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.


Interviews View All

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

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

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search