{"id":467689,"date":"2020-01-22T15:59:42","date_gmt":"2020-01-22T14:59:42","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=467689"},"modified":"2020-01-22T15:59:42","modified_gmt":"2020-01-22T14:59:42","slug":"morocco-and-uk-set-for-closer-trade-and-investment-links","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/01\/22\/morocco-and-uk-set-for-closer-trade-and-investment-links\/","title":{"rendered":"Morocco and UK set for closer trade and investment links"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Delegates at the high-level UK-Morocco Business Dialogue discussed the substantial trade and investment opportunities that exist between the Kingdom of Morocco and the United Kingdom. Both nations agreed they have much to gain from closer links between British and Moroccan businesses, signing a memorandum of understanding (MoU) focused on mutual trade and investment. The talks came at an advantageous time as the UK is shaping its post-European Union foreign trade policy.<\/p>\n<p>Under the leadership of His Majesty the King Mohammed VI, Morocco\u2019s Gross Domestic Product has grown at an average rate of 4 percent per annum over the last 20 years, making it the fifth largest economy on the African continent. By way of example, automotive production in Morocco has rapidly increased and it recently became the continent\u2019s largest passenger car manufacturer. Over the last 10 years, Morocco\u2019s position on the Doing Business<a title=\"\" href=\"https:\/\/mail.google.com\/mail\/u\/0\/#m_6176355390866999000_m_3110795500726066054__ftn1\">[1]<\/a>\u00a0ranking has increased by 75 and it now ranks 53<sup>rd<\/sup>\u00a0in the world and 3<sup>rd<\/sup>\u00a0in Africa.<\/p>\n<p>Mr. Mohcine Jazouli, Minister Delegate of Foreign Affairs, African Cooperation and Moroccan Expatriates, Kingdom of Morocco said: \u201c<span lang=\"EN-US\">In July 2018, Morocco and the United Kingdom decided to establish a strategic dialogue and three months ago this partnership was materialised by the signing of the post-Brexit bilateral agreement. A mere 100 British companies are located in Morocco and trade between the United Kingdom and Morocco in 2018 only amounted to \u00a31.5 billion. The United Kingdom was only the 7<\/span><span lang=\"EN-US\"><sup>th<\/sup><\/span><span lang=\"EN-US\">\u00a0largest client of Morocco and the 9<\/span><span lang=\"EN-US\"><sup>th<\/sup><\/span><span lang=\"EN-US\">\u00a0largest investor in Morocco in 2018. It is obviously not enough and the potential for economic exchange between our countries is tremendous. We are here today to move to a higher level.\u201d<\/span><\/p>\n<p>Morocco is rightly regarded as one of the main gateways to Africa with Tanger Med being the largest container port by capacity in both Africa and the Mediterranean. The country also hosts one of the continent\u2019s premier financial centres in Casablanca Finance City and has developed Africa\u2019s largest solar power plant, reaching 42% of renewable energies in Morocco\u2019s energy mix. With the impact of the African Continental Free Trade Area set to significantly increase intra-African trade, the Kingdom of Morocco is well positioned to take advantage of Africa\u2019s stellar growth potential. Moroccan companies already have a foothold in over 40 African countries across multiple sectors and Morocco is the largest intra-continental investor in West Africa and the second largest in Africa overall. All these factors make Morocco an attractive and natural destination for foreign direct investment.<\/p>\n<p>UK speakers at the event included the\u00a0<span lang=\"EN-US\">Minister of State for International Trade<\/span>\u00a0and the\u00a0<span lang=\"EN-US\">Minister of State for International Development and the Middle East<\/span>. They were joined by Chairmen\/CEOs\/Presidents of Moroccan financial institutions, automotive manufacturers, agribusinesses, renewable energy, aerospace, transport and education organisations amongst others.<\/p>\n<p>Closing remarks were made by Rt Hon Conor Burns MP, the UK\u2019s Minister of State for International Trade, and this was followed by a networking session with representatives from a wide range of sectors from both countries eager to establish contact to generate future trade and investment opportunities between the two countries.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Delegates at the high-level UK-Morocco Business Dialogue discussed the substantial trade and investment opportunities that exist between the Kingdom of Morocco and the United Kingdom. Both nations agreed they have much to gain from closer links between British and Moroccan businesses, signing a memorandum of understanding (MoU) focused on mutual trade and investment. The talks<\/p>\n","protected":false},"author":536282,"featured_media":467690,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12065],"tags":[12340],"class_list":["post-467689","post","type-post","status-publish","format-aside","has-post-thumbnail","category-press-releases","tag-morocco-en","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Morocco and UK set for closer trade and investment links - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2020\/01\/22\/morocco-and-uk-set-for-closer-trade-and-investment-links\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-22T14:59:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2020\/01\/Outlook-xqc2mmzx.png\" \/>\n\t<meta property=\"og:image:width\" content=\"977\" \/>\n\t<meta property=\"og:image:height\" content=\"531\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Albert Savana\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Albert Savana\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/01\\\/22\\\/morocco-and-uk-set-for-closer-trade-and-investment-links\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/01\\\/22\\\/morocco-and-uk-set-for-closer-trade-and-investment-links\\\/\"},\"author\":{\"name\":\"Albert Savana\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/12e2e10e56f65df0540cb842b7b0ce22\"},\"headline\":\"Morocco and UK set for closer trade and investment links\",\"datePublished\":\"2020-01-22T14:59:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/01\\\/22\\\/morocco-and-uk-set-for-closer-trade-and-investment-links\\\/\"},\"wordCount\":520,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/01\\\/22\\\/morocco-and-uk-set-for-closer-trade-and-investment-links\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/Outlook-xqc2mmzx.png\",\"keywords\":[\"Morocco\"],\"articleSection\":[\"Press releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/01\\\/22\\\/morocco-and-uk-set-for-closer-trade-and-investment-links\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/01\\\/22\\\/morocco-and-uk-set-for-closer-trade-and-investment-links\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/01\\\/22\\\/morocco-and-uk-set-for-closer-trade-and-investment-links\\\/\",\"name\":\"Morocco and UK set for closer trade and investment links - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/01\\\/22\\\/morocco-and-uk-set-for-closer-trade-and-investment-links\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2020\\\/01\\\/22\\\/morocco-and-uk-set-for-closer-trade-and-investment-links\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/01\\\/Outlook-xqc2mmzx.png\",\"datePublished\":\"2020-01-22T14:59:42+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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