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Saturday, December 10, 2022

Morocco Eyes to Raise its Economic Ties with Mauritania

Morocco aims to raise its relations with Mauritania, especially economic ones, to an even stronger level, said Tuesday in Casablanca, the Minister of Economy and Finance, Nadia Fettah.

“Our ambition today is to raise Moroccan-Mauritanian relations to an even stronger level on all levels and particularly on the economic front,” she said at the opening of the second edition of the Morocco-Mauritania Economic Forum, held by the General Confederation of Moroccan Enterprises (CGEM) and the National Union of Mauritanian Businessmen (UNPM).

Thanks to the vision and the High Instructions of HM King Mohammed VI and Mauritania’s President Mohamed Cheikh El Ghazouani, bilateral relations experienced a new momentum in the last two years, Fettah said. This new dynamic will promote the South-South cooperation in its two Arab and African components, she added.

According to the minister, this vision was reflected in the High Joint Committee that brought together Morocco’s Head of Government and Prime Minister of the Islamic Republic of Mauritania on March 11, 2022, in Rabat, and whose proceedings were crowned with success.

“We are convinced that the development of trade and economic relations is a major lever to strengthen ties between our two countries. The holding of the Economic Forum today enshrines this dynamic cooperation and provides visibility to economic actors on the opportunities to be seized,” Fettah added.

Given the human and natural resources, and the changing global context, the level of trade between the two countries which reaches 2.3 billion dirhams “remains below our ambition,” she observed, voicing her commitment to further develop it in the coming years.

Morocco attaches great importance to the creation of a business climate favorable to all investors, Fettah said, reiterating the Kingdom’s commitment to developing economic relations with Mauritania from a sustainable perspective.

The Morocco-Mauritania Economic Forum aims to strengthen economic and trade cooperation between the two countries and give new impetus to relations between the two business communities.

This event was attended by a delegation of one hundred Mauritanian economic operators representing various sectors, led by the UNPM President, Mohamed Zeine El Abidine Sheikh Ahmed, and member companies of the CGEM interested in the Mauritanian market.

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