Free trade agreement Morocco and Canada in the making
The free trade agreement between Morocco and Canada is fast becoming reality. The news medium L'Economiste claims to have information of the Canadian Minister of international trade FranÃ§ois-Philippe Champagne.
"It's only to procedures," reported the newspaper. At a coming meeting between the industry ministers of the two countries is "finishing certain details and administrative formalities to sign the agreement and operational in both directions".
L'Economiste explains that there are many opportunities for Canadians, including improving bilateral trade and investment exchanges and promote Canada's foreign policy in the region, since this free trade agreement the first agreement of its kind with an African country. Canada will therefore use the country as "a gateway to a new Canadian commercial presence in the Mediterranean region and in Africa."
For Moroccan companies will the agreement with Canada "open new export opportunities, attract investors, setting up joint ventures, tourist flows multiply, create synergies with the Moroccan diaspora located in Canada."
The free trade agreement provides for Canada also have access to a population of 36 million inhabitants and thus consumers. In turn will have access to the Canadian market also the Moroccan operators allow the American market (1.2 billion consumers). And that's not all, since Canada has signed a number of agreements, some binding, with Chile, Colombia, Panama, Peru, Ukraine, Korea, Australia, Japan, New Zealand and Viet Nam. That's a lot of export opportunities for Moroccan companies.