Genesis Morocco: Korea and Morocco discuss cooperation

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Genesis Morocco

Project Genesis is a strategic sustainable development framework for Morocco to translate from being a net importer of energy and a country facing water shortage issues, into the number one producer both of clean renewable energy and water in the region.

Tuesday, October 27, 2009    <<Home

Korea and Morocco discuss cooperation

Tuesday, October 27, 2009

A joint committee composed of officials from South Korea and Morocco met yesterday to discuss ways for expanding bilateral ties in various fields of mutual interest, according to the Foreign Ministry.

Topping the agenda was how the two nations would cooperate on accessing future energy resources such as renewable energy.

Searching for a cost-efficient of importing energy is a pressing issue for both nations, as South Korea is almost entirely dependent on energy imports, while Morocco is also trying to slash costs for importing petroleum, those close to the matter said.

It was the fifth such committee conference for the two sides. Deputy Foreign Minister Lee Yong-joon headed the South Korean delegation. Lee's counterpart was Youssef Amrani, secretary-general of the Moroccan Ministry of Foreign Affairs and Cooperation. Up to 25 officials attended, with 10 coming from Moroccan government agencies spanning financial and commercial departments.

By Kim Ji-hyun

//Personal notes : What to expect from the Koreans.

Company of interest : Kia Motors

Technology asset : Hybrid Vehicles.

Key leverage : Technology transfer

Production plant : Moroccan based

Fleet replacement for governmental entities : Phased approach, oldest vehicles go first.