2024-04-17 09:57:28
The opportunities offered by the two kingdoms were the subject of a report by the British Institute for Free Trade, presented to the British House of Lords, in the presence of a host of political leaders. in charge of investment, business leaders and diplomats.
”Morocco and the United Kingdom are two countries which share the same economic principles and which are complementary from a commercial point of view,” said the British Minister of State for Investment, Lord Dominic Johnson, at the opening of this event.
Morocco is positioned as the leading economy in North Africa in terms of investment potential, particularly in the agricultural and renewable energy sectors, he underlined, expressing its desire to work in favor of improving the centuries-old partnership between the two Kingdoms.
For his part, the president of the Institute, Daniel Hannan, described as “extraordinary” the way in which Morocco has resolutely transformed itself into a modern and integrated global economy, particularly evoking the evolution of the infrastructure of country, which he was able to see first-hand during the preparation of this report.
Near Tangier, the Kingdom has built an ultra-modern port, the largest, not only in Africa, but also in the Mediterranean, indicated the member of the House of Lords, noting that the Casablanca region has an aeronautical hub which supplies the majority of Europe today.
The Institute has therefore proposed a series of recommendations aimed at improving trade between the United Kingdom and Morocco, with an emphasis on measures that can be taken immediately, without requiring full negotiations of the trade agreement. association, he detailed in a statement to MAP.
For his part, the special trade envoy for Morocco, Rob Butler, said he was “very enthusiastic” about the prospect of increasing trade between Morocco and the United Kingdom, ensuring that they are already “very important” and that the two nations share “extremely strong” relations.
The association agreement that London and Rabat have already concluded is “an excellent starting point”, he added in a similar statement, assuring however that the two countries “can do much more together”.
Both governments and businesses are showing “real dynamism, and we look forward to seizing these opportunities in the months to come,” he assured.
The president of the United Kingdom-Morocco parliamentary friendship group, Heather Wheeler, for her part, welcomed the dynamic of parliamentary exchanges which characterized the last two years, recalling that she paid a visit to Dakhla, where the A major port project is under construction, which is sure to boost trade between the two countries.
“What is so important in the relations we have today with Morocco is openness for business,” she continued.
Finally, the author of the report, Shanker Singham, indicated that ”Morocco is not only a super logistics platform, but also a very important investment destination, particularly for the electro-voltaic, hydrogen and the automobile”.
With a unique geostrategic position, Morocco is an essential crossroads, offering the possibility of diversifying trade routes and reducing excessive dependence on other routes plagued by geopolitical risks, he explained, whilst advocating for an improved Association Agreement between the UK and Morocco.
This event, organized at the Upper House of the British Parliament, was attended by the Moroccan Ambassador to the United Kingdom, Hakim Hajoui, as well as an audience of MPs, academicians and businessmen from two countries.
2024-04-17 09:57:28