Madrid, June 15, 2012 (MAP)
Madrid, June 15, 2012 (MAP)
“Morocco is, doubtless, the most stable market in North Africa,” the Spanish Institute of Foreign Trade (Instituto Español de Comercio Exterior) said on Friday.
The Kingdom is witnessing its longest period of macro-economic stability and remains relatively immune to the global economic crisis, which has enabled the country to implement an ambitious sectoral reform and infrastructure construction plan, the institute said in a statement.
The institute, which will organize in collaboration with Moroccan and Spanish partners the seventh Morocco-Spain investment and business cooperation Forum, on June 19-20 in Casablanca, highlighted the free trade agreements signed by Morocco, which allow investors to access a potential market of one billion consumers.
The statement cites other assets of Morocco, including the legal framework in place for foreign investors, the geographical proximity and production costs, which, it said, have made the Kingdom “one of the most attractive countries for Spanish companies.”
