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Wednesday 7 April 2021

Moroccan, South African Chambers of Commerce Sign MoU to Strengthen Sectoral Cooperation

Moroccan, South African Chambers of Commerce Sign MoU to Strengthen Sectoral Cooperation

The Chamber of Commerce, Industry and Services of the Souss-Massa region and the South African Chamber of Commerce and Industry of the Cape region signed, Wednesday, a Memorandum of Understanding (MoU) on the strengthening of sectoral cooperation between the two parties.

Recognizing the substantial potential for developing and strengthening economic cooperation between Morocco and South Africa, this memorandum aims to establish a partnership framework in areas of common interest such as industry, investment, trade and services.

The memorandum, signed at a working meeting held by video conference, also places special emphasis on the economic development of Small and Medium Enterprises (SMEs).

On this occasion, president of the Chamber of Commerce, Industry and Service of Souss-Massa, Karim Achengli, shed light on the economic potential, in terms of future cooperation, that Morocco and South Africa have as two African countries that can contribute to continental development.

For his part, president of the region, Brahim Hafidi, highlighted the economic performance of the region of Souss-Massa and the economic attractiveness of Morocco which encourages, through various sectoral strategies, entrepreneurs to invest more and more in the Kingdom.

On his turn, President of the Chamber of Commerce and Industry of the Cape Region, Jacques Moolman expressed his willingness to establish a fruitful partnership with Morocco and develop a future sectoral cooperation with the region of Souss-Massa.

MAP 07 avril 2021