Ambassador of the European Union (EU) to Morocco Dimiter Tzantchev praised on Monday in Casablanca the remarkable success of economic relations between the Kingdom and the Union.
Speaking at a meeting with the General Confederation of Moroccan Enterprises (CGEM), Tzantchev noted that these relations helped increase bilateral trade fivefold in 25 years, generating prosperity and jobs on both sides of the Mediterranean.
In this regard, he recalled that the EU remains Morocco’s leading supplier, customer, and foreign investor.
Tzantchev congratulated the Kingdom on the scale of its economic and institutional development, noting a profound and remarkable transformation at all levels.
For his part, CGEM President Chakib Alj emphasized that “the European Union remains the Kingdom’s main partner, accounting for 56% of Moroccan trade in goods and absorbing 65% of exports, with the total value of trade increasing by nearly 40% in recent years.”
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