The agreements are intended to create a favorable investment environment in both countries.
Rabat – The Minister Delegate to the Minister of Foreign Affairs, African cooperation, and Moroccans Residing Abroad, Mohcine Jazouli, has signed three partnership agreements with the Japanese Minister of State for Foreign Affairs Keisuke Suziki to encourage Japanese investment in Morocco.
The two officials signed the accord at the 5th Morocco-Japan Joint Commission held on Wednesday, January 8, in Rabat under the co-chairmanship of the two officials.
The agreements complete the legal framework governing economic relations between Morocco and Japan.
The first accord touches on the promotion and protection of investment and aims to create advantageous conditions for investments in both countries, as well as promoting economic and bilateral relations.
The two ministers also signed an agreement to avoid double taxation and to prevent tax evasion and fraud. The accord applies to persons residing in both countries.
Meanwhile, the third agreement, part of the Japanese program “the economic and social development program,” involves equipping five production facilities in certain Moroccan prisons.
This signing ceremony took place in the presence of the Japanese Ambassador to Morocco, Takuji Hanatani, and the Moroccan Ambassador to Japan, Rachad Bouhlal, as well as representatives of the ministerial departments of the two countries.