Angola, Morocco sign new legal instrument

Angola and Morocco signed Thursday (13) a new legal instrument in Rabat as part of strengthening bilateral relations between the two countries.

This is a Cooperation Agreement on Technical Assistance Matters between the Capital Market Commission (CMC) and the Moroccan Capital Market Authority (AMMC).

The new legal instrument aims at promoting mutual cooperation in the development of the Capital Market of the two nations.

The CEO of CMC, Edna Mascarenhas, signed the document for Angola while the AMMC´s CEO, Nezha Hayat, signed for Morocco.

The Agreement allows the parties to share information and experiences on Capital Markets Regulation, Financial Education and Supervision, facilitating regular consultations and dialogues.

It will also bring significant benefits to the parties in terms of promoting regulatory efficiency, transparency, integrity of the Securities Markets and other related investment products.

Relations between Morocco and Angola date back to the 1960s.

As for bilateral cooperation, the two countries signed the General Agreement on Economic, Scientific, Technical and Cultural Cooperation in October 1988, which paved the way for the first Session of the Bilateral Joint Commission held in Rabat in October 1989.

The second Meeting of the Bilateral Joint Commission between the two countries took place in November 2013 in Luanda.

The two countries cooperate in areas such as education, agriculture, trade, among others.

Source: Angola Press News Agency (APNA)