First Independent Mena Newspaper
The Japanese House of Councilors on Wednesday adopted the agreement on non-double taxation signed between Morocco and Japan. The agreement was signed in Rabat on January 8 during the fifth session of the Morocco-Japan Joint Commission meeting. It is meant to avoid double taxation and to prevent tax evasion and fraud. It applies to persons […]
Morocco is hosting 71 Japanese companies operating in the automotive industry and renewable energy. These firms are employing nearly 40,000 people, making Japan the largest foreign private employer in the North African Kingdom. The remarks were made by chairman of the Moroccan employers’ union (CGEM) Chakib Alj during a networking meeting between Moroccan economic […]
Japan’s Deputy Foreign Minister Nakatani Shinichi renewed on Monday his country’s steadfast stand on the Sahara issue and backing to Morocco’s territorial integrity, affirming that Tokyo does not and will not recognize the Polisario separatist entity. Mr. Nakatani reiterated his country’s position at a meeting held in Rabat with Minister Delegate to foreign Affairs Mohcine […]
Morocco and Japan have signed three agreements during the 5th session of their joint commission, held this Wednesday, Jan.8,in Rabat. The agreements include a convention on non-double taxation; an agreement on the protection and promotion of investments; and an agreement in the form of an Exchange of Notes under which Japan will donate a batch […]
Japan’s industrial giant Sumitomo Group will launch next year in Tunisia a plant where it will produce cable harnesses for automobile companies in Europe. The plant to be located in Monastir industrial park (NEOPARK), will be erected by Sumitomo Electric Wiring Systems Europe (SEWS-E), the Japanese group’s European subsidiary. The future plant will require investment […]
Thanks to its proximity to Europe, business friendly climate and sound infrastructure, Morocco offers an alternative to Japanese automotive manufacturers in a context marked with Post-Brexit uncertainties, the Asian Review wrote. One of these companies, Sumitomo Corp aims at making of Tangier its entry into African industrial parks at stone’s throw from Europe The Tanger […]
The Japanese company Univergy Solar has announced it will invest $200 million in Zambia to carry out two solar photovoltaic projects. The investment will enable the new independent power producer (IPP) to build two photovoltaic solar power plants. The first plant will be located in northern Zambia, with a capacity of 135 MWp. The second, […]
Leading Japanese car parts maker, JTEKT, has inaugurated this Wednesday Oct.9 in the Tangier Automative City Zone its new steering systems production factory, worth $22.7 million. Executive Director of JTEKT Corporation, Hirofumi Matsuoka, said at the inauguration ceremony that this new plant in Tangier is JTEKT’s first industrial site on the African continent. […]
Japan and Morocco have agreed in principle on a tax convention that will promote further mutual investments and economic exchanges between the two countries, announced the Japanese Foreign Ministry on its website on Tuesday. The Convention includes provisions for the purposes of clarifying the scope of taxation in the two countries, eliminating international double taxation […]
Global automotive parts supplier Yazaki is planning to open a new plant in Morocco in January 2020. This plant, Yazaki’s fourth in the kingdom, will be set up in Kenitra, some 40 km to the north of Rabat, and will start operating in January 2020, says L’Economiste daily. The facility will employ 2,500 people, bringing […]