The Kingdom of Morocco is the sole Maghreb nation that has long years of relations with Saharan African countries. It all began with the caravan routes that started from Morocco to reach black Africa.
The country has long been strongly committed to promoting peace and tolerance as evident in the presence of a variety of religious communities that have made Morocco their home.
Morocco king’s continuous yearly visits to African countries strengthened this economic partnership. Bilateral agreements between public and private sector were made which confirmed Morocco’s importance in Africa in developing the continent.
King Mohammed VI visits reinforce historical ties and collaboration projects in the fields of agriculture, tourism and trade have supported the demands of both populations.
Morocco’s strong desire to make South-South cooperation has been fully expressed by the king. For the past years, most of the country’s direct foreign investment of Morocco is in Africa. When the Ebola virus hit West Africa, Morocco was the only country to retain its airlines.
Launching fair and balanced economic relations took off in 3 stages. First is Morocco’s involvement in public businesses on varied projects connected to the improvement of basic infrastructures such as dams, roadworks, electricity, water management etc. Second, private companies got into service industry such as banking, mining etc with support from a dynamic financial stand. The present stage is manifested by the impulse of true economic strategy on regional integration in all aspect.
When this regional integration is realized, it will help open more opportunities and Africa’s potential to offer hope and improved lifestyle to its people. It will help the continent to back up and depend on its capacity by improving South-South partnerships and enabling the transfer of technology in common framework.
The Kingdom of Morocco has by now taken part in some initiatives in support of countries in Africa, which includes the debt deletion of some less developed countries and full exemption of customs duties of their product’s entry to Morocco’s market.
In its continuous efforts to solidify the cooperation with African partners, especially with West African Economic and Monetary Union and to abide to the Community of Sahel, Morocco is in negotiation for strategic partnership agreements which includes the continuous establishment of free trade areas with Economic Community of West Africa States (ECOWAS) and the Economic and Monetary Community of Central Africa (CEMAC).
These opportunities help direct foreign financing support on infrastructure projects in Africa while entrusting the management of these projects to Moroccan companies. Doing so further solidifies the economic relations of Morocco to other countries of the continent.
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