The European Union has partnered with Morocco to launch the EU External Investment Plan (EIP) in the country to pave the way to a better business environment and foster economic development. The EU-Morocco partnership is the first investments in Morocco under the European External Investment Plan to increase business opportunities, enhancing job creation, private sector development and inclusive growth.
The EU External Investment Plan will build on three pillars: the new European Fund for Sustainable Development, technical assistance and additional assistance.
Commissioner for Enlargement Negotiations and European Neighbourhood Policy, Johannes Hahn commented, “The European External Investment Plan will help leverage significant private funds into key sectors of Morocco’s economy. The plan will in turn empower local entrepreneurs and create jobs in the country. This new and innovative approach will also help carry out big sustainable development projects, which otherwise would not have been possible at all or would have been significantly smaller.”
The EU’s External Investment Plan is an innovative and ambitious EU plan that encourages investment in the EU’s partner countries in Africa and the European neighbourhood region. It promotes inclusive growth, job creation and sustainable development, so as to tackle some of the root causes of irregular migration.