Morocco, Spain delegations meet for the General Assembly of the joint Economic Council

The General Assembly of the Moroccan-Spanish Economic Council (CEMAES) was held this Thursday in Casablanca, with the participation of the Moroccan Ambassador in Madrid, Karima Benyaich, and the Spanish Ambassador in Rabat, Ricardo Diez-Hochleitner Rodriguez.

This general meeting follows the opening of a new stage in relations between Morocco and Spain, after Spanish President Pedro Sanchez’ visit to Morocco.

Intervening in video conference, Benyaich said that “this meeting is part of an ambitious new era between the two countries,” noting that “the CEMAES is one of the various assets of rapprochement between Morocco and Spain, which can further strengthen bilateral economic relations and ties between businessmen of both countries.”

The ambassador highlighted Spain’s important contribution to Morocco’s trade as the Kingdom’s “first trading partner, as exchanges of goods between Spain and Morocco have doubled over the past 10 years.”

Benyaich also stressed that Moroccan and Spanish businessmen are able to take advantage of this new stage between the two countries, highlighting the favorable business climate in Morocco which is a real attraction for foreign investors.

For his part, Diez-Hochleitner Rodriguez said he was “pleased” with the opening of a new stage in relations between Morocco and Spain, which will help to give a strong impetus to economic and trade relations important for both countries.

Diez-Hochleitner Rodriguez has also highlighted the assets of economic rapprochement between Morocco and Spain, including the proximity, dynamism and complementarity of economies, calling to capitalize on these assets to give a strong impetus to economic cooperation between the two countries.

“The resilience of the Moroccan and Spanish economies is now more important than ever to face new challenges related to technological transformation, climate change and geopolitical tensions,” he stated, while noting that this General Assembly will mark the beginning of a prosperous future for Morocco and Spain.

For her part, the Director General of CEMAES, Houda Benghazi, said that trade between the two countries is of great importance, adding that “in 2021, Morocco exported about 7.3 billion euros to Spain, up 14.6% from last year.”

Benghazi noted that “the bilateral trade curve between the two countries is on an upward trend since 2016, as three important characteristics mark these exchanges, namely consistency, quality and balance.”

According to its director, CEMAES is now an important pillar in bringing together businessmen from both countries, and strengthening bilateral cooperation.