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> Economy

Morocco presents opportunities for strengthening trade relations with Greece

The total trade volume between Greece and Morocco has exceeded 200,000,000 euros, according to data presented.

Newsroom September 26 09:52

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A one-day meeting was held in Thessaloniki by the Embassy of the Kingdom of Morocco in Greece, the Federation of Exporters of Northern Greece (SEVE) and the Moroccan Kingdom’s Consulate in Thessaloniki.

The total trade volume between Greece and Morocco has exceeded 200,000,000 euros, according to data presented.

Also, it was presented that Morocco had low inflation and a steady growth rate of 3-5% annually and its imports focused mostly on crude oil, telecommunications equipment, wheat, natural gas and electric power.

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The country’s exports include mainly cloth and related products, electrical parts, fertiliser, citrus fruits and vegetables.

Honorary Consul of Morocco in Thessaloniki Bantali Antar said that the two countries had not yet fully taken advantage of their possible economic cooperation adding that the basic obstacle that prevented the two countries to strengthen their trade relations were the lack of information and direct connection in transportation and the belief that the country was under French influence.

Among the domains of interest in Morocco are transport, infrastructure, energy and renewable sources of energy, agricultural production, management of water resources and solid waste, medical equipment and systems of protection and security.

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