Egyptian-Moroccan Trade Summit Sees Six Accords Signed

Published May 23rd, 2000 - 02:00 GMT

Egyptian President Hosni Mubarak and Morocco's King Mohammed VI held trade talks here Tuesday on the sidelines of a meeting of their joint higher committee during which six agreements were signed, reported AFP. 

Egyptian Foreign Minister Amr Mussa told reporters the two leaders had discussed "ways of dealing with some basic shortcomings regarnding the balance of trade." 

The two countries are trying to boost their annual trade turnover to more than 100 million dollars, up from the current 36 million.  

One of six cooperation agreements signed Tuesday committed the two countries to expand the list of tariff-free goods exchanged within the framework of a bilateral free trade zone established in 1998, Egypt's Minister for the Economy and Foreign Trade Yusef Butros-Ghali told reporters. 

Other accords were signed in the fields of housing, the environment, quality specifications and the sea ports of Alexandria in Egypt and Casablanca in Morocco. 

The two leaders also discussed Arab cooperation and solidarity in political and economic spheres, Mussa said. 

Mubarak and King Mohammed, who arrived in Egypt Monday, were co-chairing the Egyptian-Moroccan joint higher committee devoted to upping their trade and promoting the free trade zone. 

The Moroccan monarch visited Egypt in April to attend a summit of European and African leaders. 

Back in Morocco, King Mohammed had dismissed Mohamed Mediouri as chief of royal security, the official MAP news agency said on Monday.  

Mediouri was appointed by the late King Hassan and had been director of royal security and the king's personal bodyguard since the early 1970s - (Several Sources)  

 

 

 

© 2000 Al Bawaba (www.albawaba.com)

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