Finland wants to double its trade with Morocco

Finland is determined to double its trade with Morocco, a privileged partner, in the years to come, said Friday in Rabat, the country’s Ambassador to Morocco, Pekka Hyvönen.

Morocco, with which Finland maintains “very good relations” enjoys “enormous” and “promising” economic potential in several areas, underlined Pekka Hyvönen who was speaking to the press to present the new aspects of the strategy. Finland Africa.

“Finland has just developed a new Africa strategy. Morocco remains a promising country in this new strategy and with which we wish to develop our trade relations, ”he said.

Finland exports 142 million euros per year to Morocco and imports nearly 22 million euros from Morocco, the diplomat said, noting that there are, in this regard, great opportunities to develop trade relations between the two countries.

“We want to increase the share of Finland’s imports from Morocco and we want to find areas of cooperation that will have a positive impact on Morocco,” he said.

For his part, Jari Kaihari, Director of Business Finland – Casablanca, an organization dedicated to the promotion of exports and foreign investments, said that around forty Finnish companies are currently operating in Morocco in fields as diverse as they are promising: Green economy, telecommunications, transport, education, ports …

Business Finland – Casablanca is acting proactively to connect Moroccan demand with Finnish supply and innovation, said Mr. Kaihari.

At the same time, he continued, the organization is interested in promoting the investment of Finnish companies in Morocco and providing solutions, in particular through the encouragement of local production.

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This event saw the participation of representatives of Finnish companies operating in Morocco in several areas who shared their development strategies in the Kingdom.

Finland’s new Africa strategy advocates the development of trade and investment in the continent, as well as the promotion of green economic growth and job creation.

Among the objectives of this strategy is to double trade between Finland and African countries between 2020 and 2030.

It also aims to significantly increase the investments of Finnish companies in Africa and the investments of African companies in Finland during this period.

In Finland’s new Africa strategy, it is explained that the African continent represents a large economic market experiencing rapid growth. The Covid-19 pandemic has slowed the continent’s favorable development, and recovering from the impacts of the pandemic will take time. However, the pandemic does not change the overall picture: “the possibilities of increasing trade relations between Finland and many African countries are considerable”, and the relations can be strengthened in a way which is beneficial for the actors as well. Finnish than African.

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