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Rabat – The General Confederation of Moroccan Enterprises (CGEM) and the Confederation of Industrial Chambers of Mexico (CONCAMIN) signed a memorandum of understanding on Monday in Mexico City.
The MoU aims to strengthen economic and industrial cooperation between the two countries.
The agreement, signed by CGEM president Chakib Alj and CONCAMIN president Alejandro Malagón Barragán, seeks to establish a strategic partnership in trade and investment while exploring new opportunities across sectors of mutual interest.
Morocco’s ambassador to Mexico, Abdelfattah Lebbar, attended the ceremony.
The memorandum sets out to facilitate joint trade fairs and industrial forums, encourage dialogue between economic actors, and promote legislation and policies that foster investment and bilateral trade.
It also paves the way for specific agreements and potential joint projects, including the creation of a mixed commission to coordinate cooperation programs.
Morocco’s growing industrial strength
Speaking at the event, CGEM president Chakib Alj said the accord is designed to deepen economic ties and unlock promising investment opportunities.
“We are opening the way for projects that will strengthen relations between the Moroccan and Mexican private sectors,” he said.
Alj noted Morocco’s industrial progress in recent years, pointing to the country’s position as Africa’s leading automobile producer and its rapid advances in aerospace, textiles, pharmaceuticals, and food industries. He also cited Morocco’s political stability, modern port and logistics infrastructure, and highly qualified workforce as key incentives for investors.
A mission to strengthen ties
On behalf of Mexico, the CONCAMIN president stressed the potential for partnership in sectors such as pharmaceuticals and food industries. He commended Morocco as a fast-growing economy with strong natural and industrial assets capable of anchoring long-term cooperation with Mexico.
The signing of the agreement took place as part of an economic mission led by CGEM to Mexico from September 22 to 25.
Organized in coordination with Morocco’s embassy, the visit seeks to consolidate bilateral economic relations and identify new areas of partnership in trade and investment.
