Washington, June 5, 2012 (MAP)
Washington, June 5, 2012 (MAP)
Morocco has always been committed to a better economic and trade integration between the Maghreb countries, U.S. Assistant Secretary for Economic and Business Affairs, Jose W. Fernandez, said.
“Integration between the five countries in the Maghreb could have the GDP of Tunisia and Morocco grow by as much as 7 percent. Of the entire Maghreb, maybe more like 3 percent,” Fernandez said, insisting that “Morocco has been very much in favor of finding more ways of fostering trade among all the players.”
On Morocco’s efforts to enhance the business environment, the U.S. official said his country is “very encouraged” by the Kingdom’s reforms and that “Morocco is very eager to attract” foreign investments.
He expressed U.S. companies’ willingness to invest in solar energy in Morocco, saying that at least two U.S. companies are trying to get into that market in the Kingdom.
Fernandez pointed out that thanks to the US-Morocco FTA, Morocco could serve as a bridge towards African and Middle East markets.
This is all the more so as Morocco has “very good infrastructure” and is “very keen on developing roads,” he said.
