(MENAFN- Kuwait News Agency (KUNA)) Kuwait Industries Union (KIU) said here on Tuesday that it has discussed with a delegation from Morocco ways of boosting economic cooperation between the two countries, especially industrial opportunities available in Morocco.
In a statement, the Union quoted Moroccan Ambassador to Kuwait Dr. Yahya Banani as saying that his country is moving on toward implementing an integrated strategy aimed at strengthens economic tributaries within it, and encourages traditional industries in particular.
Banani added that his country is keen to providing several advantages for investment within its territories, including tax exemptions and flexible laws, noting that the investment advantages, to be obtained by the investor, would increase every time the volume of investment increases.
Also, he indicated the possibility of negotiation with the government regarding granting lands and other facilities, adding that Morocco enjoys a political stability, which gives it a major quality in attracting foreign investments, especially since share capital requires a stabilized and safe environment.
For his part, Mohammad Belhassan, chief of chamber of handicrafts in Morocco, said that 30 percent of total Moroccan manpower works in the traditional industry field, noting that his country is moving on with industries that give modernity impression.
Belhassan mentioned that some of the traditional industries that the country takes care of include traditional architecture, weaving, carpet, mosaic, and gypsum, as well as coppery, wooden, and iron industries.
The Moroccan traditional industries account for nine percent of Moroccan national product, adding that an academy specialized in traditional industries has been established due to the special position these industries have reserved within Moroccan community and economy, said Mohammad Al-Zaghary, a PM in Moroccan Council for Counsellors.
Furthermore, Al-Zaghary added that his country is very proud of such industries, especially with the current invasion by Asian products, stressing importance of caring for quality and type of Moroccan traditional industries.
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