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Home » Economy » King Mohammed VI, Tanzanian Pres. Chair Signing of 22 Agreements

King Mohammed VI, Tanzanian Pres. Chair Signing of 22 Agreements

mwnbymwn
Oct, 24, 2016
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Morocco Establishing Itself as 'Major Economic Force' in Africa: UN Magazine

Dar es Salaam – King Mohammed VI and Tanzanian president John Pombe Magufuli, chaired, on Monday at the presidential palace in Dar es Salam, the signing ceremony of 22 bilateral agreements.

These agreements involve economic, scientific and cultural cooperation, the establishment of a mechanism for political consultation, the field of hydrocarbons, energy, mining and geology, air transportation, agriculture, fisheries, fertilizers, renewable energy, tourism, culture insurance in Tanzania, the promotion of industrial and logistical clusters, and the development of logistical and railway corridors between Tanzania’s ports and industrial clusters.

These agreements touch also on the partnership between the two countries’ employer associations, health, the banking sector, the promotion and funding of trade and investment in Africa, insurance, as well as the setting up of a unit for upmarket tea packaging.

The agreements, which are meant to foster the legal framework governing bilateral cooperation, are in line with the royal vision seeking to reinforce south-south partnership.

In a speech on the occasion, the Tanzanian president thanked HM the King for his official visit to Tanzania along with an important delegation.

“Tanzania is ready to cooperate with all its strength with You”, said president Magufuli, who underlined that the 22 cooperation agreements, inked today, will contribute to the industrialization, transformation and modernization of the economy of Tanzania, a country boasting important natural and mining resources. At the beginning of the ceremony, Tanzanian minister of foreign affairs and East Africa Augustine Mahiga lauded the fact that these agreements will write a new chapter in the history of relations between Morocco and Tanzania, noting that the visit of HM the King helped promote bilateral ties diplomatically and economically.

Mahiga hailed the holding, over the past three days in Dar es Salaam, of the first Moroccan-Tanzanian trade and investment forum, marked by the participation of a host of officials and economic operators from both countries.

Tanzanian minister of industry, trade and investment Charles John Mwijage submitted, on this occasion, recommendations of the report on the Moroccan-Tanzanian trade and investment forum, underlining the importance of this first meeting that will give a boost to economic cooperation.

The Tanzanian minister noted that the said recommendations include the reinforcement of air routes between the two countries through direct flights.

Moroccan foreign minister Salaheddine Mezouar, for his part, affirmed that HM the King’s official visit to Tanzania is historic as it opens a new page in bilateral relations, stressing that it is high time to work hand in hand to build a sustainable partnership.

Mezouar noted that the signature of these 22 agreements mirrors the tangible model of south-south cooperation as advocated by His Majesty the King in favor of the promotion and the development of Africa. Chairwoman of the Moroccan employers’ association (CGEM) Miriem Bensalah-Chaqroun commended the huge efforts by Tanzania regarding economic transformation, as part of the country’s 2025 development vision.

She also paid tribute to Tanzania’s political stability, a central factor for economic dynamism and entrepreneurship.

Tags: King Mohammed VIMorocco and Tanzania
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