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"2nd Morocco/US Business Development Conference" March 10-11, 2014 Rabat - Morocco

On March 10-11, 2014, The Kingdom of Morocco and the United States Business Community and government leaders convened at the 2nd Morocco-US Business Development Conference at the Ministry of Foreign Affairs and Cooperation in Rabat with the objective of strengthening trade, enhancing investment, and promoting partnerships between the two nations for the economic development of Africa.

This important event was co-organized by the Moroccan Ministry of Foreign Affairs and Cooperation and the US Department of State in cooperation with the General Confederation of Moroccan Enterprises (CGEM), the US Department of Commerce and the US Chamber of Commerce.

At the Conference Mr. Mohamed Boussaid, Minister of Economy and Finance made the opening statement stressing the commitment of Morocco to further strengthen economic ties between the two business communities noting that the United States are the 4th supplier and the 5th customer of Morocco.

The American counterpart, Mr. Todd Shwartz, Deputy and Special Representative for Commercial and Business Affairs at the US Department of State stressed the importance of US investment in Morocco and invited US companies to use Morocco as a platform for doing Business.

This conference was attended by Mrs. Chandra Brown, Deputy Assistant Secretary at the US Department of Commerce, Mr. David Hamod, President of the National US Arab Chamber of Commerce and Mr. Scott Eisner, Vice- President of the US Chamber of Commerce among 300 other participants .

The opening ceremony of the meeting was marked by the signing of a Memorandum of Understanding (MoU) between the 'CGEM' and the U.S Chamber of Commerce. This agreement, signed by Mrs. Mariam Bensalah Chaqroun and Mr. Scott Eiser, will not only strengthens trade between Moroccan and American companies, but also will channel direct U.S investment to the Moroccan market.

The two-day event offered American companies an in-depth look at trade and investment opportunities in Morocco and an appropriate venue discuss means to consolidate trade and investments in the frame of the free trade agreement binding the two allies. The Conference was also a great opportunity for networking with Moroccan companies and top business officials and decision makers in the sectors of transportation, logistics, customs, investment promotion, banking/insurance, and renewable energy technologies and other key industries.

The Conference stressed the role of Morocco as a trade and investment partner for the development of Africa, in accordance with Morocco/USA joint statement issued after the Royal Visit, in which the two Heads of State welcomed their shared assessment of human and economic development role in promoting stability and security in Africa and the commitment to further explore and deepen pragmatic and inclusive cooperation on economic and development issues of common interest.


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