Morocco’s FM Holds Talks with Korean Counterpart in Seoul

Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, Nasser Bourita, held talks, on Sunday in Seoul, with his counterpart from the Republic of Korea, Cho Tae Yul.

The meeting is part of the positive bilateral dynamic underway in recent years and which has been built on more than 60 years of diplomatic relations.

During the meeting, the two ministers agreed to optimize existing bilateral consultation mechanisms, by holding the 8th session of the Joint Commission and the 6th session of the Political Consultations.

They also agreed to intensify visits on both sides, with the aim of breathing new life into the cooperative relations between the Kingdom of Morocco and the Republic of Korea.

The meeting also provided an opportunity for the two ministers to discuss ways and means of boosting investment and economic and trade exchanges, taking into account the assets represented by the Kingdom as a gateway to Africa, and through the potential of the free trade agreements concluded by Morocco.

The two ministers also reviewed the legal framework governing cooperation between the two countries, and decided to strengthen it in the light of the new dynamic desired by both sides.

To this end, they signed three agreements. The first is a social security agreement, the aim of which is to initiate close cooperation between Morocco and Korea by approximating their legislation in this field, with a view to resolving the specific difficulties encountered by their respective nationals and enabling them to benefit from comprehensive protection, based in particular on equal treatment, reciprocity and the maintenance of rights acquired or in the process of being acquired, as well as the transfer of rights.

The second is a framework agreement for cooperation in the field of climate change. It aims to strengthen both countries’ capacity to reduce/eliminate greenhouse gas emissions, address the impacts of climate change and facilitate the transition of both parties to low-carbon economies.

The third agreement concerns loans from the Korea Fund for Economic Development Cooperation. Its aim is to promote cooperation between Morocco and Korea, through granting loans in order to implement projects defined by mutual agreement between the two parties.