The SelectUSA Investment Summit, to be held June 26-29 in Washington, D.C., was the focus of a recent webinar hosted by the Moroccan Association of Exporters (ASMEX) in partnership with the U.S. Consulate General of ‘America.
A press release from the Association indicates that this meeting, which was mainly aimed at members and companies with the ambition to export to the United States or to invest there, was attended by Lawrence Randolph, Consul General of the United States States in Morocco and several other representatives of the American consulate.
The SelectUSA Summit is one of the major annual events dedicated to promoting foreign direct investment (FDI) in the United States. It has a significant mobilization capacity and each year sees the participation of investors from all over the world who come to inquire about the vast investment possibilities that the United States offers and makes it possible to create opportunities for direct contact between investors. and US Economic Development Organizations (EDOs).
“The United States and Morocco have historical ties (…). This privileged relationship makes Morocco a strategic partner for the United States, at the economic, political and security level. We also had the pleasure of celebrating last year the 15th anniversary of our free trade agreement signed in 2006. Our country remains open to foreign investment, including Moroccan companies wishing to open up to the largest commercial market on the planet,” Randolph said, quoted in the statement.
The Consul General of the United States in Morocco took the opportunity to recall that the diversity of the country across the Atlantic is its strength and makes its market even more attractive and promising.
The SelectUSA investment summit is indeed an opportunity for all companies interested in this market to closely discover the business climate prevailing in the country and to take into consideration some barriers that may possibly hinder their investment projects such as the high cost of transport or labor, underlines the press release.
These difficulties can be overcome in particular thanks to the opening on equally promising neighboring markets, such as Mexico and Canada, adds the same source.
The 2021 edition of the Summit had seen the participation of the President of the United States, who had insisted in his opening remarks on the importance of the SelectUSA summit for the economic prosperity of the world’s leading power.
Held virtually, 3,400 attendees from more than 80 international markets took part in the event.