Opening of the US-Morocco Trade and Investment Forum in Miami



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Opening of the US-Morocco Trade and Investment Forum in Miami

Thursday, April 4, 2019 at 22:22

Miami – The 5th US-Morocco Business Forum was opened Thursday in Miami, Florida with the participation of government representatives, business leaders, experts and diplomats.

The agenda of this important conclave is to discuss the development of trade between the United States, the Kingdom and the rest of the African continent and explore the possibilities of further strengthening this promising economic partnership.

The event is initiated by the Moroccan Embassy in Washington in partnership with the US-Africa Business Center of the US Chamber of Commerce and Miami Dade College, the largest public university in the United States.

Under the theme "Trade and Investment Forum between the United States and Morocco: Transatlantic Links", this meeting is part of a series of similar forums organized in recent years in key markets in the United States to further promote trade relations between the world's largest economy and a growing African continent.

Interventions were made at the opening by Ambassador HM, King, to the United States, Lalla Joumala Alaoui, President of Miami Dade College, Eduardo Padron and Miami Dade County Commissioner Jose Diaz, the opportunity to put the meeting as a party of the strong strategic partnership between Morocco and the United States and to emphasize the importance of further boosting economic and trade relations by taking advantage of the direct sea routes that connect the US East Coast. to the Moroccan ports.

Recognizing his remarkable contributions to the consolidation of Moroccan-American relations at all levels and the prospects open to the ties between the Kingdom and Florida, Mr. Jose Diaz handed the key of the city of Miami to the Kingdom ambassador in Washington.

The Secretary of State for Investment, Othman Ferdaous, then gave a detailed presentation on the enormous economic opportunities offered by the Kingdom, as well as its competitive advantages as a center of trade and investment with the economy. continent.

After four successful forums in Dallas, Atlanta, Seattle and Washington, this year's edition is being held in Miami to highlight Florida and Morocco as points of transatlantic connectivity that connect Africa and the Americas, organizers say.

The organizers of this conference want to highlight the importance of the economic and business opportunities offered by the transatlantic links between Morocco, the crossroads between Africa and Europe and the head of many international investments in the continent. continent, and Florida, megalopolis located on the Atlantic Ocean coast, which positions itself as the gateway to both Americas.

Direct sea routes connecting the United States' east coast to the Moroccan ports allowed the Kingdom to serve as a transhipment and shopping center on three continents.

In addition, the US-Morocco Free Trade Agreement – the only Washington agreement with an African country – eliminated 95 percent of export tariffs and increased bilateral trade by 300 percent.

In addition, more than $ 147.7 billion in merchandise passed through Florida's airports and ports in 2017, making this state in the southeastern United States a world leader in international trade.

According to the speakers, the prospects for this strategic partnership should be further strengthened by the launch on Wednesday (Wednesday) of Royal Air Maroc airline of its new direct airline between Casablanca and Miami, at a rate of three frequencies per week. .

The launch of this line reflects Morocco's ambition to link Africa to America. The new service is the third direct destination served after New York and Washington DC.

The Miami International Airport serves as a hub to connect other airports in the southern United States as well as in Central America.

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