Morocco, Japan sign cooperation agreements on sidelines of 5th joint committee

Three agreements were signed on the sidelines of the 5th Morocco-Japan Joint Committee held, on Wednesday in Rabat, under the co-chairmanship of Minister Delegate for Foreign Affairs Mohcine Jazouli and Japanese Minister of State for Foreign Affairs Keisuke Suziki.

Signed by the two officials, these agreements complement the legal framework governing economic relations between the two countries and strengthen Japanese investments in Morocco.

The first agreement is related to the promotion and protection of investment and aims to create favorable conditions conducive to investment in the territory of each country, in order to promote economic and bilateral relations.

The two ministers also signed an agreement to avoid double taxation with regard to income taxes and to prevent tax evasion and fraud.

This agreement applies to persons residing in the territory of both parties and covers income taxes in both countries.

The third document is an agreement in the form of an exchange of notes relating to a donation of equipment for the benefit of the general delegation of prison administration and reintegration (DGAPR), under Japan's economic and social development program.

The signing ceremony took place in the presence of Japanese Ambassador to Morocco Takuji Hanatani and Moroccan Ambassador to Japan Rachad Bouhlal, as well as representatives of the ministerial departments of the two countries.