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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Canada and Morocco Are Exploring Ways to Strengthen Trade Relationship

Thursday, April 23, 2009 > 10:54:13
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(Source: Agriculture & Agri-Food Canada via I.E. Canada)

The Governments of Canada and the Kingdom of Morocco have had discussions in order to identify areas of partnership to strengthen the long-standing trade relationship between the two countries. Agriculture Minister Gerry Ritz met with Agriculture Minister Aziz Akhenouch and Trade Minister Abdellatif Mazouz in Rabat, Morocco, to discuss opportunities for the negotiation of a mutually beneficial free trade agreement.

"The Kingdom of Morocco is engaged in a progressive liberalization process," said Minister Ritz. "A mutually beneficial free trade agreement offers tremendous opportunities for the Moroccan and Canadian people. Our meetings with Minister Akhenouch and Minister Mazouz are the kind of conversations that are needed to get the ball rolling toward a comprehensive and reciprocal trade relationship."

The trade relationship between Canada and Morocco was worth $450 million in 2008. Agricultural products accounted for the vast majority of that trade for a total of $330 million.

"The strong and long-standing relationship between Canada and Morocco gives us a firm foundation to build on as we share technology, coordinate regulations in specific areas, and stimulate trade and investment," said Minister Ritz. "Whether families are shopping in Calgary or Casablanca, a closer trade relationship will make sure high-quality products from both Morocco and Canada are always available all year round."

Canada and Morocco continue to enjoy a long-standing and constructive relationship. More than 100,000 Moroccan-Canadians make up the largest North African community in Canada. Canada and Morocco share strong cultural bonds as full members of La Francophonie. Hundreds of young Moroccans study in Canadian universities every year.

 
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