Trade between Morocco and Brazil reached nearly $3 billion in 2024, up 4.52% from the previous year, underscoring the need to deepen economic ties beyond agrobusiness.
This was the central message at the LIDE Brazil-Morocco Forum in Marrakech, where leaders highlighted opportunities in industry, green tech, and investment.
Held on Wednesday, the high-level forum brought together more than 100 business leaders, policymakers, and institutional representatives from both countries to discuss strategic cooperation.
Speaking at a panel titled “Business Development Between Brazil and Morocco”, former Brazilian President Michel Temer praised the growing bilateral relationship, calling it “increasingly prosperous.” He stressed that Brazil is eager to expand its economic engagement with Morocco beyond agriculture, stating, “Brazil is fully open to this dynamic.”
Ali Seddiki, Director General of the Moroccan Investment and Export Development Agency (AMDIE), echoed this vision, emphasizing the shared ambition of both nations to establish balanced, sustainable, and long-term partnerships. “Morocco and Brazil are two dynamic emerging economies with a history of mutual respect,” Seddiki noted.
He highlighted Morocco’s Atlantic positioning as a natural bridge to Brazil, adding, “The ocean doesn’t separate us—it brings us closer.” This shared geography, he argued, offers a unique opportunity to strengthen trade routes in a shifting global economy.
Participants stressed the economic complementarity of the two countries and the urgency of forging pragmatic, future-oriented partnerships. They called for greater diversification of sectors beyond agrobusiness, advocating for joint ventures in renewable energy, green technologies, manufacturing, and innovation.
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