1. Investment promotion outlook
2. How Economic Development funded; External Borrowing, Foreign Aid, Internal Savings and Foreign Direct Investment.
3. FDI must benefit local economy – the ‘Ribs’ Model; Responsible, Inclusive, balanced and sustainable
1. Agriculture – particularly the cultivation of cereals, olives, and citrus fruits, plays a significant role in the rural economy
2. Tourism – is also crucial, with Morocco’s historic cities, Mediterranean and Atlantic beaches, and mountain ranges attracting millions of visitors annually.
3. Manufacturing sector – especially textiles, automotive, and aerospace, is expanding rapidly, driven by foreign investment and government initiatives.
4. Others Economic Drivers – including aerospace, pharmaceuticals, offshoring, renewable energy, green hydrogen and desalination are significant contributors to GDP.
DAY 2 (THIRD TECHNICAL SESSION)
Presentation: Harnessing Investment Opportunities in AFCTA. The export opportunities that present lesser taxes, levies and tariffs enshrine in the AFCTA can be harnessed by Nigerian investors. Some key points of the presentation include;
1. 1st January 2021 marked the ‘start of trading’.
2. The Ministerial Directive on the Application of Provisional Schedules of Tariff Concessions (PSTC) for 90% of products (Category A).
3. 1st January 2021 marked the ‘start of trading
The 3rd year of tariff reduction starts on 1 January 2023.
4. AFCTA Protocol include, trade in good, trade in services, rules and procedures in the settlement of dispute, intellectual property right, investment, competition policy, digital trade and women & youth.