{"id":82725,"date":"2024-11-28T00:00:00","date_gmt":"2024-11-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/28\/morocco-japan-ink-mou-to-strengthen-trade-ties-and-investments\/"},"modified":"2024-11-28T00:00:00","modified_gmt":"2024-11-28T00:00:00","slug":"morocco-japan-ink-mou-to-strengthen-trade-ties-and-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/11\/28\/morocco-japan-ink-mou-to-strengthen-trade-ties-and-investments\/","title":{"rendered":"Morocco + Japan ink MoU to strengthen trade ties and investments"},"content":{"rendered":"

M<\/strong>orocco + Japan partner up for potential investments:<\/strong> Morocco\u2019s Investment, Convergence and Evaluation of Public Policies Ministry (MICEPP) signed an MoU with Japan\u2019s Economy, Trade and Industry Ministry to strengthen cooperation in investments, Morocco World News<\/a> reports. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The agreement aims to acquire Japanese investments into Morocco\u2019s automotive<\/strong>, renewable energy, aerospace, agribusiness and advanced manufacturing sectors. Morocco plans to attract Asian businesses and investments through their \u201c Morocco Now<\/a> \u201d campaign, according to the newswire. <\/p>\n

Japan\u2019s<\/strong> exports <\/strong>are doing well: <\/strong>Exports from Japan to the kingdom reached a value of USD 269.5 mn in 2023, with vehicle exports coming in first place totalling USD 120.2 mn, according to Trading Economics<\/a> data. Electrical equipment racked up USD 53.6 mn in exports, followed by machinery at USD 24.7 mn all during the same time period.<\/p>\n

And Moroccan exports come in higher:<\/strong> Japan\u2019s Moroccan imports stood at USD 298.86 mn in 2023<\/a>, with a 19.6% y-o-y growth in August 2024<\/a> to USD 17.5 mn. The top imports during the period included fish fillets, molluscs, frozen fruit and nuts, clothing, and cobalt, according to recent OEC<\/a> data. <\/p>\n","protected":false},"excerpt":{"rendered":"

The agreement aims to acquire investments in automotive, renewable energy and advanced manufacturing sectors<\/p>\n","protected":false},"author":1,"featured_media":82726,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[53],"tags":[52,150,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-82725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-diplomacy","tag-diplomacy","tag-morocco","tag-trade","wpautop","entry"],"acf":{"mongo_id":"174c9787-3fe2-4fd2-803f-53a5a9f002b1","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/2674.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Morocco + Japan ink MoU to strengthen trade ties and investments","related_issue":[82709],"teaser":"The agreement aims to acquire investments in automotive, renewable energy and advanced manufacturing sectors","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.460b0610-519c-48f8-86db-a0c5c7406b9c.mp3"},"yoast_head":"\nMorocco + Japan ink MoU to strengthen trade ties and investments - 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