For Morocco, independence of judiciary is key to attracting foreign investors

Moroccan King Mohammed VI stressed the need to unify efforts and pool energies to create a healthy and safe environment for business and investment in Morocco.
Saturday 26/10/2019
Eager for investments. People walk  along a street in the old medina of Marrakech.(AFP)
Eager for investments. People walk along a street in the old medina of Marrakech.(AFP)

MARRAKECH - At an international conference on justice, Morocco demonstrated the importance it places on the principles of justice and independence of the judiciary as basic guarantors for international investments and investors in development projects.

Morocco said it is ready for fair competition among economic actors, amid European praise for Rabat’s achievements in the judicial domain and the importance of those achievements in setting the right context for investment.

In a message to the Second International Conference on Justice, which took place October 21-22 in Marrakech under the theme of “Justice and Investment: Challenges and Stakes,” Moroccan King Mohammed VI said justice is an important key for improving the investment climate, encouraging free initiative and protecting entrepreneurship. He called on the judiciary to play its essential role in absorbing the prevailing global economic challenges and the national economic climate.

King Mohammed VI stressed the need to unify efforts and pool the energies to create a healthy and safe environment for business and investment in Morocco through the adoption of a comprehensive and integrated approach to conducting the revisions to legal texts concerning business and finance.

EU officials attending the conference said measures by Morocco ensured the independence of the judiciary and effective judicial procedures, which reassure investors and encourage them to establish businesses in Morocco and help grow the economy and create job opportunities.

Mohamed Abdel-Nabaoui, Morocco’s chief public prosecutor, said the role of the judiciary in protecting investment does not end with the application of the law fairly and equitably but requires that the jurisprudence of judges be compatible with principles governing judicial security.

Moroccan Minister of Justice Mohamed Benabdelkader said Morocco had always paid special attention to investment as a strategic option, highlighting the importance of this choice by updating relevant legislation, supporting the role of the judiciary and strengthening international cooperation in business, in addition to sharing successful experiences in this field to come up with concrete recommendations for improvements.

The international conference, organised under royal auspices, saw the participation of more than 40 ministers of justice and senior officials of the supreme judicial councils, as well as prominent actors in specialised international economic and financial institutions.

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