Morocco, France Set to Advance Economic Cooperation

Morocco and France said they are ready to expand their cooperation to new fields such as new technologies and renewable energies building on solid ties and fruitful partnership in industry and services.

The remarks were made in a joint statement following talks between visiting French Finance Minister Bruno le Maire and his Moroccan peer Mohamed Benchaaboun.

The two ministers explored new fields to develop their economic partnership and cooperate together to improve their competitiveness, said the statement.

They said they were working on a mutually beneficial “production pact” providing for more support to SMEs notably after Morocco launched a plan in that regard.

The French minister also welcomed the tax policy measures taken by Morocco in line with the EU’s standards.

They also highlighted the success of Africa’s high-speed rail link (TGV) between Casablanca and tangier, built thanks to Moroccan-French cooperation.