Morocco and South Korea have stepped up negotiations on a Comprehensive Economic Partnership Agreement (CEPA), with officials aiming to reach a preliminary understanding by August and conclude the pact before the end of the year, minister in charge of trade said.
The proposed agreement would go beyond traditional tariff reductions to cover investment, industrial production and supply-chain security as both countries seek to deepen economic ties amid shifting global trade patterns, Moroccan outlet Challenge reported minister Omar Hejira as saying.
For Seoul, Morocco offers a strategic gateway to international markets. The North African country is the only African nation with free-trade agreements with both the United States and the European Union, making it an attractive base for South Korean manufacturers seeking access to major export destinations.
Negotiations are increasingly focusing on sector-specific arrangements favored by South Korea to support its industrial champions.
Hyundai Rotem, which won a major contract in 2025 to supply trains for Morocco’s national railway operator ONCF, is reportedly seeking lower tariffs on imported components required for a planned manufacturing facility in Morocco.
South Korea is also pursuing opportunities in Morocco’s maritime industry. HD Hyundai Heavy Industries, which partnered with Moroccan group Somagec, is among the finalists bidding for the concession to develop and operate the Casablanca shipyard.
The project, overseen by Morocco’s National Ports Agency, includes large-scale repair and maintenance facilities capable of servicing both commercial and military vessels.
