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European Union Ambassador to Morocco Dimiter Tzantchev saluted the “remarkable success” of economic relations between Morocco and the bloc during a meeting with Morocco’s business confederation on Monday.
Speaking at a meeting with the General Confederation of Moroccan Enterprises (CGEM) in Casablanca, Ambassador Tzantchev said bilateral trade has multiplied fivefold over the past 25 years, generating prosperity and jobs on both shores of the Mediterranean.
The EU remains Morocco’s leading supplier, customer, and foreign investor, the ambassador noted.
Tzantchev congratulated Morocco on the scale of its economic and institutional evolution, observing a profound and remarkable transformation at all levels.
CGEM President Chakib Alj said Morocco’s private sector attaches particular importance to Morocco-EU relations, which are experiencing sustained momentum in trade exchanges, with an intensification of flows and a notable upgrade in Moroccan production.
“The European Union remains Morocco’s main partner, representing 56% of Moroccan trade in products and absorbing 65% of exports, with total trade value up nearly 40% in recent years,” Alj said.
The CGEM president pointed to the significance of the new agricultural agreement concluded between Morocco and the EU in October, describing it as a structural milestone in bilateral relations.
Hailed as a victory for sovereignty and economic growth, the agreement provides preferential access for Moroccan farm products, including those from the Western Sahara, into the EU market under specific labeling (e.g., “Dakhla-Oued Eddahab”).
Alj cited several high-potential cooperation areas, including green hydrogen and renewable energy, integrated industrial value chains, research and development, innovation and training, and sustainable agriculture.
He said this agenda constitutes a robust basis, though subject to improvement, for deepening the privileged relationship between the two Mediterranean shores.
The CGEM president observed that the current momentum between Morocco and the EU creates conditions for a renewed, balanced, and promising partnership, based notably on the October agreement, the recent vote on the delegated act, implementation of the New Mediterranean Pact, and support for the UN Security Council resolution 2797 on Western Sahara.
He assured that Morocco’s private sector is fully mobilized to support this movement, reaffirming CGEM’s commitment to work toward the lasting anchoring of this partnership in shared prosperity, economic stability, and innovation.
Held on the sidelines of CGEM’s Board of Directors meeting, the session provided an opportunity to present strategic issues and prospects for the evolution of the Morocco-EU partnership, exchange views on economic, commercial, and investment cooperation opportunities, and identify common priorities to strengthen collaboration between the confederation and European institutions.
MWN with MAP
