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Thursday 13 April 2017

Lord Mayor of London Visits Casablanca Stock Exchange

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Lord Mayor of London Visits Casablanca Stock Exchange

Lord Mayor of the City of London, Andrew Parmley, visited, on Wednesday the headquarters of the Casablanca Stock Exchange, in order to boost Moroccan-British cooperation, notably in the financial sector.

The visit is part of a tour in North Africa of the 689th Lord Mayor of the City, who is leading a large delegation, composed of government officials and entrepreneurs seeking growth opportunities after the Brexit.

It is also an occasion for members of the British delegation to meet their Moroccan counterparts and to explore business and partnership opportunities in several promising sectors areas, such as renewable energy, services, technologies, green finance, tourism and Islamic finance.

According to Parmley, Morocco and the United Kingdom are bound by strong relations and this visit is meant to further promote bilateral cooperation in order to establish a "win-win" partnership that fosters economic growth and job creation in both countries.

 Trade between the United Kingdom and Morocco has evolved steadily, however they fall short of the huge potential of both countries' economies.

 The United Kingdom exports toward Morocco petroleum products, lubricants, airplanes, electric engines, medicines, machines, chemical products, plastic materials, fabrics, wheat, tobacco, disinfectants, perfumes and radio/TV receivers.

British imports mainly consist of clothing, electrical wires and cables, natural and chemical fertilizers, hosiery items, citrus fruits, canned fish, fresh tomatoes, canned vegetables and fruits, electronic components, fresh and frozen fruit, flowers, phosphoric acid, sanitary articles as well as fresh, salted or smoked fish.

MAP 12 April 2017