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Walaw

Economy

AmCham Gala Celebrates 20 Years of Morocco-U.S. Partnership

Saturday 12 October 2024 - 12:25

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The annual AmCham Gala 2024 held in Casablanca highlighted the strategic partnership between Morocco and the United States. This year’s event celebrated the 20th anniversary of the Free Trade Agreement (FTA) between the two nations, showcasing their mutual commitment to enhancing economic relations.

Minister of Industry and Trade Ryad Mezzour addressed attendees, emphasizing the importance of balancing trade exchanges. He urged American businesses to tap into Morocco's vast potential, encouraging them to strengthen their presence in both African and European markets. “This partnership presents numerous opportunities for growth,” Mezzour stated, pointing to the rich resources and favorable conditions available in Morocco.

U.S. Ambassador Puneet Talwar praised Morocco's stability and modern infrastructure during his speech. He specifically highlighted the significance of the Tanger Med port, which has solidified Morocco’s role as a regional economic hub. Talwar remarked, “The strong ties between our nations are reflected in our economic collaborations and shared values, setting the stage for continued success.”

The gala not only commemorated two decades of partnership but also served as a platform for networking among business leaders and government officials from both countries. With a focus on innovation and investment, the event underscored the potential for future collaboration in various sectors.

As Morocco and the United States look toward the future, both nations reaffirm their dedication to fostering a robust economic relationship that benefits their respective markets. The 20th anniversary of the FTA marks a significant milestone, with expectations for growth and cooperation continuing to rise.