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  • The Moroccan Economy in Brief of 14/01/2017: Following Volkswagen, Fiat Chrysler engulfed in a new "Dieselgate"

The Moroccan Economy in Brief of 14/01/2017: Following Volkswagen, Fiat Chrysler engulfed in a new "Dieselgate"

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1. The Islamic Center for the Development of Trade holds its 15th meeting in Rabat: "The Islamic Center for the Development of Trade (ICDT) will organize on January 19th in Rabat the fifteenth meeting of the economic advisers to the embassies of the member states of the Organization of the Islamic Cooperation (OIC) accredited in Morocco. The meeting will discuss particularly the latest developments in trade between the OIC Member States, the ICDT work program for 2017 and the presentation of the OIC Single Window Project. The meeting will be interested in the trade information network for Islamic countries and cooperation between ICDT and the embassies of the OIC Member States accredited in Rabat.

2. Moroccan experts are examining the text of the Universal Declaration of Ethics: "The UNESCO has invited 24 environmental experts from around the world to write a first draft of a preliminary text of a Universal Declaration of Ethical principles in Relation to climate change. This UN initiative took place from 20th to 24th September 2016 in Rabat "thanks to the invitation of the Government of the Kingdom of Morocco", reports UNESCO on its electronic portal. In order to make their contribution, experts from the ministerial departments, representatives of civil society and national institutions met last Thursday in Rabat.

3. Chile is interested in the experience of Morocco in the field of solar energy: "Chilean Energy Minister Andrés Rebolledo said that his country is interested in the Moroccan experience in the field of solar energy and the projects launched by the Kingdom in this sector. "For Chile, it is very important to learn about the experience of Morocco in the field of renewable energies, and particularly solar energy," Rebolledo told the MAP after a " A meeting on Tuesday with a Moroccan parliamentary delegation headed by the President of the House of Councilors, Abdelhakim Benchamach.

4. The new Ambassador of Morocco presents his letters of credence to the Philippine President:"The President of the Republic of the Philippines, Rodrigo Duterte, received on Tuesday the new Ambassador of the Kingdom of Morocco, Mohammed Réda El Fassi, who presented his credentials to him as a extraordinary and plenipotentiary ambassador of the Kingdom of Morocco in the Republic of the Philippines ".

5. The EU investments amount to 35 billion Euros by the end of 2015:  "The European Union remains a major investor in the Maghreb, but it can do better. According to the latest figures published by Eurostat, stocks of foreign direct investment (FDI) held by the European Union in the Maghreb countries - including Morocco, Algeria and Tunisia - amounted to 35 billion Euros At the end of 2015. The Maghreb represents a share of 0.5% in the total stock of FDI held by the EU in the world which reached 6.894 billion euros.

6. Following Volkswagen, Fiat Chrysler stuck in a new "Dieselgate": "The américano-italien group Fiat Chrysler has rejected accusations of non-compliance with US laws on air pollution by concealing the existence of software that equips 104,000 of its vehicles in the United States. According to US authorities, Fiat Chrysler installed the controversial software on Jeep Cherokee and Dodge Ram 500 models, manufactured between 2014 and 2016, but would not have informed the authorities as required by law. "Once again, a large automaker made the commercial decision to bypass the rules and was caught," said Mary Nichols, the environmental agency's patron in California. With his federal counterpart of the EPA.

 

 

Crédit:IMPERIUM MEDIA

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