To promote business relations and investments
Morocco is one of Andalusia's main trading partners and a market of priority interest for companies in the community.
The president of the Junta of Andalusia, Juan Manuel Moreno Bonilla, and the Minister of Industry, Investment, Trade and Digital Economy of Morocco, Moulay Hafid El Alamy, have inaugurated in Discount el Andalusia Morocco Business Meeting, which has brought together two hundred professionals from a hundred companies with experience in both markets and from entities and business organizations, foreign trade and investments. The objective of the event is to promote commercial relations and investments between both territories, taking advantage of their sectors of opportunity and their character as a gateway to their respective continents.
Along with the president of the Andalusian Government and the Moroccan minister, the ambassador of Spain in Morocco participated in the opening session, Ricardo Díez-Hochleitner Rodríguez; the ambassador of Morocco in Spain, karima benyaich; the president of the Confederation of Businessmen of Andalusia (CEA), Javier Gonzalez de Lara, and the president of the Confederation of General Companies of Morocco (CGEM), Salahedinne Mezouar.
Morocco is one of the main trading partners of Andalucía and a market of priority interest for community companies. Exchanges of goods between both territories in the first quarter of 2019 reached 667 million euros, with a favorable trade balance balance for Andalusia of 90 million euros.
Renewable energies, construction, infrastructure, logistics and agribusiness represent the main sectors of opportunity for Andalusian companies and have been the subject of analysis in different sectoral tables of the meeting, in which it has been revealed that the experience demonstrated by Andalusian companies In these fields it is your best endorsement.
Andalucía It is the community that leads the ranking of sales to Morocco in Spain, which is the first exporting country to this destination. In the first quarter of 2019 (latest data available), these sales amounted to 379 million euros, which represent 18,1% of national exports and 9,5% more than in the same period of the previous year. Thus, Morocco It is the seventh world market for Andalusia, with 4,6% of its exports, the second non-EU market and the first in Africa. A country to which Andalusia sells more than to all of Latin America, and is also the destination to which the most companies export, 6.147 in 2018, which represents a quarter of all exporters in the community (24.107).
These figures reinforce the 17,2% export growth recorded in 2018, the highest of the 10 most exporting communities, to stand at 1.462 million, and the strong progress experienced in the last decade (2009-2018), in which practically They have tripled exports to Morocco (+182%), with almost 1.000 million euros more (+943 million).
The meeting held today in Discount It is part of the official agenda developed by the president of the Junta de Andalucía on his first institutional visit to Morocco since his inauguration. More than 75 professionals from more than 50 Andalusian companies and professionals from investment organizations, foreign trade, financial sector, foreign trade entities, professional entities, etc. have traveled from Andalusia. They have been joined by Moroccan businessmen and public and private entities with the same name as the Andalusian ones, until the two hundred professionals attending the meeting are complete.
El Andalusia-Morocco Business Meeting is organized by the Ministry of the Presidency, Public Administration and Interior of the Junta de Andalucíathrough Extenda-Andalusian Foreign Promotion Agency; the Government of the Kingdom of Morocco; the Confederation of Businessmen of Andalusia – CEA, and the General Confederation of Companies of Morocco – CGEM. In addition, the Andalusian Council of Chambers of Commerce of Andalusia, the Moroccan Investment Development Agency – AMDIE, the Morocco-Spain Economic Council – CMAES, Entreprise Europe Network, the Casablanca Chamber of Commerce, Industry and Navigation and the Andalusian Council of Chambers of Commerce of Andalusia collaborate in its development. Caixabank, as financial sponsor.
The organization of this action by Extenda will be co-financed with funds from the European Union through the FEDER OP of Andalusia 2014-2020, with a community contribution of 80%.
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