Beijing - Morocco wants to build "strong, lasting and mutually beneficial" partnership with China, based on the centuries-old ties of friendship and solidarity, Foreign Minister, Salaheddine Mezouar, said on Friday in Beijing.
Beijing – Morocco wants to build “strong, lasting and mutually beneficial” partnership with China, based on the centuries-old ties of friendship and solidarity, Foreign Minister, Salaheddine Mezouar, said on Friday in Beijing.
Speaking at the opening of a Moroccan-Chinese business forum, the Moroccan official voiced satisfaction with the level of bilateral economic cooperation, highlighting that China has become Morocco’s third supplier. In this regard, the minister stressed that Morocco plans to diversify its bilateral trade with China as part of an endeavor to open up on new markets.
This approach reflects “the Moroccan private sector’s maturity and ambition for win-win partnership with China,” said Mezouar, who showcased the multiple investment opportunities that enable Morocco to become an attractive investment destination offering joint-venture prospects for Chinese businesses.
With regards to finance and the growing network of Moroccan banks in Africa, the Foreign Minister pointed out to the prospects for fruitful triangular partnerships between Moroccan banks and their Chinese counterparts willing to enter the African markets
On the same occasion, Mezouar reiterated Morocco’s full support to China’s strategic interests, its territorial integrity and unity as well as the one-China principle.
During the Forum themed “promising prospects for an excellent strategic partnership”, several agreements will be signed in fields pertaining, inter alia, to health, mining, industrial parks, agriculture, roads and vocational training.
Morocco is China’s second trading partner in Africa, while China is Morocco’s 4th trading partner. In 2013, trade between the two countries rose by 4.8% compared to 2012 to stand at 3.69 billion dollars.