India and Morocco jointly launch trade body to boost commercial engagements and bilateral ties

Q.  India and which country have launched the trade body to boost bilateral engagements in June 2016?
- Published on 03 Jun 16

a. Maldives
b. Mauritius
c. Morocco
d. None of the above

ANSWER: Morocco
 
India and Morocco have jointly launched a trade body to boost bilateral commercial engagements. The India-Morocco Chamber of Commerce and Industry (IMCCI) was launched by visiting Vice President Hamid Ansari and Moroccan Prime Minister Abdelilah Benkirane. The bilateral trade between the two countries stood at USD 1.26 billion in 2015 with Indian exports forming roughly 25 per cent of the trade volume.
  • Indian companies have cumulatively invested more that USD 320 million in Morocco, including in the flagship project, the Indo-Maroc Phosphore SA joint venture. Morocco was also the first nation to sign a treaty with the United States in 1786.

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