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  Foreign trade
Morocco, ICT sign cooperation agreement
  02/12/2009
 
 
 
  Morocco's Foreign Trade Minister Abdellatif Maazouz (Ph.: Archives).
   
 
Morocco signed on Tuesday in Geneva a cooperation agreement with the international Trade Center (ITC) for the implementation in Morocco of a program that aims at enhancing Arab capacity for trade (ENACT).

Financed by the Canadian intergovernmental Agency for International Development, ENACT is a regional program of technical assistance for reinforcing the trade policy-making function, trade promotion and enterprise competitiveness in five Arab countries.

Implemented by the ICT, it aims at promoting additional trade, both from the region outward and between the countries concerned: Algeria, Egypt, Jordan, Morocco and Tunisia.

ENACT, whose overall budget stands at 8,439,000 dollars, 1.6 dollars of which are earmarked for Morocco, will support the country's sectoral development programs and the companies involved in the export sector.

Harmonizing the measures for the integration of these countries in the trade system and enabling them to exchange experiences in the development of foreign trade are also among the objectives of the program.

“Through developing regional trade with complementary strategic partnerships, these countries can have a better position in international markets,” said Patricia Francis, the director of the ITC, who singed the agreement with Morocco's Foreign Trade Minister Abdellatif Maazouz.

The ITC, a joint agency of the World Trade Organization and the United Nations, was created to help developing and transition countries achieve sustainable human development through exports.

It provides five complementary business services: business and trade policy, export strategy, strengthening trade support institutions, trade intelligence and exporter competitiveness.


 
  By CMC
 
   
 
   
 
 
     
     
 
 
     
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