The first edition of the Morocco-European Union (EU) Business Dialogue took place, Thursday in Marrakech, at the initiative of the Moroccan Employers’ Association (CGEM), the European Commission, BusinessEurope, and Eurocham Morocco.
This high-level meeting represents the shared desire of Moroccan and European economic operators to support political actors in the development of the Morocco-EU relationship and to discuss ways to make the economic and trade partnership even stronger, resilient, and carrier of more value-added and growth.
Speaking on this occasion, Executive Vice-President of the European Commission, Valdis Dombrovskis, stressed that this first Morocco-EU business dialogue is “an important step”, noting that the EU and Morocco “now have strong and well-established trade and economic ties”.
“Total bilateral trade in goods has reached more than 43 billion euros in 2021, the highest level ever, and we have a stable exchange of services. However, we can do much more, especially to accompany the green and digital transition of our economies,” he said.
In this regard, he noted that “EU businesses and investors recognize the potential of Morocco,” adding that they are eager to strengthen their relationship, underpinned by sound legal and commercial frameworks.
For his part, Minister of Industry and Trade Ryad Mezzour said the Morocco-EU Business Dialogue is an opportunity to further strengthen the important trade relations between the two parties and showcase Morocco’s impressive development over the past 20 years.
CGEM president, Chakib Alj, stressed the need to modernize the Morocco-EU Association Agreement, which dates from 2000, so that it can take into account the progress of Morocco and the new economic realities, including those caused by the Covid-19 pandemic and tensions in Eastern Europe.
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