Dominican Republic
Dominican Trade Mission explores business opportunities in Morocco
7 / November / 2017

November 7, 2017

CASABLANCA, Morocco.-

A trade mission composed by members of the public sector as well as entrepreneurs from the free zones, has traveled to Morocco with the purpose of attracting new investments for those industrial parks and explore business initiatives that could allow the Dominican Republic to penetrate into the African market.

The mission was headed by the Minister of Industry, Commerce and Mipymes, architect Nelson Toca Simó, and included Customs General Director Enrique Ramírez; the Executive Director of the National Council of Free Trade Zones, Luisa Fernández; the Vice Minister of the MICM for Special Regimes, Marcelo Puello; the Executive Director of Proindustria, Alma Fernández; Antonio Isa, business advisor of the Dominican Embassy in Rabat, Morocco, as well as representatives from customs and the free zones.

From the private sector, José Manuel Torres, Executive Vicepresident of the Dominican Free Zones Association (ADOZONA); Eduardo Bogaert, President of the San Pedro Free Zone Association; Rafael Espinal, Executive Director of Hato Nuevo Free Zone Park; Abel Rojas from Caribbean Industrial Park, and Roberto Tejeda, President of Caribbean Liquid Sugar.

The mission started on November 6th began on Monday in Marrakech, continued on Tuesday and Wednesday in Casablanca, a modern city of just over 3 million inhabitants, facing the Atlantic that accounts for 60% of Moroccan businesses and commercial banks, reports a note from the Communications Department of the Ministry of Industry, Commerce and Mipymes (MICM).

On Tuesday there was a meeting with Nadia Laraki, director of the National Ports Agency, with whom information was exchanged about the way of operation of the ports in Morocco, a country that has 35 maritime terminals that make the transshipment of three million annual containers, although only one million goes to the local market.

According to Minister Toca Simó, this volume of operations is an important attraction for future commercial operations between the Dominican Republic and Morocco.

Subsequently, the delegation visited Mid Parc Casablanca, and were received by its President, , Omar El Yazghi. Mid Parc is one of the 14 free zone parks that operate throughout Morocco, home to 500 industrial companies that generate 70,000 direct jobs under an incentive model.

It was emphasized that there is zero taxation for each company that is installed in these parks for a period of 20 years and the public sector grants special subsidies to those that promote personnel training and productive linkages with the local market. By 2018, they expect to reach 90,000 direct jobs.

On Wednesday, the delegation attended a breakfast with the Minister of Industry, Trade and New Technologies, Moulay Hafid Elamy, Founder and Owner of the Saham Group. It was attended by members of the General Confederation of Moroccan Entrepreneurs, including M. Mourad Mekouar , Vicepresident of the International Commission.

Later on the delegation traveled to Rabat, the administrative capital of Morocco, where some meetings were held with private entrepreneurs.

Source: https://elnuevodiario.com.do/...

Translation by CNZFE

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