INDIA, MOROCCO AGREE TO ENHANCE BILATERAL COOPERATION IN FIELD OF DEFENCE AND SECURITY
India and Morocco have agreed to enhance bilateral cooperation in the field of defence and security.
Decision in this regard was taken at meeting between Moroccan Defence Minister Abdeltif Loudyi and Defence Mnister Nirmala Sitaraman in South Block in New Delhi.
This was first ever visit of Moroccan Defence Minister to India.
Both countries agreed to enhance bilateral cooperation in field of defence and security.
They identified fields of hydrography, peacekeeping, telemedicine, information technology and communications as well as counter Terrorism and counter insurgency as potential areas for bilateral engagement.
They also discussed cooperation in defence industry including collaboration in ship building and manufacturing.
Two MoUs signed
Both countries also singed two bilateral MoUs,
(i) ‘Cooperation in the area of Cyber Security’ between Computer Emergency Response Team (CERT–IN) and Moroccan Computer Response Team (ma-CERT) and
(ii) ‘Cooperation in Peaceful Uses of Outer Space’ between Indian ISRO and Moroccan Centre of Remote Sensing.
INDIA – MOROCCO TRADE RELATIONS:
India is one of the major markets for Moroccan phosphate and its derivatives.
An India-Morocco joint venture in fertilizer sector in Morocco, called IMACID, was set up in November 1999. At present, the JV is producing around 430,000 MT per annum of phosphoric acid, nearly all of which is imported by India.
Other main items of export to India are metallic ores and metal scrap, semi-finished products and inorganic chemicals.
The main items of India’s exports to Morocco are cotton yarn, synthetic fiber, transport equipment, pharmaceuticals, agricultural implements, chemicals, spices and manufactured metals.
The balance of trade has been in favour of Morocco because of imports of phosphoric acid and rock phosphate by India.
The quantum of bilateral trade, which was US$ 1.63 billion in 2010, reached to US$ 2.04 billion in 2011. However, in 2014, it decreased and stood at $ 1.36 billion.
Indian exports to Morocco in 2014 decreased by 21.6% compared to the previous year while Moroccan exports to India registered an increase of 10.2% in 2014.