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The Government of the Republic of Serbia

In the service of citizens

Restoring economic cooperation with Morocco

Belgrade, 5 June 2013

Minister without Portfolio Sujelman Ugljanin and Minister of General Affairs and Good Governance of Morocco Mohamed Najib Buolif opened today the first session of the Mixed Committee for Economic Cooperation between the two countries, after 30 years of weak economic contacts.

Speaking at the event at the Palace of Serbia, Ugljanin underlined that the Serbian economy has significant competitive advantages for equity investment of other countries, noting that a significant benefit are free trade agreements with many countries which give Serbia an access to a market of over 800 million people.

The Minister underlined that foreign investors, who have production in Serbia, are allowed to use all the advantages of trade liberalisation with those countries. Buolif stated that today’s meeting is important in view of the fact that economic cooperation is starting to be intensified after 30 years, with excellent relations between Serbia and Morocco being a good basis for that.

He told investors from Serbia that they are welcome to invest in Morocco and underlined that Morocco is the second biggest recipient of foreign investment in Africa, and also the second biggest investor there.

At the end of the two-day work of the Mixed committee, four agreements will be signed tomorrow: on the establishment of a mixed committee for trade, economic and scientific and technical cooperation, on mutual encouragement and protection of investment, on avoidance of double taxation and on cooperation in the field of veterinary medicine.