Algiers, June 16 (VNA) – Vietnam and Morocco signed an agreement on investment encouragement and protection in the Moroccan capital city of Rabat on June 15.
Speaking after the signing ceremony, Vietnamese Deputy Foreign Minister Bui Thanh Son affirmed the Vietnamese Government’s determination to strengthen cooperation with Morocco and join this country’s development efforts through boosting investment in the Moroccan market. Moroccan Minister of Economy and Finance Nizar Baraka stressed that the agreement will help increase the flow of trade and investment between the two countries. He said through this agreement, the Moroccan Government wants to lure more foreign investment from Vietnam, which enjoys stable economic growths. The agreement will also open up opportunities for the two countries’ businesses to penetrate deeper in each other’s market, thus promoting bilateral trade, he added. On the same day, Deputy Minister Son met with Moroccan Minister of Foreign Affairs and Cooperation Saad Dine El Otmani to discuss measures to strengthen cooperation between the two countries, especially in economics./.
Vietnam News Agency
