Italian institute to enhance industrial investment in Morocco

The Rome-based Italian Institute of Foreign Trade and the Moroccan Office For Industrial Development signed last week here an accord for the promotion and attraction of Italian industrial investments to Morocco.

The accord was concluded during a recent working visit the head of the Italian institute paid to Morocco. It provides for the consolidation of partnership in technical and industrial fields and calls for the encouragement of subcontracting, joint ventures and the holding of regular meetings to inform the two countries entrepreneurs on the business opportunities offered in either country.

The Italian governmental institute -- which has twenty offices in Italy and 85 branches abroad -- sees to the development of Italian economic, commercial and industrial partnership with the rest of the world.

Morocco is Italy's fourth-largest trade partner. Moroccan exports to Italy are composed mainly of fertilizers, fresh fish and garments, while imports are made mostly of cars, machinery and industrial tools.