Morocco's dynamic success has not gone unnoticed by the Global Policy Institute, an American think tank based in Washington, which has affirmed that the Kingdom can play an important role as a bridge between the United States and African economies.
In its article 'Business in Africa goes through Morocco', signed by Paolo von Schirach, the think tank's president, it highlights the choice of Morocco to host the US-Africa Business Summit that took place from 19 to 22 this month in Marrakech. Morocco's designation as host was not fortuitous, as the Kingdom has managed to develop and strengthen its political and commercial relations with several countries in the rest of the continent, particularly with sub-Saharan Africa.
Referring to this US-Africa Business Summit organised by the Moroccan government, the think tank's president reported "real optimism" about the real opportunities for US investment in Africa, along with the partnerships that American companies are beginning to initiate with corporations on the African continent.
In fact, Paolo von Schirach emphasises Morocco's strong presence in Africa, especially thanks to its banks and investment funds, financial institutions which, according to the author of the article, are closely involved with their counterparts in the rest of the continent, generating synergies that trigger win-win investments.
For the Global Policy Institute, Morocco is already a "serious partner", capable of attracting US investment and playing an "essential role as a gateway and meeting point between the Americas and the economies of the African continent".
The free trade agreements that have been established between Morocco and the United States play an important role in this economic relationship. Within this dynamic, the Millennium Challenge Corporation (MCC), a US federal agency that has just signed an agreement with the Moroccan government for the financing of new industrial parks, with the aim of providing space for promising new companies, stands out.
This situation is the result of the great work Morocco has been doing for years, thanks to which the World Economic Forum has ranked the Kingdom's economy as the most competitive in North Africa.
As a result of Morocco's major socio-economic development efforts, the country now boasts state-of-the-art industrial parks, polytechnic universities and a young, multilingual and highly qualified workforce.
America Coordinator: José Antonio Sierra