Marrakech Establishes New Framework for Economic Cooperation
In a significant development for parliamentary relations in Africa and the Mediterranean region, the President of the Association of Senates, Shoura, and Equivalent Councils of Africa and the Arab World (ASSECAA), Mohamed Ould Errachid, and Giulio Centemero, the President of the Mediterranean Parliamentary Assembly (APM), convened in Marrakech to formalize a Memorandum of Understanding (MoU). This agreement, signed on a recent Friday, aims to bolster economic cooperation and parliamentary dialogue between the two esteemed organizations.
This MoU lays the groundwork for a robust institutional framework that facilitates ongoing collaboration and dialogue between African nations, the Euro-Mediterranean region, and Gulf states. It emphasizes the importance of integrating Atlantic dimensions and actively supporting the Sahel countries in their development agendas, connectivity, and regional economic integration initiatives. Furthermore, it aims to enhance African-Euro-Mediterranean-Gulf parliamentary dialogue on shared interests, encouraging discussions around regional economic integration and South-South cooperation.
Focus on Sustainable Development and Investment
The agreement also highlights the critical need for parliamentary advocacy around key issues such as investment, innovation, artificial intelligence, and digital transformation, all crucial for adapting to the modern economic landscape. The document underscores the commitment to creating sustainable job opportunities, particularly for youth and women, while fostering dialogue on energy, food, and water security. Additionally, it aims to sponsor initiatives that combat climate change and promote sustainable development, thereby fostering a more resilient and interconnected economic environment.
Both parties are dedicated to implementing a series of joint initiatives, which include organizing parliamentary meetings, forums, and seminars, exchanging delegations and expertise, and establishing regular consultation channels. They also aim to cultivate partnerships with regional and international financial and development institutions, thereby enhancing the collaborative efforts to address pressing economic challenges.
As reported by maroc24.com.
