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Chile and Morocco seek to boost investment

Wednesday, October 10, 2018

Chile and Morocco seek to bring their markets closer together and this Wednesday they took a new step with the signing of a Memorandum of Understanding in Rabat, which aims to establish a joint trade and investment committee between the two countries.

This tool reflects the good state of the political relationship and is a powerful signal for the Chilean and Moroccan private actors, as it will promote a fluid dialogue between the main agents in the matter. In addition, it will define a roadmap in our country that, with an economy open to the world, seeks to consolidate a better position in the African continent. Morocco offers privileged access to Africa to be successful in this endeavor.

Chile has 24 trade agreements with 64 markets, representing 63% of the world population and 86% of GDP. This vocation of global openness is to be consolidated with Morocco, which is why a pre-feasibility study was presented this year to evaluate a possible trade agreement between the two countries.