Morocco, Russia Promote Cooperation with Signing of 11 Agreements

Morocco’s Prime Minister Saadeddine al-Othmani (R) meets his Russian counterpart Dmitri Medvedev in Rabat on October 11, 2017 (AFP Photo/FADEL SENNA)
Morocco’s Prime Minister Saadeddine al-Othmani (R) meets his Russian counterpart Dmitri Medvedev in Rabat on October 11, 2017 (AFP Photo/FADEL SENNA)
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Morocco, Russia Promote Cooperation with Signing of 11 Agreements

Morocco’s Prime Minister Saadeddine al-Othmani (R) meets his Russian counterpart Dmitri Medvedev in Rabat on October 11, 2017 (AFP Photo/FADEL SENNA)
Morocco’s Prime Minister Saadeddine al-Othmani (R) meets his Russian counterpart Dmitri Medvedev in Rabat on October 11, 2017 (AFP Photo/FADEL SENNA)

Morocco and Russia boosted bilateral cooperation on Wednesday with the signing of 11 agreements in energy, agriculture, culture, education, investment and trade sectors, following talks between Prime Minister Saadeddine al-Othmani and Russian Prime Minister Dmitry Medvedev.

Medvedev is on an official visit to Morocco, along with a number of members of the Russian government, businessmen and senior officials.

“The visit of the Russian prime minister to Morocco falls within a clear will for cooperation, which was initiated by King Mohammed VI’s historic visit to Moscow in March 2016,” Othmani said during the signing ceremony of the partnership agreements.

Othmani explained that trade exchange with Russia has developed since the signing of the trade and economic agreement, which helped increase the volume of trade from around $200 million in 2001 to $2.5 billion in 2015.

In 2013, a new phase was launched between the two countries after the signing of a cooperation agreement in the fishing sector, the Moroccan prime minister noted.

“Economic cooperation between the two countries remains satisfactory, and trade is on an upward path, but there is still work to be done to achieve a more balanced trade relationship between the two countries,” he stated.

Othmani also expressed his country’s readiness to “establish an expanded tripartite partnership between our countries on the one hand, and Africa on the other, engaging the public and private sectors in order to carry out important projects, in favor of the three parties.”

For his part, Medvedev expressed his country’s determination to develop a partnership with Morocco, particularly in the fields of energy, agriculture and tourism, as well as to enhance military and security cooperation.

The Russian official underlined the importance of continuing to supply the Moroccan market with its needs of grains in exchange for the import of fruits and Moroccan vegetables.

Medvedev pointed to the importance of expanding cooperation in the fields of energy technology and tourism, noting that the number of Russian citizens visiting Morocco was on the rise.

Meetings between Russian and Moroccan officials on Wednesday witnessed the signing of 11 bilateral agreements in various fields of cooperation.



Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
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Saudi Arabia, Djibouti Sign Agreement to Promote, Safeguard Investments

The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA
The event is being held under the patronage of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud - SPA

Saudi Arabia and Djibouti have signed an agreement to encourage and protect mutual investments, marking a significant step in enhancing economic cooperation between the two nations.
The agreement was signed by Saudi Minister of Investment Khalid Al-Falih and Djiboutian Secretary in Charge of Investment and Development of the Private Sector Safia Mohamed Ali Gadileh during the 28th World Investment Conference in Riyadh, SPA reported.

The event is being held under the patronage of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister.
Both officials praised the agreement, emphasizing its importance in fostering collaboration between the private and government sectors of both countries. They highlighted the agreement’s role in supporting the ambitious investment initiatives currently being pursued by the Kingdom and Djibouti.
The agreement is designed to create a secure and attractive investment environment by offering key advantages such as investment protection, national treatment, fair and equitable treatment, transparency, and access to national courts or international arbitration for dispute resolution.
By ensuring these safeguards, the agreement aims to increase the volume of mutual investments across various sectors and strengthen economic ties between the two nations.