Home Economy Morocco and EU Agree to Reinforce Agricultural Partnership

Morocco and EU Agree to Reinforce Agricultural Partnership

Morocco and EU Discuss Amending Agriculture Deal

Rabat – Morocco and the European Union signed Wednesday in Brussels a document reinforcing their bonds on the basis of the agricultural agreement signed between the two parties.

Underscoring the importance of the document, Nasser Bourita, Morocco’s Minister of Foreign Affairs, told Maghreb Arab Press (MAP) that, “the signing of this document is part of the strengthening partnership between Morocco and the EU” under the farm agreement between the two parties.

According to Bourita, the document is an “important step in a process that will continue in the coming weeks to strengthen this important pillar of the relationship between Morocco and the European Union.

The signing ceremony took place in the presence of Aziz Akhannouch, Minister of Agriculture and Ahmed Reda Chami, Morocco’s Ambassador to the EU.

The partnership linking the two parties is underpinned by numerous economic and political agreements. The partnership around agriculture was reinforced by the launch of the European Neighbourhood Policy (ENP) in 2003. Additionally, the European Union is Morocco’s leading trade partner, according to the EU.

“In 2012 the EU imported goods from Morocco worth just over EUR 9 billion and exported EUR 7 billion worth to Morocco,” added the same source.

In 2016, the EU imported more than EUR 3 billion worth of agricultural products from Morocco.

EU data also indicated that 61 percent of all Moroccan exports go to the EU, and 52 percent of all Morocco’s imports come from the EU. Data also showed that Morocco’s trade with the EU is rapidly growing across several important non-agricultural sectors.

SHARE
Previous articlePrincess Lalla Meryem Chairs Children’s Vaccination Campaign Ceremony
Next articleFlexible Exchange Rate, Jobs Expansion, and Entrepreneurship Feature in Marrakech Conference Lineup