Friday, June 14, 2024

“Belt and Road” … Morocco raises its economy by “Chinese Dragon”


The agreement, signed last Wednesday, told Sky News Arabia to enhance cooperation opportunities between the two countries in the fields of education, technology, agriculture, industry, energy and innovation and enhance cultural cooperation.

According to Moroccan economist Hamza Anav, Morocco and China have historic ties in trade, education, investment, health and more in the fifties of the last century.

The volume of trade between the two countries in 2016 was $ 4 billion, which was raised in 2021 to about $ 6 billion, according to Anna.

On the importance of Morocco in the Chinese “Belt and Road” initiative, Annav explains that his country plays an important role in Africa because it is the gateway to the continent closest to Europe. It will transform the Kingdom of Morocco into a hub for maritime logistics and industry, and bring Chinese investment to the heart of Africa. Strengthens the Moroccan economy and its infrastructure, road construction, trade, industry, agriculture, education and scientific research.

China’s initiative is linked by 140 countries, and it is based on the policy of dialogue, partnership and mutual learning between China and the world, which is a country of conflict and reconciliation.

Since its inception, Morocco has been the first country to join Africa. In 2017, it signed a memorandum of understanding that would allow it to establish partnerships in trusted sectors such as infrastructure, advanced industries and technology.

Main country

Beijing, aware of its geo-strategic position, has decided to give up Morocco, west, sunset The status of the “critical country” in the framework of the initiative, which has made Morocco the best destination for Chinese investment in Africa with more than 80 projects.

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Ahmed Tawala, a professor of communications and discourse analysis at the University of Morocco, says the agreement will not only attract Chinese investment, but also strengthen cultural cooperation and link Arabic and Chinese languages.

Tawala added that the agreement contributes to the cultural expertise, scientific expertise and language exchange, as there are 4 institutions in Moroccan universities that teach Confucian culture in China.

He pointed to the “great benefits” of the agreement in health, vaccine production, artificial intelligence, innovation, tourism, trade and agricultural exchange and opening. Maghreb Economic Markets In Africa, it increases the level of the Kingdom’s trade balance and boosts economic growth rates and GDP.

During the signing of the agreement, Moroccan Foreign Minister Nasser Purida recalled the beginning of the establishment of diplomatic relations between the two countries in 1958, until they became active in May 2016 after the visit of King Mohammed VI of Beijing to Beijing. .

Appreciating the bilateral cooperation during the Corona crisis, Bourita revealed that the volume of trade between the two countries has grown by 50 percent in the last five years.

The amount of Chinese direct investment in Morocco is about $ 380 million, mainly for infrastructure, communications and fisheries.

The “Belt and Road” initiative, announced by China in 2013, aims to transform the world, especially those involved in the initiative, into a major open market for free trade, and with respect to the exchange of benefits. Bringing people together through cultural exchange, its backbone infrastructure projects, especially the road and railways.

Rolf Colon
Rolf Colon
"Creator. Award-winning problem solver. Music evangelist. Incurable introvert."

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