Morocco and Iran signed, here Monday, various cooperation agreements in the fields of economy, trade, transport and tourism.
Signed during the closing ceremony of the 5th session of the Moroccan-Iranian joint commission, these agreements include a non-double taxation agreement, another one on maritime navigation, and a cooperation program in the field of tourism for 2008-2010, in addition to a MoU on industrial cooperation.
In this respect, Iranian Trade minister, Masoud MirKazmi, commended the signing of the agreements, paying tribute to the Moroccan and Iranian experts who "have made commendable efforts to finalize these agreements."
For his part, visiting Morocco's Foreign Trade minister, Abdellatif Mazouz, voiced hope the results of this joint commission "will give new impetus to boost bilateral economic and commercial ties.”
In a bid to boost economic relations, the Moroccan and Iranian delegations decided to organize, by next April, trade and economic fair in Rabat and Teheran and set up a bilateral business council to define common opportunities and establish a climate of trust between the two countries' investors.
Trade exchange between Morocco and Iran reached USD 1Bn in 2006. Iranian imports to Morocco were estimated at USD 953Mn, while Moroccan exports reached some USD 52Mn only.
Co-chaired by Moroccan Foreign Trade Minister and his Iranian counterpart, the 5th session of the Moroccan-Iranian joint commission brought together representatives of various ministries and businessmen from the two countries, who discussed on February 23-25 the state of bilateral cooperation and the means to consolidate them.
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