Spanish ambassador calls for mutually-profitable partnership with Morocco
Morocco-Spain, Economics, 10/28/1999

Spain's ambassador in Morocco, Jorge Descallar, called in Casablanca Wednesday for Morocco and Spain to establish a mutually-profitable partnership, stressing that King Mohammed VI is resolved to consolidate bilateral relations.

The Spanish diplomat, who chaired the two countries' conference on food industry said his country has taken a series of measures for Morocco, citing the swapping of Moroccan debts into private investments and a new financial arrangement to develop the kingdom's northern provinces.

After he recalled that Spain is Morocco's second supplier, he noted that Moroccan agro-food imports are limited by the high customs protection.

Despite the package of encouragement measures enforced in Morocco to attract investors, Spanish participants noted that the balance of agro-food trade remains favorable to Morocco due to the high cost of energy, land and transport and heavy administrative procedures.

Previous Stories:
  Morocco's trade and industry minister in Italy   (10/27/1999)
  Spanish fishery pressure-groups critical of EU   (10/26/1999)
  Moroccan and Spanish trade unions call for consolidation of technical and social cooperation   (10/4/1999)

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