Vladimir Putin had already raised the prospect of a free trade zone with North African nations, including Morocco, Algeria, Egypt, and Tunisia.
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