Morocco has diversified economy and a clear trade policy
French State Secretary for European Affairs Pierre Lellouche said that Morocco is a hub of stability and development in a problem-laden region. The Moroccan housing sector is benefiting from the fact it managed to escape the worst of the global economic crisis as high demand from investors and second home buyers boosts its profile.
Lellouche told radio channel “chaine inter” on the occasion of the upcoming Throne Day that the Moroccan government’s mobilization and modernity is appreciated by the French government and Morocco succeeded in combining its religious tradition, historical culture and the requisites for modernity and development. He said that the French-Moroccan friendship ties grow stronger which is expected to boost more number of investors from France.
On advanced status in The EU, He said that this privileged partnership helps Morocco promote its legal and industrial standards without any compulsion from Europe.
Individuals looking to buy properties in the country will be pleased by WTO deputy director-general Alejandro Jara comments that Morocco has been able to resist the world economic slump, thanks to its macro-economic policy. In an interview with the Moroccan daily ‘Aujourdhui le Maroc’, he said that Morocco has “a very open economy” and “a clear trade policy”.
In related news, IMF Managing Director Dominique Strauss-Kahn had also hailed Morocco’s diversified economy and said that the country could have a stronger growth rate.
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