The declaration was signed by Morocco's Minister in charge of Economic and General Affairs, Nizar Baraka, and the OECD Secretary-General, Angel Gurria, on the sidelines of the Ministerial Conference of the MENA-OECD initiative.

   Morocco is the second country to sign the declaration in the MENA region after Egypt.

   Baraka told reporters that the signing of the agreement by Morocco is the culmination of a long reform process launched by the north African country to improve the investment climate and attract more foreign investments.

   Through Morocco’s free trade agreements signed with many countries, “we offer to investors one billion of potential consumers”, he said.

   For Angel Curria, Morocco’s signing of the declaration shows progress made by the Kingdom in terms of investment’s policy with the aim of improving its international competitiveness and integration into the world economy.

   OECD’s declaration on International Investment and Multinational Enterprises aims at improving the investment climate, encouraging the positive contribution of multinational enterprises can make to economic and social progress and resolving difficulties which may arise from their operations.