(MENAFN- The Peninsula) The Minister delegate to the Moroccan Minister of Industry, Trade, Investment and the Digital Economy, in Charge of Foreign Trade Mohamed Abbou (pictured) has called on Qatari businessmen and their Moroccan counterparts to work together to increase the volume of trade between the two countries.
Abbou made his remarks during a meeting with a number of Qatari businessmen as part of his visit to Qatar along with a delegation of Moroccan businessmen and investors. He said that the meeting embodied the common desire to increase partnerships and enhance ties, pointing to the importance of the private sector's role in developing and strengthening commercial and economic bilateral cooperation.
The Moroccan minister highlighted the efforts exerted by the two countries through various economic reforms and to improve business climate and develop the legal aspects to stimulate investment in view of the bilateral agreements encouraging its development and trade diversification.
Earlier, the Minister of Economy and Commerce H E Sheikh Ahmed bin Jassim Al Thani met with Mohamed Abbou and his accompanying delegation. Trade between the two countries reached in 2013 nearly QR508m. Qatar's exports to Morocco amounted to nearly QR436m.
Qatar and the Kingdom of Morocco share a distinct economic, trade and investment relations in addition to a number of agreements in economic fields, such as the economic, trade and technical cooperation agreement signed in 1990, the agreement on encouragement and protection of mutual investments in 1999 and the convention on the establishment of the Joint Higher Committee in 1996.
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