Business Standard India
IANS | New Delhi
Morocco, which has free trade agreements with countries in North America and Europe, can be a window for Indian businesses to market in these regions, according to a Moroccan business delegation currently on a visit to India.
“Morocco has free trade agreements with Europe and is a member of the North American Free Trade Agreement (NAFTA),” said Jawad Kerdoudi, president of the Moroccan Institute for International Relations (IMRI), at an interaction at the Observer Research Foundation here.
Explaining that IMRI’s objectives include promoting Morocco’s trade with other nations, Kerdoudi also proposed a framework for tripartite cooperation involving Africa, India and Morocco.
“We can manage a tripartite cooperation between India, Africa and Morocco that will benefit all three parties, because we are very present in the continent. Morocco has been too linked to Europe. We want to diversify our relations to Africa, Latin America and Asia, and above all with India,” he added.
King Mohammed VI of Morocco was among the heads of state present at the third India-Africa Forum Summit here last year. Trade between the two countries stood at $1.36 billion, with Indian exports to Morocco amounting to $500.5 million and imports valued at $855.8 million.
The interaction, moderated by India’s former ambassador R. Vishwanathan, also touched on the new congruity in strategic interests in combating terrorism worldwide.
–IANS
