Spanish businessmen willing to increase investments in Morocco

Head of the Spanish Entrepreneurs of the Valence Region, Spain, said Tuesday here that the Spanish businessmen want to enhance their presence in Morocco and mainly in the northern region which offers great business opportunities.

At a news conference held in Rabat after a prospecting mission in Morocco's northern region, Rafael Ferrando said

the Spanish businessmen are ready to set up joint ventures with Moroccan peers in various commercial and industrial sectors such as fishing, tourism, textile and agriculture.

Rafael and his accompanying delegation toured the northern region to assess its economic potentials and glean data on the incentives granted to foreign investors.

Spain is Morocco's major European trade partner after France and Italy. Morocco's imports from neighboring Spain consists mainly of industrial, electric and electronic equipment and chemicals while Morocco's exports are made mostly of agricultural produce, fish and various raw materials.