PRACTICAL INFORMATION Destination:
Casablanca - Morocco
March 2nd until March 20th 2020
â‚¬ 3.250 (as de facto partnership, Inisol has no VAT obligations), incl. all accommodation and travel expenses
CONTACT Inisol Vrije Universiteit Brussel Secretary ES Pleinlaan 5 1050 Brussels
TRADE MISSION 2020
MOROCCO: CASABLANCA â€“ TRADE MISSION 2020 INISOL
Initiatiefgroep Solvay (INISOL), is an organization of senior year master students in Business Engineering at the Solvay Business School and the Vrije Universiteit Brussel (VUB).
The trade mission can be interesting for your company for many reasons. By participating in this mission, you can explore a new market or you can further expand your existing network.
Since 1991, Inisol annually organizes a trade mission to an emerging economy. During this three week mission, a group of about twenty graduating students individually perform a specific assignment for participating companies under direct academic supervision..
WHO? GUIDANCE AND SUPPORT The trade mission team consists of a group of highly motivated business engineering students under the academic supervision of Prof. dr. MichaĂŤl Dooms and his team, who, when being students, all participated in a trade mission himself. Prof. Dooms has supported the last thirteen editions. He will assist the students with the preparation and execution of the mission, including on-location support. We also cooperate with, among others, Flanders Investment & Trade, the local Belgian Embassy and the Agency for Foreign Trade in order to obtain professional advice and generate the necessary contacts. Therefore, we also make preparatory contacts with Solvay Alumni on site. Practicalities like accommodation, local transport, communications, the first appointments, etc. are taken care off as much in detail as possible before departure in order to start working the first day. WHERE? LOCATION In the past years our trade mission went to Colombia (2013 and 2019), Kenya (2014 and 2018), Indonesia (2010 and 2017), Malaysia (2016), China (2015 and 2009, Turkey (2012) and Vietnam (2011). This year Inisol has chosen to explore the Moroccan market. In March 2020, the mission will take place in Casablanca, the economic hub of the country. Thanks to several strategic reforms, the Moroccan government established an economy with a steady growth, low inflation and a gradual declining level of unemployment. This results in a continuous growing middle class, which on its turn leads to a growing market. Furthermore, the exchange risk is reduced by linking the Moroccan Dirham to a basket of the euro and the American dollar. In 2017, 60,4% of the Moroccan trade was in relation with the EU and 56,9% from the Moroccan import came out of the EU. In short, Morocco can be classified as a potential market for Belgian companies.
The trade mission takes place in the second semester of the academic year. The preparations for the trade mission are initiated much earlier. This year the trade mission will take place from March 2nd till March 20th, 2020. Following preparatory and interim reports, the final report will be delivered eight weeks after the mission at the latest. The deadline for interested companies to sign up is set December 7th, 2020. Companies are served on a first come first served basis. HOW? PROCEDURE We work with a simple formula. You can find a complete outline of our procedure in the step-by-step plan in our brochure (only available in Dutch). The first phase consists of searching for a company for each student. Subsequently, the student in Belgium will be thoroughly informed about the objectives of his/her specific assignment. The content of the assignment will be discussed with a representative of Flanders Investment and Trade. During the second phase, ca. two months before departure, the mission must be prepared in detail. The assigned student will have to conduct the necessary research in preparation of the assignment on site. This encompasses among others a possible education or coaching, provided by the company itself, before the start of the actual mission. The third phase, the trade mission itself, consists of an intense research in Morocco. The students arrive on the 29nd of February 2020 for the execution of the assignments on site. The trade mission will last three weeks. During the mission, every effort will be made to give feedback on a small-scaled and frequent basis. During the fourth and final phase, each student establishes a professional report, with specific attention to the results of the conducted research. A first draft of the report will be delivered no later than four weeks after the return. The final report will be handed over in eight weeks after return at the latest and the corresponding oral presentation will take place twelve weeks after return.