Morocco, with trade worth approximately 750 million euros, represents a key trading partner for Piedmontese companies.To explore further potential development channels for both imports and exports to the North African country, the Moroccan Trade and Industry Organization in Italy, together with Confindustria Piemonte, organized a morning of workshops in Turin.
“The numbers of trade between Piedmont and Morocco tell of a link that is still limited compared to the potential, but evolving, and which finds full coherence with the national strategy of the Mattei Plan for Africa, which identifies Morocco as a privileged partner for a new-generation economic cooperation, based on investment, skill transfer, and shared supply chains, and not just traditional trade relations. Italian direct investments in the country, amounting to over €1,2 billion in stock in 2023, confirm that our companies have already embarked on this path with conviction," he stated. Giorgia Garola, President of Ceipiemonte and Vice President for Internationalization of the Turin Industrial Union, opened the proceedings.
Amalbert, president of Confindustria Piemonte: “We want to stimulate new business opportunities”
Confindustria Piemonte, together with its eight regional associations, represents 6.000 businesses, 285.000 employees, and 27 product sectors. These businesses measure their competitiveness on international markets every day; they produce, hire, and innovate. To grow, they must look beyond their national borders. Morocco aims to build partnerships and develop projects in the energy, agriculture, and education sectors, and with this day, we want to stimulate new mutual business opportunities. Because internationalization is a team effort, and that's why we work as a system, together with all the key stakeholders: the Piedmont Region, CEIP, the Chamber of Commerce system, SACE, SIMEST, ICE, and universities. Only in this way can we create the conditions for relationships to translate into new investments and concrete, lasting initiatives,” he stated. Andrea Amalberto, president of Confindustria Piemonte.
“Morocco is growing today at a very rapid pace that is not comparable to that of Europe,” he also underlined. Marouan El Mansoub, President of the Morocco-Italy Organization, outlining the Kingdom's massive investment program that is modernizing ports, railways, highways, healthcare facilities, and renewable energy. The Moroccan government has launched a diverse system of incentives and calls for proposals that the Organization helps to intercept, including non-repayable grants that in some regions can cover up to 40% of the total investment.
