Foreign Ministry strengthens Southern ties

  • 2009-10-07
  • By Ella Karapetyan

Foreign Minister Urmas Paet supports investment in Africa.

TALLINN - Estonian Foreign Minister Urmas Paet signed an agreement for the protection of investments between Estonia and the Kingdom of Morocco while in attendance at the UN General Assembly in New York in September. He also established diplomatic relations with Mozambique, signing a joint communique with the Foreign Minister, Oldemiro Baloi.

While signing the agreement for the protection of investments with the Foreign Minister of the Kingdom of Morocco Taieb Fassi-Fihri, Paet said that Estonian entrepreneurs' interest in investing in Morocco has grown noticeably during the last few years. Paet claimed that the agreement for the protection of investments is a necessary base for strengthening economic relations between Estonia and its African friends in Morocco.

"We expect that the agreement for the protection of investments will give a greater feeling of security to Estonian entrepreneurs doing business in Morocco, and create more opportunities for Moroccan investments to come to Estonia. We will continue to prepare an agreement for the avoidance of double taxation for the same reason," proclaimed Paet.

"Another factor that supports economic relations and contacts between the nations is the Moroccan honorary consul in Estonia, Margus Reinsalu, who is very active in intensifying Morocco-Estonia relations," Paet added. Paet noted that Estonia is also interested in developing cultural relations with Morocco. "Estonian universities have expressed interest in a student exchange program with Morocco," said Paet.

Paet and Fassi-Fihri acknowledged that the development of relations between Estonia and Morocco would be promoted even more by the organization of reciprocal high-level visits. Paet invited his colleague to visit Estonia.

Paet then signed a joint communique that established diplomatic relations between Estonia and Mozambique. In his meeting with Baloi, Paet emphasized that Estonia wishes to find a suitable candidate for an honorary consul in Mozambique as soon as possible. "We would like for Estonia's interest in communicating with Mozambique to be supported by the future honorary consul." Paet spoke with his Mozambican colleague about co-operation opportunities in international organizations, information technology, and the tourism sector.