New Delhi, Apr 29(ANI): Union Commerce and Industry Minister Anand Sharma met with Moroccan Trade Finance Minister Abdellatif Mazouz here today and discussed bilateral relations and economic cooperation.
Sharma and Mazouz were co-chairing the fourth session of India-Morocco Joint Commission Meeting.
The Minister expressed satisfaction over the deepening trade and investment engagement between the two countries.
"There were possibilities of expanding this tie-up further. There are immense possibilities for trade in agricultural commodities and food processing," Sharma said.
He stressed out the need to shift the focus of Indo-Moroccan Trade from inorganic chemicals and fertilizers to other sectors.
"The SMEs of the two countries need to collaborate with each other. He also stressed upon the importance of a more liberal visa policy in case the trade ties were to be expanded further," he added.
The Moroccan side informed that there are good possibilities of investment and partnerships in several fields and sectors in Morocco to gain direct and preferential access to European, African, Arabic and American markets provided by FTAs signed by Morocco at bilateral and regional levels. Both sides agreed to encourage such investments.
The Moroccan side also proposed exploring the possibilities of tripartite cooperation involving Morocco, India and Sub-Saharan African countries. (ANI)
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