African Business Review
BUSINESS LEADERS
A conference aimed at increasing trade between America and Morocco will focus on a number of key sectors including aerospace and renewable energy
Sheree Hanna
Representatives from both the US and Moroccan business communities will gather in Washington , United States, tomorrow for a business development conference.
The US Assistant Secretary of State for Economic and Business Affairs Jose W Fernadez and Acting Assistant Secretary of State for Near Eastern Affairs Beth Jones together with the Bureau of Energy Resources will host the conference.
The conference will look at ways to increase bilateral trade and improve business development in sectors including aerospace, agriculture, automotive and renewable energy and infrastructure.
Morocco’s Minister of Industry, Trade and New Technologies, Abdelkader Aamara, Minister of Agriculture and Fisheries Aziz Akhannouch and Minister Delegate for Foreign Affairs and Cooperation Youssef Amrani will head the Moroccan delegation.
It will take place at the US Department of State In Washington DC. The US currently enjoys one of its most comprehensive free trade agreements with Morocco which was implemented in 2006.
The agreement eradicated tariffs on 95 percent of traded goods and it has bolstered trade and investment between the two countries resulting in two-way trade valued at $3.79 billion in 2011.
To read the latest issue of African Business Review, click here
Partnership aims to bolster leadership and management in Africa
DHL boosts Libya’s connectivity with global logistics link
Top retailer teams with WFFin sustainability partnership
There are currently 120 American firms doing business in Morocco, which have created some 100,000 jobs and invested $2.2 billion.
The United States is providing $1.5 million in assistance designed to attract foreign investors to Morocco, to foster local economic development, and strengthen the legal and regulatory framework.
Secretary of State Hilary Clinton has set a goal of increasing trade from Morocco to the United States. The Morocco Business Development Conference aims to do just that by raising awareness among US businesses of opportunities to trade with, and invest in Morocco.
.
