The agreement was signed during Passover between the presidency of the employers and the General Confederation of Operators in Morocco • Senior member of the Association of Chambers of Commerce: "The leading areas will be food and agriculture products, spare parts and vehicles, chemicals and mechanical equipment."
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strategic partnership agreement was signed between Israel and Morocco worth hundreds of millions of dollars a year - Israel Today has learned.
A few days ago, on the eve of Passover, an extraordinary and first-of-its-kind partnership agreement was signed between the presidents of employers and businesses in Israel (the Manufacturers' Association, the Israeli Agricultural Organization and the Association of Chambers of Commerce) and the General Confederation of Factories in Morocco.
According to Zeev Lavie, Vice President of the International Trade Division of the Association of Chambers of Commerce, "The leading areas in trade will be food and agriculture products, spare parts and vehicles, chemicals and mechanical equipment.
Morocco, on the other hand, expects various technologies in the fields of renewable energy, water treatment, agriculture and health. "It should be noted that the volume of bilateral trade between Dubai and Israel in the five months since the signing of the agreement is about NIS 900 million.
Morocco and Israel will establish full diplomatic relations // Archive photo: GPO
During the signing ceremony, Alge, President of CGEM, said that "apart from the important additional trade potential, there are endless investment opportunities today that the Moroccan and Israeli private sector can exploit together locally, regionally and globally; especially in terms of benefits ".
"Special and long-term relationship"
The President of the Presidents of Employers and Businesses in Israel and the President of the Manufacturers' Association, Dr. Ron Tomer, stated: "I am happy and excited to be at the forefront of the economy and trade, while renewing relations between Israel and Morocco, "It has been a large and prosperous Jewish community for many years. It is only natural to renew and strengthen relations between the two countries, while creating a real long-term partnership that will yield commercial cooperation and help promote exports and imports between Israel and Morocco."
Advocate Uriel Lin, president of the Association of Chambers of Commerce, concluded: "Israel and Morocco have special and long-term relations.
Morocco has always been a natural target for strengthening Israel's cooperation in all areas of life, and certainly in the field of economy.
The Israeli economy will be able to benefit from the cooperation with Morocco, which is located between the continents of Europe and Africa and may serve as a bridge for Israeli companies to operate in northern Sahara and the African continent. "
