Morocco: Preparing for the next Franco-Moroccan meeting.
25 July 2012
Read by 1453 persons
Exchanges and visits have begun to prepare for the next meeting of the French and Moroccan heads of government, scheduled for the end of this year.
After a series of visits back and forth to Rabat and Paris, the French Minister in charge of Development, Pascal Canfin, began a three-day visit to Morocco on Wednesday.
This meeting is certainly crucial for Morocco because France remains the Kingdom's first partner in terms of trade and cooperation, exchanges that reached 7.4 billion euros in 2011, or more than 81 billion DH.
France alone absorbs a quarter of Morocco's exports, mainly concentrated in the textile, electrical and electronic components, and agri-food sectors.
Financially speaking, France remains the leading foreign investor in Morocco with a stock of Foreign Direct Investment (FDI) estimated at 14 billion euros. French companies have 750 subsidiaries in Morocco and employ more than 100,000 people.
French cooperation, through the French Development Agency (AFD), is increasingly involved in the social field, land development, support for economic development, the rule of law, and justice. More than 2.7 billion euros have been committed by the AFD over twenty years of diversified partnership with Morocco to maintain a strong presence in the country, including at the level of cultural exchanges.
Furthermore, France is also present for the financing of the "green plan" in the field of agriculture or the "emergency plan" in the field of education. Support for the Moroccan solar energy project and the reduction of the digital divide within the framework of the "Maroc Numeric 2013" plan is also part of France's strong areas of intervention.
Biladi.ma
Published on July 20, 2012.
Posted online on July 25, 2012.
After a series of visits back and forth to Rabat and Paris, the French Minister in charge of Development, Pascal Canfin, began a three-day visit to Morocco on Wednesday.
This meeting is certainly crucial for Morocco because France remains the Kingdom's first partner in terms of trade and cooperation, exchanges that reached 7.4 billion euros in 2011, or more than 81 billion DH.
France alone absorbs a quarter of Morocco's exports, mainly concentrated in the textile, electrical and electronic components, and agri-food sectors.
Financially speaking, France remains the leading foreign investor in Morocco with a stock of Foreign Direct Investment (FDI) estimated at 14 billion euros. French companies have 750 subsidiaries in Morocco and employ more than 100,000 people.
French cooperation, through the French Development Agency (AFD), is increasingly involved in the social field, land development, support for economic development, the rule of law, and justice. More than 2.7 billion euros have been committed by the AFD over twenty years of diversified partnership with Morocco to maintain a strong presence in the country, including at the level of cultural exchanges.
Furthermore, France is also present for the financing of the "green plan" in the field of agriculture or the "emergency plan" in the field of education. Support for the Moroccan solar energy project and the reduction of the digital divide within the framework of the "Maroc Numeric 2013" plan is also part of France's strong areas of intervention.
Biladi.ma
Published on July 20, 2012.
Posted online on July 25, 2012.
