Rabat hosts the 12th session of the Economic Dialogue

The twelfth session of the Economic Dialogue between Morocco and the European Union was held on Tuesday in Rabat, at the headquarters of the Ministry of Economy and Finance. This session was co-chaired by the Director of the Treasury and External Finance, Faouzia Zaaboul, and the Deputy Head of Unit at the Directorate-General for Economic and Financial Affairs of the European Commission, Andreas Papadopoulos, notes a statement from the Ministry received by MAP. In the introduction to the work of this Dialogue, Ms. Zaaboul welcomed the continuous deepening of bilateral cooperation between Morocco and the European Union and the regularity of the Economic Dialogue meetings, which allow for exchanges on macroeconomic, budgetary, and monetary policy issues as well as on the statistical field, with the aim of strengthening and deepening economic cooperation between the two parties. She also noted that this twelfth session was of particular importance as it came in the aftermath of the signing of the Memorandum of Understanding between Morocco and the European Union relating to the Single Support Framework 2014-2017, which allocates a financial envelope to Morocco that could reach 890 million euros.

In the same context, the official stressed that the strengthening of the dialogue between the two parties on economic issues aimed, among other things, to achieve the objective set by the Advanced Status of eventually establishing a common economic area between the EU and Morocco, and endorsed by the adoption in December 2013 of the Action Plan for the implementation of the Advanced Status, notes the same source. Ms. Zaaboul did not fail to recall the commitments concerning the financial dimension of the Advanced Status with a view to taking a new step in accessing adequate community financial means to accompany Morocco in a logic of regional policy and EU cohesion and the adoption of new implementation procedures. In this regard, she stressed that these commitments will make it possible to accompany Morocco in accelerating its economic development model, which has shown its resilience to external shocks linked to the global economic and financial crisis. The Director of the Treasury and External Finance also expressed the wish to strengthen this exchange, which is held once a year, through technical cooperation and capacity-building actions in the areas in question, the statement specifies.

Provider / Source : Le Matin