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Morocco is hoping to strengthen business relations with Mozambique in the areas of fertiliser production, agricultural mechanisation and the training of agricultural engineers, a meeting between Morocco’s ambassador in Mozambique and Mozambique’s Confederation of the Economic Associations (CTA) announced yesterday.
Morocco’s economy is dominated by agriculture, which employs 40 per cent of the working population and accounts for almost 15 per cent of gross domestic product, so this will be the priority in economic cooperation with the country.
“We would like to develop agricultural cooperation with Mozambique in an integrated perspective. Firstly with regard to fertilisers, followed by the training of agricultural engineers and the mechanisation of drip irrigation systems. We would like to implement in Mozambique the integrated vision we have developed in West and East Africa,” Ambassador Abdelali Rahhl said.
Morocco re-joined the African Union in January 2017 after more than 30 years outside the bloc, and its economy has been characterised by macroeconomic stability and low inflation. Now the country says it is looking at the potential for economic growth and development in the continent, particularly in Mozambique.
This is a window of opportunity for national entrepreneurs in the priority sectors, Julião Dimande, chairperson of the Industry and Commerce department at CTA, said.
“We will benefit from this opportunity to exchange experiences and information on what Morocco has in terms of investment potential and circulate it to our members. We expect to sign an agreement with the CGM, the parallel Moroccan business organisation, and then we will be able to go ahead with investment interests,” he remarked.
The memorandum between CTA and Moroccan business people is expected to be signed by September this year.Source: O País