Exports and imports between Morocco and Israel are expected to grow rapidly after resuming the diplomatic ties and signing a strategic economic accord in the last few days.
According to the Israeli news website, Israel Hayom, this strategic accord that was signed between the heads of the Israel Manufacturers Association, the Israel Farmers Federation, the Israeli Federation of the Chambers of Commerce, and the General Confederation of Moroccan Enterprises, also known as CGEM, on March 27 worth hundreds of millions of dollars.
The same source added, citing Zeev Lavie, the director of international trade at the Federation of Chambers of Commerce, "The leading fields of trade will be food and agriculture, spare parts and vehicles, chemicals, and mechanical equipment. On the other hand, Morocco looks forward to various technologies in the renewable energy fields, water treatments, agriculture, and health."
The Israeli officials who signed the aforementioned strategic agreement with the Moroccan General Contracting Federation revealed, according to the Israeli press, that this agreement will open the door to searching for investment opportunities in both Morocco and Israel, especially with regard to the private sector.
The Israel Hayom website indicated that the Federation of Israeli Chambers of Commerce believes that Morocco can be a bridge for Israeli companies and companies to reach African markets, which will open the door for them to expand further in the brown continent where Israeli investments are absent.
This agreement between the two parties comes within the framework of the continuous rapprochement between Morocco and Israel, after the signing of the agreement to normalize bilateral relations last December with American mediation, which included the American recognition of the Moroccan sovereignty over Sahara.
