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Economy minister travels to Morocco to deepen trade ties

Mount Equity Group Tokyo Japan > News > Markets > Economy minister travels to Morocco to deepen trade ties

RABAT, Morocco — An Israeli minister arrived in Morocco on Sunday for a visit aimed at developing economic and trade ties, in the latest sign of expanding cooperation after the countries normalized relations in 2020.

Economy Minister Orna Barbivai is due to sign “a historic cooperation agreement” aiming to establish “the economic foundations of trade relations between Morocco and Israel,” her ministry said in a statement.

She is scheduled to visit Rabat, economic capital Casablanca and tourist hub Marrakesh, to tour Israeli textile and agricultural companies and to meet ministers and business representatives on the four-day trip.

“Morocco has great importance for Israel diplomatically, economically and culturally,” she said before the visit, on which she is accompanied by her Moroccan-born husband.

Bilateral trade between Israel and Morocco amounted to about $130 million last year.

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