Morocco and Germany Sign Twinning Agreement to Bolster Small and Medium Sized...

Morocco and Germany Sign Twinning Agreement to Bolster Small and Medium Sized Enterprises

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Rabat, Morocco- With an aim to bolster small and medium sized enterprises (SMEs) in the North African kingdom, the Moroccan authorities and their German counterparts signed this week in Rabat a twining agreement to prop up services offered to such companies, including an agreement by which a “number of German institutions and federal departments will offer expertise to Moroccan enterprises,” Morocco’s state agency La Map reported.

The agreement aims as well at bringing¬†Germany’s best practices to Morocco’s SMEs, especially that “a¬†team of 13 experts with renowned expertise in SME research and innovation will supervise the implementation of the agreement,” La Map reported.

The twinning agreement “was signed by director general of the national agency for the promotion of SMEs Larbi Benrazzouk and EU Ambassador to Morocco, Rupert Joy,” La Map said.

Morocco’s state agency added that the agreement is worth 250,000 euros, and that it is part of the “Making a success of the Advanced Status” program, an initiative funded by the EU and run by the Economy and Finance ministry.

The Moroccan Times.