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Morocco and China have agreed to boost their economic cooperation and slash trade deficit, local MAP news agency reported.
In a meeting between Moroccan Exterior Commerce Minister Abdellatif Maazouz and visiting Chinese Vice Minister of Commerce Fu Ziying on Wednesday afternoon, the two sides have agreed to give a new impetus to trade and economic exchanges.
To reduce Morocco's trade deficit with China, the Chinese vice minister called on Moroccan businesses to market their products in the Chinese market.
Fu said that the two governments also agreed on the means to cushion the effects of the current global economic crisis.
For his part, Maazouz hailed the 38 percent trade growth between the countries since 2002, but he also called for stable trade exchanges between the two sides.
The minister also voiced the hope that Morocco could take advantage of the dynamity of China's economic growth, and called on the Chinese businesses to invest in the north African country.
Investment of Chinese businesses "would allow for a greater competitiveness of Morocco in the field of textiles," he said.
"The production in Morocco of raw materials used in textiles will contribute to slashing the production costs at import, and to a better profitability and further competitiveness among Moroccan businesses," he added.
The Chinese vice minister, who is leading a delegation of businessmen operating in IT, textiles and renewable energies, is scheduled to meet with several Moroccan officials and businessmen.
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