British Government supports trade & green investment in Morocco

Britain’s Minister of State for Trade policy Greg Hands has affirmed that the Department for Business & Trade regularly engages businesses and the Moroccan government to promote and support bilateral trade and green investment.

Responding at the House of Commons to a question by Conservative MP Ben Everitt on what steps London is taking to encourage bilateral trade between the UK and Morocco, the minister said that the UK-Morocco Association Agreement, which entered into force in 2021, facilitates this trading relationship.

The Agreement requires both parties to undertake a review of all agriculture and fisheries tariffs within three years of its entry into force in 2021. This review was launched on 16 November 2023.

Following conclusion of the review, Rabat and London will examine granting further liberalization on agriculture products on a regular basis.

Trade between the United Kingdom and Morocco was worth £3.4 billion in four quarters up to the end of Q2 2023, up £661 million compared to the same period of the previous year.

In February 2023, the 2nd Association Council was held, when Ministers discussed how best to increase bilateral trade and investment.