Diplomacyindia.com

India, Morocco start new chapter of business cooperation

India, Morocco start new chapter of business cooperation
October 28
19:57 2015

New Delhi, Oct 28 (IANS) Heralding a new chapter in India’s seven centuries-old relations with Morocco, the Federation of Indian Export Organisations and the Moroccan Centre for Export Promotion (Maroc Export) have signed a Memorandum of Understanding (MoU) here during the ongoing India-Africa Forum Summit.

The MoU will allow cooperation and exchange of information related to trade, technical transfer and economic cooperation.

Maroc Export, which has brought a 50-member Morocccan business delegation here, signed a second MoU with India’s PHD Chamber of Commerce “to create synergies between the two organizations for the benefit of the companies residing in their respective countries.”

The business delegation visit and the agreements reflect both countries desire to expand the phosphate-centric trade relationship to other sectors. Morocco’s King Mohammed VI is attending the third India-Africa Forum Summit (IAFS) to consolidate Morocco’s relationship with India.

Morocco-India trade relations have also scored a steady growth. In 2014, trade between the two countries stood at $1.36 billion, with India’s exports to Morocco amounting to $500.5 million, while imports were valued at $855.8 million.

The balance of trade is generally in favour of Morocco because of India’s imports of phosphoric acid and rock ph’sphate. India sources a large chunk of its rock phosphates and phosphoric acid requirements for its fertiliser industry from Morocco, the world’s biggest phosphate exporter.
India is seeking to explore new ways to expand in energy and infrastructure, as well as innovation and technology, where Morocco ranks second in Africa.

India’s ties with Morocco, that date back to the 14th century visit of Moroccan traveller Ibn Batuta, got a major revival with the 2014 visit of then external affairs minister Salman Khurshid, which also underscored the strategic and economic importance of the North African country.

On Thursday, India’s Amity University is slated to sign memoranda of cooperation respectively with Morocco’s Al Akhawayn University and ESCA School of Management for exchange in the field of higher education.

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

<

On the Eve of 30th Years of Independence of Republic of Uzbekistan, H.E. Dilshod Akhatov, Ambassador of Uzbekistan to India in conversation with Ameya Sathaye, Editor-in-Chief.

Denmark Ambassador to India Freddy Svane in conversation with Amb Pradeep Kapur & Ameya Sathaye, Editor-in-Chief

Italy india will work closely together for G20 : Italy Envoy to India

Do you know why FINLAND is ranked number ONE in Happiness index, watch this interview with Finland Ambassador to India

Exclusive Interview : H.E. Jasem Ibrahem Al Najem Ambassador of Kuwait to India speaks on India Kuwait bilateral relations

ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा ड्रैगन ने हाथी को क्यों डसा, भारत- चीन रिश्तों की कहानी- रंजीत कुमार के साथ अमेय साठे की विषेष चर्चा 0 comment Read Full Article

H.E. Reuben Gauci, Ambassador of Malta to India speaks on India-Malta Bilateral Relations

Portugal supports India in covid crisis : Portugal Ambassador Carlos Pereira Marques speaks with Ameya Sathaye, Editor-in-Chief

Vietnam Ambassador to India, Pham Sanh Chau speaks on Vietnam support to India in tackling covid crisis

Netherlands supports India in covid crisis : Netherlands Ambassador Marten van den Berg speaks with Ameya Sathaye

Envoy Speaks : Gopal Baglay, Indian High Commissioner to Sri Lanka speaks on Bilateral relations, business opportunities, Tourism & people to people to people contacts

Kuwait reciprocates, we stand with India in this hour of crisis : Kuwait Ambassador to India

Canadian High Commissioner, Nadir Patel speaking on support to India in covid crisis

Italian Ambassador to India, Vincenzo de Luca speaking on Italy support to India in covid crisis

H.E. Mr. Reuben Gauci, Malta High Commissioner to India speaks with Ameya Sathaye, Editor-in-Chief of Malta support to India in covid crisis

Danish Ambassador to India Freddy Svane speaking on Denmark aid to India

Video Interview with Vinod Daniel, CEO, India Vision Institute, Board Member, International Council of Museums & Chairman, Ausheritage

DENMARK AMBASSADOR FREDDY SAVNE VISIT TO CORONOVIRUS VACCINE FACILITY AT HYDERABAD, A TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVT OF INDIA FOR FOREIGN ENVOYS BASED IN INDIA.

MALTA HIGH COMMISSIONER TO INDIA, H.E. REUBEN GAUCI SHARING HIS IMPRESSION ABOUT HIS VISIT TO HYDERABAD : TRIP ORGANISED BY MINISTRY OF EXTERNAL AFFAIRS, GOVERNMENT OF INDIA FOR ENVOYS BASED IN INDIA TO UPDATE ON CORONAVIRUS VACCINE

H.E. Mr. Dinesh Bhatia, Ambassador of India to Argentina in conversation with Ameya Sathaye, Editor-in-Chief

Pictures of Formal Launch of Website Diplomacyindia.com

Exclusive Interview with Prime Minister of Guyana, H.E. Mr. Moses Veerasammy Nagamootoo during his recent visit to India.Highlights of the interview were Indian Cultural Connect, Vibrant Bilateral Ties and Cultural Connect and India’s Economic Prowess.

Video Message from Shri Prakash Javadekar, MoS (IC) for Forest, Environment & Climate Change on eve of Formal Launch of Website Diplomacyindia.com

Message from Gen. V K Singh, (Retd.) Hon’ble MoS, External Affairs to Diplomacyindia.com

WP2Social Auto Publish Powered By : XYZScripts.com