Moroccan-Mauritanian business council holds first meeting
Morocco-Mauritania, Economics, 1/31/2002

The Moroccan-Mauritanian business council held its first meeting in Rabat Wednesday on the sidelines of the second session of the Moroccan-Mauritanian high joint commission, convening here January 30-31 under the co-chairmanship of the two countries' Prime Ministers, Abderrahmane Youssoufi and Cheikh Al-Afia Ould Mohamed Khouna.

The council's session was attended by scores of Moroccan and Mauritanian businessmen from the sectors of fisheries, tourism, banking, merchant navy, energy and telecommunication, and by the two countries' ministers of trade, Mustapha Mansouri and Aslamou Ould Abdelkader.

Participants surveyed the administrative and judicial constraints hampering economic cooperation between the two countries and urged private operators to benefit from the political will voiced by the two countries' leaders to promote investments, consolidate partnership and increase the flow of trade exchanges.

The members of the council, set up in June 2000 in Noukchott during the first session of the Moroccan-Mauritanian high joint commission, pledged to expound to the two countries' operators the economic and investment opportunities existing in either country and to talk them to promote exchanges of goods and services. The council members underlined the importance of bilateral economic cooperation in fostering Maghreban integration.

Mauritania and Morocco are both members of the Arab Maghreb Union (UMA) that also musters Algeria, Libya and Tunisia.

Trade exchanges between Morocco and Mauritania did not exceed 148 million Dirhams in 2000 (nearly US$ 12.86 million). Morocco's exports to Mauritania are assessed at 147.56 million DH while the kingdom's imports from its Maghreban partner stand at merely 300,000 DH.

Previous Stories:
  Morocco, Mauritania define implementation programs of fisheries cooperation   (11/14/2001)
  Moroccan electricity utility shortlisted for privatization of Mauritania's SOMELEC   (11/8/2001)
  Moroccan airline starts second flight to Nouakchott   (9/18/2001)

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