- Morocco has received a US$1.5 million grant from the Chinese government to fund the bilateral cooperation projects.
The national news agency, MAP has reported, Finance Minister, Salaheddine Mezouar, saying the grant agreement which is geared towards technology development will also explore opportunities offered by the two countries in the areas of inductrial development.
Morocco has expressed interest and willingness to set up an industrial zone for Chinese businesses, also offering itself as a gateway to Africa with a number of the north African country's businesses being operated in the continent.
To reduce Morocco's trade deficit with China, the Chinese Vice Minister of Commerce, Fu Ziying, called on Moroccan businesses to market their products in the Chinese market, stating that the two governments also agreed on the means to cushion the effects of the current global economic crisis.
Mr Ziying voiced China's readiness to provide Morocco with its experience in the field of solar energies to reduce the effects of global warming.
According to MAP, the two countries have agreed to slash trade deficit to give a new drive to trade and economic exchanges, especially through encouraging businesses from both countries to invest in each other.
The Chinese minister is currently on a visit to Morocco which ends on 21 March.
China and Morocco established diplomatic relations in November 1958. Over the past 51 years the political relations between China and Morocco have been developing steadily and smoothly.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
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