American Ambassador to Morocco Duke Buchan has affirmed that the North African Kingdom “offers boundless opportunities for U.S. firms looking to invest”.
The diplomat made the remarks during a meeting held lately in Rabat with Moroccan minister of Industry and Trade Ryad Mezzour. They discussed ways of strengthening further partnerships to deepen economic cooperation between the two countries.
Building on 250 years of friendship, the United States and Morocco share a more prosperous future, said Ambassador Duke Buchan in a post on his X account.
Morocco is positioning itself as a regional business and industrial hub by leveraging its geographically strategic location, political stability, and infrastructure to expand as a regional manufacturing and export base for international companies.
Morocco is also the only country in Africa with a free trade agreement (FTA) with the United States. The FTA supports Morocco’s goals to develop as a regional financial and trade hub, providing opportunities for the localization of services and the finishing and re- export of goods to markets in Africa, Europe, and the Middle East.
Morocco actively encourages and facilitates foreign investment particularly in export sectors like manufacturing, renewables, automotive, aeronautics, textiles, pharmaceuticals, outsourcing and agribusiness.
