Rabat - Negotiations on a free trade zone agreement between Morocco and Russia have reached the final stage, according to Moroccan Minister Delegate in charge of Foreign Trade Mohammed Abbou.
Rabat – Negotiations on a free trade zone agreement between Morocco and Russia have reached the final stage, according to Moroccan Minister Delegate in charge of Foreign Trade Mohammed Abbou.
Russian news agency Sputnik quoted Mohammed Abbou saying “a joint Russian-Moroccan committee is preparing to launch the process.”
He went on to add that a body has been created especially for this purpose and is analyzing the issue.
“Only discussion and agreement on final moments is left,” the Moroccan Minister concluded.
The creation of the free zone will further strengthen cooperation between Morocco and Russia.
Abbou noted that the Russian Market is of high priority to Morocco, stressing that Moroccan-Russian ties are special on all levels.
Last year, Mohammed Abbou said on the sideline of the second Arab-Russian cooperation forum, Morocco is willing to reinforce bilateral ties with Russia within the framework of a win-win partnership.
Morocco’s strategic location, stability and advanced relations with the European Union as well as its firm ties with several countries in Africa and the Americas. This will give an added value to Moroccan-Russian relations in favor of more diversification of cooperation fields, according to Abbou.
Morocco is Russia’s top trade partner in Africa and the Arab world. The kingdom is the largest Arab and African exporter of agricultural products and textiles to the Russian Market.