Trade between Morocco and the United Kingdom improved significantly after Brexit, as the bilateral trade volume last year amounted to 22.9 billion dirhams.
According to a press release issued by the second session of the Moroccan-British Partnership Council, held on Thursday, exchanges increased by about 50 percent, from 15.3 billion dirhams in 2019 to 22.9 billion dirhams last year.
The statement said that the agreement signed between the two countries following Britain’s exit from the European Union, which entered into force in January 2021, enabled the strengthening of the economic partnership.
These data come after the Moroccan-British Partnership Council held its second session in the capital, Rabat, under the chairmanship of Riad Mazour, Minister of Industry and Trade, and Nigel Huddleston, Secretary of State at the British Ministry of Business and Trade, who is on an official visit to Morocco.
The two sides affirmed the relations of friendship and cooperation on the basis of a mutually beneficial approach stimulating the development of trade and multi-sectoral investments between the two countries.
The British minister met a number of Moroccan ministers, accompanied by a delegation from the British embassy in Rabat. He also met a number of British businessmen and discussed with them ways to raise investments in Morocco.
Nigel Huddleston stated that the meeting of the Moroccan-British Partnership Council represents an important stage in raising the level of bilateral trade and investment flows between the two kingdoms, and working to expand sectoral cooperation, especially in the fields of renewable energies, infrastructure, agriculture and tourism.
Britain shows great interest in investing in Morocco, especially in promising fields, especially hydrogen and green electrons, given the large potential expected in the energy field.
Britain also wants to be more present in the education and health sectors, as Nigel Huddleston reported that Morocco has 7 British schools and one university, and it is increasingly popular with families looking to secure Anglo-Saxon education for their children.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.