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Thursday 15 October 2020

CGEM, UNPM Committed to Promoting Economic Relations in Various Areas

CGEM, UNPM Committed to Promoting Economic Relations in Various Areas

The General Confederation of Morocco's Enterprises (CGEM) and the National Union of Mauritanian Employers (UNPM) are committed to promoting bilateral economic relations and strengthening links between the private sectors of the two countries.

"The strengthening of bilateral relations aims above all to strengthen relations between the sectoral bodies of the two countries", said UNPM President, Mohamed Zein El Abidine Ould Cheikh Ahmed, during a meeting held on Thursday in Casablanca at the CGEM headquarters, while welcoming the strong and close ties between the two countries in various economic sectors.

He also underlined the existence of synergies in several fields of activity, in particular fisheries and agriculture in addition to the mining sector.

He also recalled the weak presence of Moroccan companies in Mauritania - about twenty large industrial companies in addition to Attijariwafa Bank and Maroc Telecom -, noting in this regard the need to strengthen this presence.

He also expressed the wish to see Morocco participate in the International Investment Forum in Nouakchott, which will allow the two countries to explore business and investment opportunities and boost trade.

For his part, the president of the CGEM, Chakib Alj, stressed the need to identify opportunities and put in place the appropriate mechanisms to promote the development of partnerships between the two business communities in various sectors, in particular fisheries and agriculture and the mining sector.

In this regard, he underlined the importance to stimulate greater cooperation between the two countries while underlining the key role of the private sector in supporting the transformation and development policies of the Kingdom.

"It is therefore with great determination and a sense of duty that we will continue to promote relations between our entrepreneurs, with the certainty that we will be able to achieve our objective: the mutual economic growth of the economies of Mauritania and the Kingdom of Morocco", he said.

Morocco is Mauritania's largest trading partner in Africa and accounts for around 30% of trade between Mauritania and the rest of the continent.

MAP 15 October 2020