South Korea Includes Morocco as Key African Target in New Trade Policy Roadmap
The South Korean government recently unveiled a new trade policy roadmap, with Morocco identified as a key African target due to its significant resources and growth potential. The policy aims to expand trade agreements to 77 countries, supporting South Korean businesses in emerging markets. Morocco, along with Tanzania, is set to establish economic partnership agreements with South Korea, strengthening cooperation with Africa.
Seoul also highlighted the signing of five new trade agreements last year, with additional agreements set to take effect soon. The new roadmap emphasizes boosting cooperation with countries in the Global South, particularly in Central Asia and Africa. South Korea aims to play a more prominent role in discussions on global trade reform and economic integration in the Asia-Pacific region.
South Korean officials have expressed keen interest in signing free trade agreements with Morocco, leveraging the kingdom’s strategic position and trade relationships in Africa for mutual benefit. The move aligns with South Korea’s goal of diversifying exports and establishing a stronger presence in international markets.
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