Morocco and Turkey for "more balanced" bilateral trade


Morocco and Turkey agreed on Wednesday in Rabat to revise the terms of their current free trade agreement for "more balanced, more important and good quality" trade.


 Under the terms of the joint declaration made public after a business meeting, initiated on the sidelines of the 5th session of the joint monitoring committee of the Morocco-Turkey Free Trade Agreement, the two parties also  agreed to immediately initiate work on the topics agreed upon during the work of this meeting and assess the progress made up to the date January 30, 2020.


 During this session of the Moroccan-Turkish joint committee (January 14 and 15) co-chaired by the Minister of Industry, Trade and the Green and Digital Economy, Moulay Hafid Elalamy, and the Turkish Minister of Trade, Ruhsar  Pekcan, the two sides also agreed to bring bilateral trade to a "more balanced level and encourage Turkish investors to invest in Morocco in the production industry as well as encourage Moroccan exports to Turkey".


 Morocco and Turkey also expressed, on this occasion, their common will to strengthen their commercial and friendly relations "on a mutual beneficial basis of cooperation", according to this joint statement read to the press by Elalamy.


 Organized by the Ministry of Industry, Trade and the Green and Digital Economy in partnership with the Moroccan Agency for Investment and Export Development (AMDIE), the Ministry of Trade of Turkey and the Turkish Relations Council  Foreign Economic Affairs (DEİK), this meeting was an opportunity for economic operators from the two countries to examine ways and means to materialize bilateral economic cooperation.

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