Morocco/Comoros: Gov’t Council Takes Note of Agreement on Reciprocal Promotion and Protection of Investments

The Council of Government, convened Thursday under the chairmanship of Head of Government Aziz Akhannouch, took note of an agreement on the reciprocal promotion and protection of investments, signed on March 31, 2022, in Dakhla by the governments of the Kingdom of Morocco and the Union of Comoros, along with the bill No.32.22 approving the said agreement. Introduced by the Minister of Foreign Affairs, African Cooperation and Moroccans Abroad, Nasser Bourita, the agreement aims to strengthen the ties of friendship, develop economic cooperation and promote economic and investment relations between the two parties under the objectives of sustainable development in its economic, social and environmental dimensions, and without prejudice to the right of both parties to adopt general measures on the protection of public health, environment, safety and labor rights, in line with the standards set out in international agreements to which both countries are parties, said Minister Delegate for Relations with Parliament, Government Spokesman, Mustapha Baitas at a press briefing following the weekly Cabinet meeting. This agreement, he added, also aims to encourage and create favorable conditions to enable investors from both sides to carry out their projects, taking into account their respective laws and regulations.