Secret Political and Economic Agreement between Spain and Morocco

Morocco World News has just published an article that details a currently developing secret agreement between the Spanish and Moroccan governments.

According to the article, during the Moroccan minister of foreign affairs Saâdedine El Othmani’s last visit to Madrid (purported to be sometime around February 1st, 2012), the two countries agreed to cultivate the deal. This agreement reportedly revolves around the concept of mutual assistance: due to their proximity and intertwined history, both countries would aid each other within their respective regions of influence. Morocco would aid Spain with its economic and political affairs in Africa, as countries such as France and the United Kingdom have almost always surpassed the country’s presence in the continent. Furthermore, Morocco is in a prime position in the African continent, according to the article, “…Where it could build amicable and economic relations with many countries.”

In return, Spain will use its deep-rooted relations with Latin America to give Morocco an economic entrance to the region.  Historically, according to MWN, Morocco has had trouble entering the region, thus it could benefit greatly from Spainish intervention.

Considering the historical tensions between the countries, this new agreement sounds like a step in the positive direction for relations between the countries.  On one hand, the deal also sounds like more of a one-sided situation, as Spain’s proximity to Africa definitely makes its relations with the continent more essential the than Morocco’s with the Latin American world. Yet, Morocco’s entrance into the Latin American world could also signify great economic success for the country, as the South American region is a large consumer in the phosphate market. According to Businessweek Magazine, Morocco is the world’s third largest producer of phosphates, and although phosphates are being produced in Latin America, there is a much larger reserve in Africa than in South America (the agriculture industry there is much larger than its phosphates industry); furthermore, King Muhammad VI owns more than half of the world’s phosphate reserves. (Article here: http://www.businessweek.com/magazine/content/10_46/b4203080895976.htm)  The results of this agreement cannot be predicted until it has actually been reached, but it is clear that if such an agreement is reached, it could be mean a MAJOR increase in economic stability and job availability for Moroccans.

For further reading:  http://moroccoworldnews.com/2012/02/details-of-the-secret-agreement-between-spain-and-morocco/29172

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s