In order to boost trade exchanges between the two countries and explore possibilities of partnership in various sectors such as textile, infrastructure, energy, information technology, construction, agriculture, chemicals and fertilizers, mining, and automotive, an Indian business delegation is expected to visit Morocco next week. This visit comes one month after Morocco and India set up a joint trade and industry chamber to give new impetus to cooperation between the two countries.
The chamber was launched during the visit of Indian vice president Mohammad Hamid Ansari in the presence of the Head of the Moroccan Government Abdelillah Benkirane and businessmen from the two countries. Recalling the longstanding and strong ties between the two countries, Benkirane said Morocco was committed to developing relations with India in all fields. Ansari stressed on the importance of newly created trade chamber set to enhance cooperation and partnership between Moroccan and Indian businessmen. He also hailed trade growth between Morocco and India during the last few years and stressed the huge potential of the economies of the two countries that banked on common history.
Exports from the North African country to India includes metallic ores and metal scrap, semi-finished products and inorganic chemicals, while its imports from India include cotton yarn, synthetic fiber, transport equipment, pharmaceuticals, agricultural implements, chemicals, spices and manufactured metals. Morocco is one of the world’s top producers and exporters of fertilizers thanks to its phosphates and India is one of the major markets for Moroccan phosphate and its derivatives.
