Hanoi (VNA) –The Trade Office of the Vietnamese Embassy in Morocco has warned domestic firmsnot to take any transaction with Ste Top Arabic Sarl A.U, a Moroccan company thathas been reported by many foreign firms.

The company, whichalso holds a representative office in Spain under the name of Macrotex TradingSolutions, holds the tax code of 5612886 and is addressed at QU Bouchouaf ImmbA 1 Etage, in the Moroccan city of Nador.

Its office, which islocated in a small city in the northern mountainous region of Morocco, closesfrequently, while the phone number it sent to its partners can hardly be reached.

The Trade Office saidthat the company often contacts exporters in other countries, includingVietnam, either directly or through a third party in order to seek suppliers ofagricultural products such as packed fruits, cashew nuts, coffee, pepper, andspices.

Many exporters havefallen into failed dealings with the firm. After signing a contract and reachingan agreement in payment methods, exporters then sent goods which the Moroccanfirm then ignored, leaving exporters with high storage fees and forcing them toreduce the prices of their goods. The exporters were then faced with an awkwardsituation and suffered from losses.

So far, severalforeign companies and one Vietnamese firm have fallen into such troubles in thesame way.

As such, theVietnamese Embassy in Morocco’s Trade Office advised enterprises to be carefuland keep away from Ste Top Arabic Sarl A.U to avoid losses.

It also remindsbusinesses to research information of all firms carefully before partneringwith them, while also being cautious in contract negotiations to reduce risksin the promising markets of Morocco and others.–VNA