King encourages Spanish trade with Morocco

19th January 2005, Comments 0 comments

19 January 2005, MARRAKESH — King Juan Carlos of Spain chaired a meeting between 300 Spanish and Moroccan businessmen in a bid to encourage investment and trade between the two neighbours.

19 January 2005

MARRAKESH — King Juan Carlos of Spain chaired a meeting between 300 Spanish and Moroccan businessmen in a bid to encourage investment and trade between the two neighbours.

The king was on the last day of a three-day state visit to Morocco hailed on both sides of the Mediterranean as a major step in renewing links that had been tarnished over recent years.

Workshops and discussion groups covered investment in new technologies, agro-business, property development and public projects at the meeting staged by employers' organisations of both countries.

The king told his audience that "Spain is firmly committed to developing a stronger relationship with Morocco day by day," the national MAP news agency reported.

This relationship will impact on the economic and social development of both nations, he added.

"The complementary (relationship) between the two economies opens up a wide range of opportunities for cooperation between Moroccan and Spanish companies," the king said.

The king hailed the large number of Spanish firms operating in Morocco in a growing field of activities, including textiles, agriculture, fishing, food and agriculture, telecommunications, transport, tourism and finance.

All were "generators of employment and important for Morocco's economic and social development," he said.

Spain is Morocco's leading trade partner behind former colonial power France, and rivals France in the amount of investment it has made in the north African country.

Economic ties are expected to improve still further with the warming atmosphere since the election of socialist Prime Minister Jose Luis Rodriguez Zapatero in March.

Zapatero succeeded right-winger Jose Maria Aznar, who had poor relations with Morocco.

The Spanish monarch, who addressed the Moroccan parliament on Tuesday, was to wind up his visit later with further talks with King Mohammed VI in the northern port city of Tangiers.
 
[Copyright EFE with Expatica]

Subject: Spanish news

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