Testimony: Morocco pioneer in euro-Mediterranean economic dynamics
Friday, November 10th, 2006Morocco “made today figure of pioneer in euro-Mediterranean economic dynamics” and must be regarded as “a zone of prospection of first order”, affirmed Mrs. Colette Huvenne-Guilleminot, regional adviser delegated to the economic action with the international and mayor-assistant of Tourcoing (Northern of France). In an intervention, Wednesday evening in Lille, in front of a Moroccan economic delegation led by Mr. Mustapha Mechahouri, Minister of Foreign Trade, within the framework of the operation “Morocco-Hexagon”, initiated by the embassy of the Kingdom in Paris and the Management of the Investments, Mrs. Huvenne-Guilleminot stressed that the Kingdom is a country “into full becoming which offers real opportunities for businesses” for the area North-Not - of - hamper. After having raised that North-Not - of - hamper, and in particular the regional Council, work since years to develop and promote the bilateral economic exchanges, it let know that the regional Council “included/understood, since now more than ten years, any the interest for to engage such a step towards Morocco” and that it is to date more than 300 companies of the area which were accompanied and took part in many economic demonstrations in the Kingdom. It also announced provision of the Council to more encourage the companies and the various economic actors of the area with S ¹ to interest in the Kingdom, stressing that L ¹ operation Morocco-Hexagon “is there to sensitize us still more”. “Morocco is a true economic partner with our door”, said Mrs. Huvenne-Guilleminot who pointed out in this respect “the assets are numerous”, of which a historical, economic and geographical proximity, no linguistic barrier, industrial sectors close and a will to the chiefs D ¹ undertaken D ¹ to invest in this zone. For its part, Mr. Mechahouri stressed that the topic of this meeting “Morocco moving” reflects L ¹ image of current Morocco, become a large building site with the launching of several ambitious projects. “Morocco moving translates an economic dynamics made possible thanks to the reforms which had a positive impact on fundamental macroeconomic balances and also by the taking into account of social dimension in the process of development”, it has says. The economic reforms carried out by the Kingdom enabled him to control fundamental balances of its economy, it added, recalling that during the period 2000 to 2005, the growth rate of the GDP S is established to 4,2% per annum on average against 3,6% between 1995 and 2000, the maintained budget deficit with 3%, L inflation controlled with less than 2% and the rate D ¹ investment was of L order of 25% of the GDP. The foreign investments and private loans amounted to some 2,9 billion dollars in 2005 and the assets external Nets to 18,4 billion dollars, it added, stressing that these reforms were guided by the concern D ¹ of improving L ¹ environment of the businesses and the support of the competitiveness of the companies. And Mr. Mechahouri to announce that this operation of partnership maroco-French is held at one moment when the Kingdom calls upon its faithful and credible partners in order to L ¹ accompany fully in the realization by its great projects by economic and social development. “Opportunities D carrying ¹ businesses and sectors” and “Partners and large building sites” were the two principal topics of this meeting to which to share in particular Mr. Fathallah Sijilmassi took, ambassador of Morocco in France. “Morocco-Hexagon” wants to be a turn of France to promote the bilateral economic relations. Before Lille, this demonstration took place in Bordeaux, Nantes, Rennes, Lyon, Toulouse, Troyes, Strasbourg and Marseilles-Nice. It will end in next December in Paris.
