Peru, Morocco to hold FTA talks next year

Agencia Andina | 27 June 2014

Peru, Morocco to hold FTA talks next year

Lima, Jun. 26. Governments of Peru and Morocco are expected to start negotiations on a free trade agreement (FTA) in the first quarter of next year, announced on Wednesday Morocco’s Minister of Foreign Affairs and Cooperation Salaheddine Mezouar.

The trade agreement signing will be held as part of a mutually-agreed agenda established by the two countries in a bid to strengthen bilateral ties.

“We agreed to start talks on a free trade agreement during the meeting held on Monday at the Peruvian Foreign Ministry headquarters. Both Peru and Morocco have signed agreements with different regions and countries, so we are prepared to reach a trade deal,” the Moroccan minister added.

In this regard, Mezouar stressed that the two sides have agreed to hold a joint commission on that issue and will examine the creation of a legal framework necessary to regulate this process. The meeting is scheduled for the first quarter of 2015.

"Morocco is seeking to enhance trade relations with Peru during this process of development, diversification and opening up of ties,” the foreign minister said in statements to El Peruano official daily.

During the interview, Mezouar highlighted Peru as a nation with great dynamism and democratic values, as well as a stable country attempting to emerge.

The Minister of Foreign Affairs and Cooperation, Salaheddine Mezouar made an official visit to Peru within the framework of a celebration marking 50 years of diplomatic relations between Peru and Morocco.

keywords:
source: Agencia Andina