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Join on Telegram Rabat – Since the signing of 2020 the US-brokered Abraham Accords, Morocco and Israel’s partnership has gained significant momentum, and in no field has it been more prominent than in economic cooperation.
In line with the two countries’ joint strategy to boost bilateral and multilateral cooperation, Morocco, Israel, and the United Arab Emirates are holding a joint business forum this November in Marrakech.
The event is set to focus on exploring venues for regional business cooperation, according to a statement from Israeli media, the Jerusalem Post. “The event will examine ways to increase joint ventures and economic partnerships between the participating countries,” the statement reads.
In addition to Morocco, Israel, and the UAE, the event’s list of attendees features ambassadors, government officials, and corporate executives from the Middle East, as well as other countries around the world.
Co-organized by Israel’s Jerusalem Post Group, the United Arab Emirates’ Khaleej Times, and Morocco’s GMH Media Group, the event would include a series of round table discussions and one-on-one meetings for attendees to create business connections and boost trade relations.
Prior to the signing of the Abraham Accords, Morocco and the UAE already enjoyed robust economic ties. The volume of trade between the two countries has been on a steady increase since 1995, growing at a 23.4% annual rate.
Bilateral trade between Morocco and the UAE grew from $308,000 in 1995, to $58.8 million in 2020, according to some estimates.
While Morocco’s economic cooperation with Israel only started officially in 2020, the two countries’ trade volume spiked in the subsequent two years, going from $70 million in 2020 to $130 million in 2021.
