The head of Morocco’s leading business conglomerate, CGEM, attended a meeting in Lisbon to further economic partnership with Portugal.
Rabat – The Morocco-Portugal economic impetus group (GIE) held its first ever meeting on Monday in Lisbon.
The Morocco-Portugal economic impetus group’s first meeting focused on defining the action plan and proposing measures to boost bilateral cooperation and partnership.
Focusing on the dynamics of co-investment, the presentation of ease of doing business, and business opportunities, the meeting also featured sector (automotive, textile, energy, IT, and start-ups) and business-to-business workshops.
In her speech, Portuguese Secretary of State for Foreign Affairs and Cooperation Teresa Ribeiro stated that both countries were committed to strengthening their economic presence in African markets. She also reiterated the EU’s interest in building close economic relations with African countries.
The president of the Moroccan Enterprises Confederation (CGEM), Salaheddine Mezouar, highlighted the importance of regional integration between Morocco and Portugal. He called for the countries to use sectoral synergies to expand common markets in Africa and South America as part of an industry value-chain approach.
CGEM and the Portuguese Enterprises Confederation (CIP) have announced the creation of the GIE, a sectoral working committees group tasked with identifying investment opportunities, growth markets, and linking companies.
Morocco has several international GIE partnerships. Last year, the Côte d’Ivoire-Morocco GIE held a presentation meeting that was attended by the leaders of the two countries. In 2016, Morocco and Senegal signed four agreements during a GIE conference.