Morocco and South Korea have agreed to enhance further their cooperation ties in the fields of higher education, renewable energy, automobile and investment. The two countries agreed to set up R&D platforms on “green & smart building” and “smart microgrids”. Seoul also pledged to set up an automotive training institute in Casablanca to share its experience with Morocco in this highly competitive sector. South Korea and Morocco have signed respectively 52 and 55 Free Trade Agreements (FTAs). Despite their huge potentials, trade exchanges between the two countries remain below expectations, not exceeding $660 million in 2017.

Source: The North Africa Journal December 24, 2018 16:52 UTC