Serbia-Montenegrin Minister of International Economic Relations Predrag Ivanovic stated at the joint press conference, held with Moroccan Minister of Foreign Trade Mustapha Mechahouri, that there is significant space for the broadening of economic cooperation of the two countries.
Ivanovic said that there are certain similarities in the economic development scenarios between Morocco and Serbia-Montenegro, recalling that the two countries already have good political relations.
He stated that the agreement envisaged the protection of investments and the avoidance of double taxation in the economic relations of the two countries, on which additional agreements will be signed during the visit of President of the state union of Serbia-Montenegro Svetozar Marovic to Morocco.
Minister Mechahouri stated that the agreement is the result of the contact of the two countries so far, and represents the beginning of further economic cooperation. He added that this document should encourage companies in Serbia-Montenegro to take part in the Moroccan market.
Mechahouri also said that their mutual task is to encourage businessmen from both countries to strengthen cooperation, and reiterated that the two countries have good political relations.