Morocco holds trade event in Guinea

A Morocco trade week is currently held in the Guinean capital city of Conakry with a dozen Moroccan exporting enterprises attending.

Participants are exhibiting their products in a bid to conclude business contracts with operators from the African country.

The Moroccan enterprises represent several sectors including textile, metallurgic construction, telecoms, soft drinks, cosmetics, electricity, handicraft, agri-business.

A protocol of agreement on the creation of a Morocco-Guinea business council was concluded May 2, 2002 between the Moroccan federation of chambers of trade and industry and Guinea's chamber of trade, industry and handicraft.

The Morocco-Guinea trade decreased from US$ 31 million in 1995 to US$ 18 million in 2001, which is a 41% drop, with permanent deficit to the detriment of Guinea.