KUNA
A Moroccan-GCC panel convened on Tuesday in Rabat and agreed on a number of measures to beef up economic and commercial cooperation.
The panel agreed a slew of measures and mechanisms to boost mutually-beneficial economic partnership, Moroccan Minister of State for Foreign Trade Mohammad bin Ayyad told KUNA on the sidelines of the first day of the third session of the panel.
The agreed upon measures relatives to removal of customs barriers, evasion of tax duplication and encouragement of mutual investments in industry, commerce, agriculture and services, he said.
He pointed out that the conferees have also discussed increasing trade exchange and cementing partnership between private and enterprise sectors in both sides.
For his part, head of Kuwait’s delegation to the meeting and director of economic negotiations department at Kuwait’s Ministry of Commerce and Industry Talal Al-Nemash told KUNA that the Moroccan and GCC officials have concurred on signing a memorandum of understanding for ameliorating commercial and industrial exchange.
They also mulled preparation for holding the fifth Moroccan-Gulf investment forum and coordination of stances of economic issues at the Arab League and Organization of Islamic Cooperation.
Al-Nemash underscored the importance of the meeting in boosting economic partnership between Morocco and Gulf countries.
He noted that Kuwait is keen on expanding economic and commercial cooperation with Morocco.
Al-Nemash, however, urged Moroccan officials to remove barriers obstructing the smooth influx of Gulf investments into their country.
(end) mry.ibi
