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Our Bureau

New Delhi , Dec. 7

THE Export and Import (EXIM) Bank of India has offered to extend an initial line of credit of $10 million to Morocco. Mr Kamal Nath, Union Minister of Commerce & Industry, indicated this at a meeting with the Minister of Foreign Trade of Morocco, Mr Mustapha Mechahouri, here on Tuesday.

Exim Bank is discussing this proposal with the Moroccan Bank of Foreign Trade. Mr Kamal Nath urged the Moroccan authorities to expedite the conclusion of the line of credit agreement to further enhance the level of trade between the two countries.

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