Morocco, Vietnam discuss economic cooperation

 The means to boost economic cooperation between Morocco and Vietnam were at the heart of the first high-level institutional prospection meeting, held on March 30-31 in Hanoi and co-chaired by Minister delegate for Foreign Trade Mohamed Abbou.

"I invite operators in the two countries to grab the investment opportunities offered by our two economies through forging win-win partnerships where Vietnam becomes our gateway to Asian market and Morocco offers a platform for Vietnam to access European and African markets," said Abdou.

Morocco advocates launching trade and investment partnerships between Moroccan and Vietnamese firms with a view to unlocking the full potential of economic relations between the two countries, he said.

In this respect, there is a need to add a fresh impetus to the Moroccan-Vietnamese joint business council as a key instrument in stepping up cooperation between the business communities of the two countries, Abbou added.

Abbou also rejoiced at the steady increase in trade between the two countries, noting that Morocco’s imports from Vietnam stood at 147 million dollars in 2013 compared to 40 million dollars in 2010.

Morocco is Vietnam’s 6th client and its 17th supplier, added the minister, noting that the full potential of Morocco’s exports to Vietnam is yet to be unlocked.

MAP 31 March 2015