Spread the loveRabat – Morocco’s Bank of Africa signed on Saturday a Memorandum of Understanding (MoU) with Zhejiang China Commodity City Group (CCC Group) to boost their trading partnership. The purpose of the agreement is to enable the two institutions to work together to build a trading and logistics park in Morocco. CCC Group manages an international trading park in Yiwu covering an area of 6.4 square kilometers, with 75,000 small and medium enterprises (SMEs). The UN and the World Bank consider the trading park the largest in the world. Morocco-China tiesThe new MoU with Bank of Africa reflects the determination of China and Morocco to boost cooperation in all fields.

Source: The North Africa Journal November 09, 2020 13:30 UTC