Morocco is determined to promote economic and trade relations with Angola and to support cooperation between economic operators of the two countries, the Kingdom’s ambassador to Angola Saadia El Alaoui said on Saturday.
El Alaoui was speaking during a meeting in Luanda with the Chairman of the Board of Directors of the Private Investment and Export Promotion Agency (AIPEX) António Henriques da Silva.
Discussions focused on the means to further boost investment between the two countries, by taking advantage of the AIPEX Development Program and the PRODESI Program (Production Support, Export Diversification and Import Substitution), El Alaoui told MAP.
“We have reviewed the existing projects and those under development between operators from Morocco and Angola”, added the diplomat who took this opportunity to present the assets of the Kingdom in terms of investment and infrastructure and show its strong presence in Africa through Moroccan private operators whom are operating in several areas of economic activity.
During the meeting, the two parties stressed the importance of accelerating the process of signing several draft agreements of an economic and commercial nature, which have been initialed and technically finalized.
These draft agreements serve as a legal framework guaranteeing more legal security such as agreements on the avoidance of double taxation, agreements relating to air services, the agreement on the encouragement and reciprocal protection of investments, the memorandum of trade cooperation and the industrial cooperation draft agreement.
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