Saturday, 30 October 2010
British Ambassador: Morocco is making great efforts in economic development
Posted on 18:33 by google
Morocco (Rabat) - The British Ambassador in Rabat, Timothy Morris, has said his country is impressed by Morocco's efforts in the area of economic development, expressing the UK's willingness to benefit from the investment opportunities the Kingdom of Morocco has to offer.
"Morocco is making great efforts in the area of economic development, and we are very impressed by these efforts," Morris said in an interview with MAP on Saturday.
The diplomat added that the two countries have "historical, very strong and very close political relations, but the major challenge remains to promote economic ties at the level of trade and investments."
The two countries' Foreign Ministries have a very good dialogue which enables to address several international issues of shared interest, especially the Mideast peace process, development in Africa, security and human rights in the world, said Morris, who noted that the two governments tackle other areas of cooperation, particularly the economic aspect.
The Moroccan government and private sector seek to enhance bilateral trade, he said, commending Morocco’s actions to present the British economic operators with the reality of the national economy.
In this regard, he recalled the first meeting held, last June in London, on trade between Morocco and the United Kingdom, praising the efforts made by Morocco’s ambassador to the UK, Chrifa Lalla Joumala Alaoui, to promote the bilateral economic cooperation.
He also hailed the Moroccan-British business council to present the Britons with the key sectors of the Moroccan economy and propose “practical ideas” to enhance the bilateral economic cooperation.
The diplomat insisted that the British companies take interest in many sectors in Morocco, including renewable energies and education, notably higher education through cooperation between the two countries’ universities.
He recalled, in this respect, that the British group International Power won a contract to set up one of the greatest wind farms in the southern city of Tarfaya.
The English operators may also be interested in investing in car industry and aeronautics, two sectors that “open up good avenues for Morocco,” he said, pointing out that the British market is open to the Moroccan products, especially the agricultural ones.”
In the field of tourism, the diplomat called for some impediments to investments in this field to be overcome, particularly the issue of real estate.
He expressed his country’s willingness to support Morocco to carry out the mega-project of the Casablanca financial hub.
On the advanced status granted by the European Union to Morocco, Morris said “as a member of the European Union, we are aware that this advanced status will make it possible to bring the two sides closer to each other.”
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