The “success story” of Tanger Med, which is now the first port infrastructure in the Mediterranean and in Africa, was highlighted this Friday during the autumn meetings of the World Bank and of the International Monetary Fund in Washington.
Speaking during a panel focused on the “contribution of trade to the post-Covid recovery”, the Director General of the Tanger-Med Port Authority (TMPA), Mehdi Tazi Riffi, immediately underlined that this logistics hub world, located on the Strait of Gibraltar, is the culmination of an insightful vision of King Mohammed VI, to position Morocco in the concert of free trade platforms on an international scale.
The royal vision is based on two major pillars, namely to ensure the link between international trade exchanges at the level of the Strait of Gibraltar given the significant trade flow, in addition to developing a competitiveness platform for established multinational companies and companies. in the area, he explained.
This is to erect Morocco as an “essential base” for world exports, said Mr. Tazi Riffi, noting that Tanger Med, now connected to more than 180 world ports, is the “hub” for nearly a thousand export-oriented companies.
This regional competitiveness cluster also has more than 80,000 jobs mainly focused on industrial and logistics activities operated by international benchmark players in sectors such as aeronautics, automotive, textiles, logistics and electronics, a- he noted, adding that the French automaker Renault has been able to export, so far, nearly two million cars from its largest assembly site in Africa.
Quoting the United Nations Conference on Trade and Development (UNCTAD), Mr. Tazi Riffi further indicated that in terms of maritime connectivity, Morocco is now a “very important” stakeholder in world trade.
In addition, the speaker referred to the prospects for logistics, noting that there is a “strong” trade opportunity offered by the African free trade area agreement, especially with regard to its logistics aspect.
For their part, other speakers shed light on how trade has contributed to the post-COVID recovery, looking at measures that could make trade a more powerful engine of economic growth and prosperity in the world. the whole world.
They also discussed the vital role played by trade in maintaining the supply of food and other essential goods in the context of the pandemic, as well as measures that public officials could take to facilitate trade, namely in particular the lifting of non-tariff barriers, the improvement of transport logistics and the development of financing for trade.
Interventions also focused on longer-term actions that developing countries need to better benefit from the economic benefits of trade, such as investments in logistics infrastructure, for example.
The meeting was attended by the President of the World Bank Group, David Malpass and the Director-General of the World Trade Organization, Ngozi Iweala, among others.