{"id":9775,"date":"2019-08-29T14:04:17","date_gmt":"2019-08-29T06:04:17","guid":{"rendered":"https:\/\/www.synergymediaspecialists.com\/?p=9775"},"modified":"2025-11-17T01:51:21","modified_gmt":"2025-11-17T01:51:21","slug":"morocco-and-japan-working-together-to-drive-economic-growth","status":"publish","type":"post","link":"https:\/\/sms-bridges.com\/staging\/morocco-and-japan-working-together-to-drive-economic-growth\/","title":{"rendered":"Morocco and Japan \u2014 working together to drive economic growth"},"content":{"rendered":"\n
\"\"
Takuji Hanatani<\/strong>, Japanese Ambassador to Morocco  |  \u00a9 SMS<\/em><\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n

Private sector involvement in TICAD has increased and this year\u2019s conference is welcoming more than 4,500 attendees, including African and Japanese heads of state, governments and nongovernmental organization representatives and business leaders. Today, Morocco is playing an increasingly important role in Japan- Africa relations.<\/p>\n\n\n\n

\u201cMorocco is one of Japan\u2019s most important partners in Africa with diplomatic relations dating back to 1956, the year Morocco gained its independence,\u201d said Japanese Ambassador to Morocco Takuji Hanatani. \u201cThe foundation of the relationship was built on the close friendship between the Japanese imperial family and the Moroccan royal family. In recent years, several royal visits have further strengthened our friendship. The most recent was by Her Royal Highness Princess Lalla Hasna who visited Japan last year and was welcomed by Japan\u2019s current Emperor Naruhito.\u201d<\/p>\n\n\n\n

Business and trade between the two countries has flourished in recent years. Since 2014, the number of Japanese companies in Morocco has almost doubled to around 70; Japanese investment in Morocco\u2019s industrial sector continues to increase with approximately 40 percent of investment directed toward the country\u2019s automotive ecosystem.<\/p>\n\n\n\n

\"\"
Yoichiro Ishibashi<\/strong>, Managing Director of JETRO Morocco   |  \u00a9 JETRO<\/em><\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n

\u201cAccording to our recent surveys conducted with Japanese companies here in Morocco, there are two factors attracting Japanese companies to Morocco,\u201d said Yoichiro Ishibashi, managing director of the Japanese External Trade Organization (JETRO) Morocco.<\/p>\n\n\n\n

\u201cFirstly, \u2018market size and growth potential\u2019 is a key factor with 87.5 percent of Japanese companies considering Morocco and neighboring countries as key growth markets. Secondly, Morocco\u2019s \u2018political and social\u2019 stability makes the country one of the safest countries in North Africa.\u201d<\/p>\n\n\n\n

Tax incentives, free trade zones, a concentration of \u2018partner companies,\u2019 effective government programs, strong infrastructure and the country\u2019s favorable geographic location make Morocco a preferred investment destination.<\/p>\n\n\n\n

\"\"
Asahiko Karashima<\/strong>, Chief Representative of the JICA Morocco Office   |  \u00a9 JICA<\/em><\/figcaption><\/figure><\/div><\/a><\/div>\n\n\n\n

The country has also signed free trade agreements with many countries including the U.S. (in 2006) and the European Union (in 2000). The Japan International Cooperation Agency (JICA) Morocco Office is actively involved in strengthening Japan-Morocco bilateral relations through official development assistance loans, grants and technical assistance. Since 1974, JICA\u2019s Morocco Office has supported numerous projects across the country.<\/p>\n\n\n\n

\u201cWe have prioritized the areas in which we offer assistance to Morocco,\u201d explained Asahiko Karashima, chief representative of the JICA Morocco Office. \u201cWe are strengthening the competitiveness and sustainability of the economy by supporting numerous projects in agriculture, fisheries, industrial infrastructure and water resource security. We aim to reduce the social and regional disparities through education and regional development and promote \u2018South-South cooperation\u2019 by encouraging Morocco to assist with the development of Francophone African countries. Recently we have been proactively implementing projects that make use of the technology and expertise of Japanese private companies for the economic development of Morocco.\u201d<\/p>\n\n\n\n

www.jica.go.jp\/morocco\/english\/index.html<\/a><\/strong>
www.jetro.go.jp\/en\/jetro\/worldwide\/africa.html<\/a><\/strong>
www.ma.emb-japan.go.jp<\/a><\/strong><\/p>\n\n\n\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Private sector involvement in TICAD has increased and this year\u2019s conference is welcoming more than 4,500 attendees, including African and Japanese heads of state, governments and nongovernmental organization representatives and business leaders. Today, Morocco is playing an increasingly important role in Japan- Africa relations. \u201cMorocco is one of Japan\u2019s most important partners in Africa with […]<\/p>\n","protected":false},"author":2,"featured_media":15981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[277,292,259,1011,293,279],"tags":[518],"class_list":{"0":"post-9775","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-277","8":"category-articles","9":"category-bridging-japan","10":"category-editorial-morocco","11":"category-editorial","12":"category-morocco","13":"tag-editorial"},"yoast_head":"\nMorocco and Japan \u2014 working together to drive economic growth - Bridges Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sms-bridges.com\/staging\/morocco-and-japan-working-together-to-drive-economic-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morocco and Japan \u2014 working together to drive economic growth - Bridges Magazine\" \/>\n<meta property=\"og:description\" content=\"Private sector involvement in TICAD has increased and this year\u2019s conference is welcoming more than 4,500 attendees, including African and Japanese heads of state, governments and nongovernmental organization representatives and business leaders. 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