Representatives of Morocco recently went to South Korea to hold conversations with members of the South Korean government and of senior leaders and executives of companies and economic institutions of the country.
Moroccan Minister of Moroccan Industry and Commerce and the Ambassador of the Kingdom of Morocco in Seoul They met with senior executives from important companies and South Korean economic institutionswith the objective that the Alauí kingdom continues to reinforce its role at the geopolitical level, both in Africa and with numerous countries in Europe or the US.
And, Rabat sees a unique opportunity to continue uncovering as one of the great support for both for each other, always prevailing commercial relations above the rest.
In fact, currently, Morocco collaborates with USA, Israel, Spain, France, Germany, China, and a long etcetera. And now he has decided to launch into the arms of South Korea. To do this, the Minister of Industry and Commerce of the African country and the Moroccan ambassador to Seoul gathered in the Asian country, Chafik Rachadi.
As both defined before the media and the objective is to “reinforce bilateral cooperation and explore new association opportunities.” All this defines it as a very important step to increase investment with a view to continuing to develop its economy.
For this ambitious objective, they met with the CEO of Nexen Tire, Kim Hyeon Suk, with Samsung Engineering executive vice president, Sean Chungor with Yoon Jin Sik, president of the International Trade Association of Korea (Kita). These meetings served to “explore the perspectives of cooperation in sustainable transport and development of railway infrastructure.”
On the other hand, the new investment letter, promoted by King Mohamed VI, is part of the country’s national economic and industrial development strategy. With this formula, The monarch intends to allocate billions of euros to encourage both national and foreign investment In the country, with all kinds of tax and tax advantages for those who take the step.
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