Morocco and Belgium Sign 21 Agreements to Boost Economy

Rabat – Moroccan and Belgian business actors signed 21 agreements and MoUs on Wednesday.

The agreements and MoUs cover different sectors including maritime, pharmacy, finance, agro-food, renewable energy, chemistry, construction, water resources protection, and metallurgy.

With a common desire to share best practices and expertise between Morocco and Belgium, the signed agreements aim to improve services, generate new business opportunities and implement industrial development projects in Morocco.

Some of the companies that signed partnership agreements include Morocco’s OCP Group, a leading exporter and producer of phosphate-based fertilizers, and Belgium’s Waterleau, a solutions provider to industry treatment of water, air, waste, and energy recovery.

During a bilateral meeting on Tuesday, Moroccan Head of Government Saad Eddine El Othmani and Princess Astrid of Belgium recognized that there are opportunities to boost economic cooperation between Morocco and Belgium.

Morocco, according to Flemish Minister-President Geert Bourgeois, is investing not only in conventional infrastructure, but also in many other sectors where Flemish companies excel, such as renewable energies and water purification.

Read also: Belgium: Morocco Represents Gateway to Africa to Benefit Belgian Ports

The Chamber of Commerce, Industry, and Services of Casablanca-Settat and the Chamber of Commerce and Industry of Wallonia also signed joint agreement.

The Moroccan Institute for Standardization (IMANOR) and the Walloon Agency for Export and Foreign Investment (AWEX) signed an agreement on the Halal certification of Walloon SME exporters to the African and European Francophone markets.

The National Employment Promotion Agency (ANAPEC) and the Brussels Regional Office for Employment (ACTIRIS) also signed a partnership agreement with the aim to share successful experiences to integrate remote and weakened people in labor market

The Belgian business actors came to Morocco as part of a large delegation  of 460 businessmen, entrepreneurs, and ministers, led by Princess Astrid.

Read also: Princess Astrid of Belgium to Lead Business Delegation to Morocco

The delegation, consisting of some 400 economic operators representing more than 250 companies, is currently on a visit to Morocco from November 25 to30.

The delegation involves representatives of many sectors, particularly chemistry, renewable energy, transport and logistics, and health.