Israel signs multimillion-dollar commerce accord with Morocco
04/01/2021
Jerusalem and Rabat have signed a strategic accord worth hundreds of millions of dollars, Israel Hayom has learned.
The heads of the Israel Manufacturers Association, the Israel Farmers Federation and the Israeli Federation of the Chambers of Commerce signed the unprecedented agreement with the General Confederation of Moroccan Enterprises, also known as CGEM, on March 27.
According to Zeev Lavie, director of international trade at the Federation of Chambers of Commerce, “The leading fields of trade will be food and agriculture, spare parts and vehicles, chemicals and mechanical equipment. On the other hand, Morocco looks forward to various technologies in the renewable energy fields, water treatments, agriculture and health.”
At the signing ceremony, the president of CGEM said, “Beyond the important potential for additional trade, there are now infinite investment opportunities that Moroccan and Israeli private sector[s] can take advantage of locally, regionally and globally; in particular, as far as existing advantages in various sectors in our countries—like tourism, industry and innovation—are concerned.”