2024-05-11 03:01:55
”Morocco has distinguished itself by its policy of economic openness and its commitment to attracting foreign investment, which translates into a favorable environment for investment and commercial collaboration,” the document indicates.
According to the Chamber of Commerce of this province in northwestern Spain, ”political stability and the growth of the middle class are boosting purchasing power and creating new opportunities” for Spanish businesses, in general, and La Coruña, in particular, which seek to expand into the international market.
”Thanks to its privileged geographical position and its historic commercial relations, Morocco is a dynamic and diversified market,” notes the report, noting that ”geographic proximity, facilitated by an efficient transport network, establishes a direct connection which reduces logistical barriers and promotes the fluidity of commercial exchanges.
As a result, the document observes, ”Morocco, which presents significant potential for growth and expansion, is a ”strategic” destination for investments.
And to explain that ”Morocco is implementing a series of ambitious strategies which are part of the plan to modernize traditional sectors, such as agriculture, fishing or mining, and to develop innovative industries, such as renewable energies, automobiles or aeronautics.
Since 2000, the European Union has concluded a free trade agreement with Morocco, which eliminates customs duties and administrative formalities and facilitates the export of goods, notes the Chamber of Commerce.
”This agreement, coupled with the diversity of the Moroccan market, both in terms of industrial sectors and consumer preferences, offers opportunities to a wide range of companies in sectors, such as pharmaceuticals, motor vehicles, chemicals, metals, tourism, construction materials, automobiles, renewable energies, agro-industrial equipment and consumer goods, among others,” the document concludes.
2024-05-11 03:01:55