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MENAFN - Kuwait News Agency (KUNA) - 17/06/2014
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(MENAFN - Kuwait News Agency (KUNA)) Spain and Morocco agreed Monday to enhance the bilateral economic ties and investment cooperation with a third country from the EU bloc or Africa.

A joint statement issued following the talks between Moroccan Minister of Foreign Affairs and Cooperation Salaheddine Mezouar and his Spanish counterpart Jose Manuel Garcia-Margallo said the two sides highlight the significance of the African dimension in the trilateral framework of their cooperation.

There is a lot of promising investment opportunities in Africa that could, if properly tapped, add dynamism to the Moroccan-Spanish cooperation, and contribute to stability and human development in the African continent, according to the statement.

The two sides urged for joint pragmatic action in addressing the security challenges posed by terrorism and the illegal immigration from the Sub-Saharan Africa to Europe.

They also called on the international community to make more efforts to restore peace and stability in the Middle East and curb the growing violence in Syria and Iraq in particular.

They stressed the need to reach a political solution to the conflict in Libya through dialogue among the broad spectrum of the Libyan society, the statement pointed out.

Spain reaffirmed its firm stance on the Western Sahara which is to reach a mutually acceptable settlement based on the UN resolution.

Mezouar, on his part, stated that the Moroccan initiative for granting the residents of the region a large degree of autonomy under the sovereignty of Morocco provides a firm ground for viable solution.

The two sides agreed to encourage the private sectors of both countries to play a greater role in promoting economic and investment cooperation.

The two ministers are looking forward to the visit of Spanish King Felipe VI to Morocco by August and the meeting of the joint commission in Madrid this September.

Spain is Morocco's second largest trade partner with EUR 5.5 billion worth of exports to Morocco and EUR one billion-worth imports from the Arab country.


Kuwait News Agency (KUNA)

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