(MENAFN- Morocco World News) Rabat – signed a Memorandum of Understanding () on China's "Belt and Road Initiative" on Thursday in Beijing, reviving the ancient "Silk Road on Land and Sea," by setting up a trade and infrastructure network linking Asia to Europe and .
The memorandum was signed by Chinese Foreign Minister Wang Yi and his Moroccan counterpart , who is on a two-day working visit to .
Inspired by the mythical "Silk Road", the initiative comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road. It was proposed by China in 2013 as a means of building a trade, investment, and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes.
Bourita said that is prepared to cooperate more with China on trade, investment, and railway construction.
welcomes to expand markets in and the Arab world by making use of the kingdom's country's geographical advantages, added Bourita.
The Moroccan minister said that supports China's sovereignty, territorial integrity, and legitimate maritime interests.
Morocco is the first African country to join the "Belt and Road" initiative. In a speech to the Summit of the Forum on Sino-African Cooperation in December 2015, welcomed the Chinese president's launch of the initiative.
Wang encouraged the two countries to implement the consensus reached by their leaders to promote bilateral strategic partnership.
treasures Morocco's "firm support of China's core interests and major concerns," said Wang, affirming that the East Asian country "will always support Morocco's efforts to maintain national unity, stability and development."
On the basis of the MoU, will cooperate more with on trade, investment, military and security, culture, , and .
Other areas of corporation will also include major international and regional issues and joint action safeguard common interests of developing countries.
Through the Belt and Road MoU, Morocco will offers a number of assets to contribute to the enrichment of the initiative.
As the next year will mark the 60th anniversary of bilateral ties, the kingdom has been celebrating its history of exchange and cooperation with the countries along the old Silk Road.
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