Agreement Opens US Market to Morocco’s Raspberries

Agreement Opens US Market to Morocco’s Raspberries
TT

Agreement Opens US Market to Morocco’s Raspberries

Agreement Opens US Market to Morocco’s Raspberries

Morocco and the United States have reached an agreement that opens for the first time the US market to Morocco’s raspberries.

The agreement was signed between Morocco’s National Office of Food Safety (ONSSA) and the US Animal and Plant Health Inspection Service (APHIS).

It followed a series of negotiations between Morocco’s Ministry of Agriculture, Fisheries, Rural Development, Water and Forests and its US counterpart in this regard.

Cultivation of raspberries has witnessed a great expansion in Morocco in recent years, especially in the West Plain in northern Rabat, known for its fertile lands and the abundance of irrigation water.

Many farmers there have abandoned the cultivation of sugar cane and replaced it with raspberries that provide farmers with greater income.

The new agricultural activity also attracted important foreign investment, especially from Spain.

Morocco currently exports more than 140,000 tons of red fruits per year to more than 40 countries, including European Union member states.

ONSSA said there are 68 authorized establishments active in the red fruit sector in Morocco.

US authorities require that the fruit be packed in unit packets authorized by the ONSSA. They also require that all exports must be accompanied by a phytosanitary certificate issued by the Office, attesting that the fruit has actually been produced and packed in accordance with the US requirements.

According to the signed agreement, ONSSA shall oversee the compliance with US standards, monitor, inspect, and grant licenses and certificates for conformity with these standards.



Spain Gives Green Light for Saudi STC to Raise Stake in Telefonica to 9.97%

STC said it aimed to build up an interest of 9.9% in the Spanish telecoms company worth around 2.4 billion euros ($2.53 billion) and become a major shareholder - File Photo
STC said it aimed to build up an interest of 9.9% in the Spanish telecoms company worth around 2.4 billion euros ($2.53 billion) and become a major shareholder - File Photo
TT

Spain Gives Green Light for Saudi STC to Raise Stake in Telefonica to 9.97%

STC said it aimed to build up an interest of 9.9% in the Spanish telecoms company worth around 2.4 billion euros ($2.53 billion) and become a major shareholder - File Photo
STC said it aimed to build up an interest of 9.9% in the Spanish telecoms company worth around 2.4 billion euros ($2.53 billion) and become a major shareholder - File Photo

The Spanish government has given the green light to Saudi Arabia's largest telecoms operator, STC Group, to raise its stake in Telefonica beyond 5% and reach 9.97%, Economy Minister Carlos Cuerpo said on Thursday.

Cuerpo confirmed an earlier report by El Pais newspaper during a news conference following the cabinet's weekly meeting in which the stake increase was approved, Reuters reported.

"Measures and conditions have been set and accepted voluntarily by the Saudi company to ensure that (the operation) takes place," Cuerpo told reporters.

He said the government's decision followed an "exhaustive analysis based not only on compliance with current legislation but also to guarantee the national interest in defense and ensure the strategic element in telecommunications".

Last year, STC said it aimed to build up an interest of 9.9% in the Spanish telecoms company worth around 2.4 billion euros ($2.53 billion) and become a major shareholder.

The Saudi group said at the time it owned a 4.9% stake in Telefonica and financial instruments giving it another 5% in what it called economic exposure to the company.

The Spanish government had to authorize the deal as Telefonica is considered a defence service provider and therefore a strategic company.

The Saudi company has said it does not intend to gain control of or a majority stake in Telefonica.