The General Confederation of Moroccan Enterprises (CGEM) and the China Council for the Promotion of International Trade (CCPIT) signed Monday, through video-coference, a memorandum of understanding (MoU) to strengthen economic and trade relations between Morocco and China, particularly in the context of the Covid-19 pandemic.
Under this agreement, initialed by CGEM president Chakib Alj, and CCPIT president Gao Yan, the two parties will accompany Moroccan and Chinese private sectors in order to identify business opportunities and foster investment and co-investment.
This new partnership, launched at the initiative of the Morocco-China Business Council, also aims to promote the establishment of Moroccan companies in China and Chinese companies in Morocco, particularly those operating in the industrial and digital sectors.
It also provides for establishing and strengthening mechanisms for exchange and information sharing, particularly on national economic and trade trends, laws and regulations as well as policies and measures.
Speaking on this occasion, Alj stressed that since the establishment of diplomatic relations between Morocco and China in 1958, ties between the two countries have been steadily strengthening, particularly in recent years through multiple high-level visits and increased pace of trade.
“Now, our goal is to further strengthen our cooperation. We must therefore remove barriers and identify new opportunities to ensure a better presence of Chinese companies in the Kingdom and Moroccan companies in China,” he said.
“This agreement will certainly help our private sectors to focus on areas of cooperation that we are not taking advantage of and to identify opportunities for co-investment,” Alj added.
For her part, Gao Yan welcomed the excellent relations between China and Morocco.
“I am convinced that, through the signing of this MoU, we will further strengthen our partnership for the benefit of our two countries and business communities,” she said.
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