Home / Knowledge / News / Textiles / Govt optimistic about ongoing trade agreement with Mercusur
Govt optimistic about ongoing trade agreement with Mercusur
08
Apr '08
A meeting for negotiation of a Free Trade Agreement between Morocco and the Mercosur was initiated yesterday on April 7 in Rabat.

The two day meeting will close today and was attended by representatives of both the Governments. Discussions will revolve around whether there would be a free trade or a fixed tariff preference.

While in case of the former, agreement would involve around all kind of products, in case of the latter, discussions will be limited to a group of goods to be traded.

This is the first meeting between the two regions after the signing of a framework agreement in November 2004.

Agenda of the meeting includes reforms in Moroccan financial sector and macroeconomic situation and origins, operation and foreign tariffs of South American bloc on part of Mercosur.

The main objective is to familiarize both the regions about the existing conditions and norms and plan out the strategies for future.

While Morocco aims to sell textile products among others to Mercosur, Brazil in turn intends to export textile, machinery and equipments other related products.

In the first two months of this year, trade between Brazil and Morocco saw an unrestricted growth.

Brazilian exports to the Arab country rose from US $42 million in January and February of last year to $82.9 million in the same period this year. An average increase of 97.4 percent was registered.

On the other hand, Morocco exported $161.4 milion worth goods to Brazil against $26.7 million recorded in the same period of 2007. Products transacted mainly include phosphates and naphtha for petrochemical industry.


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Courtesy: PR Newswire

Apparel/Garments | On 16th Aug 2018

Shoppers go to stores for thrifting experiences: Survey

Despite growth in e-commerce, shoppers still head to retail stores...

Pak ministry invests in training textile sector workers

Textiles | On 16th Aug 2018

Pak ministry invests in training textile sector workers

Pakistan’s ministry of commerce and textile industry is offering...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search