Madrid – Morocco has emerged as an important destination for foreign investment thanks to its stability and its strong and diversified economy, a report of the Chamber of Commerce and Industry of Zaragoza (Aragon Region, North of Spain) said Thursday.
“Given its stability, its strong and diversified economy and its openness to international markets,” Morocco is a privileged destination for foreign investors, the report stressed.
Morocco, which is the first African destination of Aragon region’s exports, has in recent years adopted a policy of liberalizing its economy for better competitiveness of its products, added the report on markets offering opportunities to investment and growth prospects.
The report also recalled the free trade agreements signed between Morocco and several countries, including the United States and Turkey, and the Association Agreement with the European Union (EU) and the Agadir Agreement with Egypt, Jordan and Tunisia.
It also focused on the various sectors that offer the best investment opportunities in the Kingdom, including those of industry, tourism, energy, telecommunications and agriculture.
Aragon region’s economic activity revolves around several areas: agriculture, tourism, industry and trade. Its GDP is about 3 pc of Spain’s GDP.
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