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Europe's Mexico? Sumitomo props Morocco in post-Brexit world

Trading house aims to lure Japanese manufacturers to five industrial parks

With capacity growing in 2020, Tangier's container port will be among largest in Africa.

TOKYO -- Sumitomo Corp. is setting up Morocco to be an alternative manufacturing hub in the post-Brexit world.

The trading house will broker industrial park space for a company linked to Morocco's government, it said Friday, with the aim of luring Japanese manufacturers exporting to Europe. 

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