MIL-OSI Translation: Federal Councilor Guy Parmelin receives the Minister of Trade and Industry of Morocco

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MIL OSI Translation. Government of the Republic of France statements from French to English –

Source: Switzerland – Department of Foreign Affairs in French

Federal Department of Economic Affairs, Education and Research

Bern, 01.03.2024 – Federal Councilor Guy Parmelin, head of the Federal Department of the Economy, Training and Research (DEFR), will welcome the Moroccan Minister of Trade and Industry Ryad Mezzour on March 4, traveling to Switzerland for a working visit. This meeting is part of the continuity of the economic and scientific mission led by Federal Councilor Guy Parmelin to Morocco in October 2023, thus testifying to the positive dynamics of bilateral economic relations maintained by the two countries.

During this visit, Federal Councilor Guy Parmelin and Minister Ryad Mezzour will jointly visit a pharmaceutical company established in Bern, before sharing a working lunch. This lunch will be an opportunity to take stock of the results of the recent mission to Morocco, to assess the current state of bilateral economic relations and to identify new opportunities to improve them, particularly with regard to framework conditions and the promotion of exchanges between the economic actors of the two countries.

Following this meeting, Federal Councilor Guy Parmelin and Minister Ryad Mezzour will attend the signing of a memorandum of understanding between SwissTextiles and the Moroccan Association of Textile and Clothing Industries (AMITH), which aims to strengthen cooperation between the textile and clothing sectors of Switzerland and Morocco.

Minister Ryad Mezzour will continue his visit to Switzerland until March 6. There he will meet various Swiss economic players, in particular companies and umbrella associations.

Good bilateral economic relations

Bilateral economic relations between Switzerland and Morocco are good, benefiting from an ideal architecture of bilateral agreements, including in particular a free trade agreement (via the European Free Trade Association), an investment protection agreement and a double taxation convention. Bilateral trade, balanced and diversified, reached CHF 734 million in 2023. More than 50 Swiss companies are established in Morocco, thus contributing to the creation of a significant number of jobs and training opportunities.

Morocco occupies a privileged position at the gateway to Europe, has good framework conditions and strong international economic connectivity, offering promising opportunities for the diversification of the Swiss economy. Its role as a gateway to Africa also represents a major asset for the Swiss private sector, opening up new perspectives.

Address for sending questions

Communication DEFR058 462 20 07info@gs-wbf.admin.ch

Author

Federal Department of Economic Affairs, Education and Researchhttp://www.wbf.admin.ch

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

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