Morocco, Israel to strengthen economic & commercial ties

Israeli economy minister Orna Barbivai will visit Morocco next week to ink an economic and commercial cooperation accord that will enhance trade relations between the two countries.

According to a statement released Thursday by the Israeli ministry of economy, Mrs. Barbivai will start on Sunday her visit to the North African Kingdom for meetings with government officials and business leaders in Rabat, Casablanca and Marrakech.

“Morocco is very important for Israel diplomatically, economically and culturally,” said the Israeli minister.

Huge business opportunities are offered for the two countries’ entrepreneurs in agriculture, water treatment, smart technologies, cybersecurity, defense, digital health systems, smart cities and renewable energies.

Following the normalization of relations between Rabat and Tel-Aviv in 2020 within the frame of the US-brokered Abraham Accords, the two countries airlines launched direct air flights, while Moroccan and Israeli officials have intensified high-level contacts, talks and exchange of visits.

Morocco’s Employers’ Union (Conféderation Générale des Entreprises du Maroc/CGEM) and the Israeli Employers and Business Organizations (IEBO) have also sealed a strategic partnership to strengthen dialogue between the two countries’ business communities in import & export, research & development, innovation and technology.

The CGEM and IEBO have also set up a business council to promote cooperation between the Moroccan and Israeli private sectors through the exchange of trade missions, B2B meetings and the establishment of joint ventures.