Strengthening cooperation between Morocco and the United States : 24/01/2012

Strengthening cooperation between Morocco and the United States

Mr. Nizar Baraka, Minister of Economy and Finance, received Monday, January 23rd 2012, at the head office of the Ministry, Mr. Raymond Maxwell, Deputy under Secretary of State Assistant for Maghreb Affairs at the U.S. State Department`s Office    

During this meeting, the Minister of Economy and Finance put forward the new dynamics in Morocco after the adoption of the new constitution. He further mentioned that the implementation of the new constitution resulted in the organization of early elections and the appointment of a new majority government.

On the economic front, Mr. Nizar Baraka stressed that Morocco`s progress, despite an international unfavourable environment, and it`s better resilience to external shocks encourage Morocco to continue its efforts for economic and social progress to past the point of no return in terms of eradicating poverty and unemployment.

Within this framework , the Minister of Economy and Finance pointed out that the major focus of the statement by the Government is aimed at an inclusive growth, generating wealth and employment through namely, promoting the competitive advantages of the Moroccan economy , developing social projects as well as the opening up to the outside world and regional integration.

In this sense, he stated Morocco`s expectations in promoting U.S. investment and expressed the wish that U.S. investors contribute to the achievement of sector based projects implemented by Morocco.

Mr. Nizar Baraka, further, recalled the 2nd Conference of the US- Maghreb Partnership for economic opportunities, recently held in Marrakech. He also expressed his gratitude to the U.S. Government for choosing Morocco to host the conference which objectives will contribute to strengthening bilateral cooperation between Morocco and the US through namely an American financial and technical support to reform projects implemented in Morocco.

As for the U.S. official, he praised the efforts made by Morocco and expressed his country`s confidence in the success of Morocco`s ongoing reform projects, which constitute an important turning point in the democratic process.