Tangiers free zone woos Portuguese enterprises
Morocco-Portugal, Economics, 7/5/2003

A Moroccan official delegation has met on Thursday over one hundred Portuguese enterprises to talk them into opening businesses in the free zone in the Moroccan northern city of Tangiers, reassuring them that all arrangements were taken to help businesses succeed.

The Moroccan executives told Portuguese entrepreneurs about the attractive business environment in Morocco, measures taken to end red tape, endeavors to promote the market economy and the presence of a skilled labor both in traditional sectors and in the new information technologies.

The personal commitment by King Mohammed VI to improve investment conditions, the Moroccan-Portuguese joint will to establish true partnership and other advantages associated with geographic proximity, safety and upgraded economic competitiveness were other assets cited by the Moroccan officials.

Morocco is in the process of creating a free-trade zone with the EU and is negotiating a free-trade agreement with the USA, said Moroccan ambassador, Salheddine Tazi, who also stressed that the kingdom is endeavoring to enhance the competitiveness of its economy and make it more modern and more adapted to globalization needs.

Portuguese entrepreneurs were also called to follow suit to 60 Portuguese enterprises already present in Morocco and drawing benefit from the kingdom's fiscal, real estate and customs incentives.

The Tangiers Free Zone, chosen by 6 Portuguese firms, was the focus of this work session that surveyed the industrial skills it harbors, mainly in car making. The Tangiers Free Zone is a genuine hub and interesting industrial platform with the set of fiscal and customs advantages it offers for agri-food, textile, leather, metallurgic, electric and electronic companies wishing to relocate their activities, says the FTZ general manager.

Previous Stories:
  Portuguese group bids for building, operating tourism area in Morocco   (10/12/2002)
  Portuguese Businessmen want partnership with Moroccan peers   (10/10/2002)
  Moroccan, Portuguese businessmen probe partnership possibilities   (5/11/2002)

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