Morocco, Saudi Arabia prospect means to up trade cooperation

Means to boost trade cooperation between Morocco and Saudi Arabia topped meetings held last week in Jeddah and Mecca between Moroccan and Saudi businessmen.

The two parties stressed the importance of exchanging missions and expertise, signing partnership agreements and carrying out joint projects, emphasizing the important role of the private sector in enhancing trade relations between the two Arab states.

The businessmen surveyed obstacles hindering economic cooperation between the two states, calling for the reactivation of the bilateral agreements so as to cope with international changes.

Talks also dealt with several specific fields, mainly trade, finance, banking, stock exchange and labor legislation.

The Moroccan delegation, led by an executive of the Casablanca chamber of trade, industry and services, briefed the Saudi interlocutors on Morocco's economic reforms, which were praised by the World Bank, and the free trade agreements it concluded with the United States, Turkey as well as the free trade zone project with three other Arab Mediterranean countries (Tunisia, Egypt and Jordan) in the framework of the Agadir declaration.