Chambers of Commerce of Togo and Dakhla, Morocco, enter a new partnership

Public Management

Monday, 27 November 2023 15:32

Chambers of Commerce of Togo and Dakhla, Morocco, enter a new partnership

(Togo First) - The African Chamber of Commerce and Services (CACS) of the Dakhla region (Morocco) and the Chamber of Commerce and Industry of Togo (CCI -Togo) signed a partnership agreement on November 24, 2023. The agreement was signed by Nathalie Bitho, the president of the special delegation of the consular chamber of Togo, and Abdelmonaim Faouzi, the president of the CACS, on the sidelines of the "2nd AFRICA Executive Meeting" in Lomé, Togo.

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The deal should strengthen diplomatic and economic ties between Togo and Morocco, in the Dakhla region especially. According to Nathalie Bitho, the agreement paves the way for “a better-nurtured business dynamic that is based on a win-win partnership”.

Under the new partnership, economic operators from both countries will explore opportunities and invest in sectors like health, renewable energies, agriculture, tourism, and education.

Togo and Morocco are old-time partners. Last year, in July, the two countries reached a mutual agreement to suppress visas for ordinary passport holders. Morocco is Togo's fifth-largest trading partner in Africa. According to the CCI-Togo, in 2019, Togo imported slightly over CFA13 billion worth of goods from the Maghreb country, mainly fertilizers, electronic and electrical equipment, and agri-foodstuffs. In the same year, exports to the Cherifian Kingdom were valued at around CFA4 billion.

Esaïe Edoh

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