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An «enormous» economic potential : Finland wants to double his trade with Morocco

Pekka Hyvönen, Finnish Ambassador in Morocco, illustrating picture. / All rights reserved
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The ambassador of Finland in Morocco, Pekka Hyvönen, declared this Friday in Rabat that his country was determined to double its trade with Morocco, a partner of choice.

While he announced the new aspects of the African strategy for Finland, the ambassador pointed out the «very good relations» that Finland and Morocco have, but also the «enormous» and «promising» economic potential of the Kingdom. «We want to increase Finland's imports from Morocco, and we want to find cooperation domains that will have a positive impact on Morocco», he added.

Finland is currently exporting to the Moroccan market the equivalent of 142 million euros (1.519 million dirhams), and import from the country 22 million euros (235 million dirhams).

The new African strategy of Finland highlights trade development and investments in the continent, aiming at doubling this trade between 2020 and 2030, but also to promote a green economic growth that will generate employment.

If the Covid-19 pandemia slowed the continent's development, and that it will take time for it to gain back from its negative impact, the new Finnish African strategy explains, however, that the African continent presents a rapid economic growth. «The possibility to increase trade partnerships between Finland and many African countries are considerable», we can read in the African strategy, which then puts forward the possibility - and need - to tighten those relations.

Jari Kaihari, Business Finland - Casablanca's director, that operates in promotion of exports and foreign investments, underlined that about forty Finnish companies already operate in Morocco, in green economy, telecommunication, transport, education, ports, etc.

Business Finland, that acts in putting in relations Moroccan demand and Finnish offer, is also interested in promoting Finnish society's investment in Morocco and promote local production.

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