South Korea Looks to Boost Trade with Morocco
South Korea is seeking to strengthen its economic ties with Morocco through broader industrial and trade partnerships, considering the kingdom a strategic gateway to enter African markets. During the visit of the Korean Minister of Trade, the two sides discussed enhancing exchanges and investments, agreeing to establish a consultative mechanism to initiate negotiations for a comprehensive agreement that goes beyond traditional free trade to promote cooperation in investment and value chains. The minister also expressed his country's interest in supporting Korean projects in Morocco, such as an electric vehicle factory and investments in lithium refining, to bolster its presence in the African market.
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