Morocco and the European Union: Modernizing the Economic Partnership at the Heart of the Business Dialogue

The first edition of the Business Dialogue, organized by CGEM, BusinessEurope and EuroCham, was held today in Marrakesh in the presence of the Executive Vice President of the European Commission, Valdis Dombrovskis. Morocco and the European Union have expressed their common desire to enhance bilateral economic cooperation.

The General Confederation of Moroccan Enterprises (CGEM), the European Commission, BusinessEurope and Eurocham Morocco organized, today in Marrakech, the first edition of the Business Dialogue between Morocco and the European Union, in the presence of Valdis Dombrovskis, Executive Vice President of the European Commission Riyad Mazour, Minister of Industry and Trade, Chakib Alj, President The General Confederation of Moroccan Enterprises, and Pierre Ghataz, President of Business Europe.

This high-level meeting represents the common desire of Moroccan and European economic actors to support political actors in developing the relationship between Morocco and the European Union and to discuss ways to make the economic and trade partnership stronger, more flexible and more fruitful. value and growth.

During his speech at the opening of this meeting, Mr. Dombrovskis emphasized that “the first EU-Morocco Business Dialogue was an important step. Today, the EU and Morocco enjoy strong and well-established trade and economic relations: bilateral trade in goods totaled more than 43 billion euros in 2021, which is All-time high, and we have a consistent service exchange. However, we can do much more, particularly to support the green and digital transformation of our economies.”

Read also | Imminent reopening of the Ceuta and Melilla crossing points (Spanish Ministry of the Interior)

He added, “EU businessmen and investors understand Morocco’s potential. They are keen to strengthen their relationship, backed by strong legal and commercial frameworks. Today’s business dialogue will facilitate these important discussions. From an EU perspective, we are ready to discuss how to modernize the free trade area, with A particular focus is on how to facilitate additional and more sustainable foreign direct investment.”

For his part, the President of the General Confederation of Moroccan Enterprises insisted on “the necessity of updating the association agreement between Morocco and the European Union, which dates back to 2000, so as to take into account the progress made by Morocco under the impetus of His Majesty King Mohammed VI. And may God grant him, the new economic realities, no Especially those resulting from the COVID-19 pandemic and the tensions in Eastern Europe such as the high prices of raw materials and freight.”

Read also | Octopus partners with Xlinks to build an undersea electric cable between Morocco and the UK

He also stressed the central role that the Moroccan and European private sectors can play in strengthening the partnership between Morocco and the European Union and continuing to build a common, strong and resilient neighborhood. Chakib Alj then focused on the strategic priorities of Moroccan and European business leaders, namely improving market access, green transformation, value chain resilience, and Euro-African development, before insisting on the urgent need for joint action.

For his part, Pierre Gataz stressed “the need to adapt the EU-Morocco Association Agreement to the commercial realities of the 21st century and the needs of companies in important areas such as the digital economy. In the current context of increasing geopolitical risks, it is important for Europe to diversify its markets and Morocco as a natural partner.”

Read also | The University of Ottawa pays tribute to the villagers, the oldest university in the world still operating

The General Confederation of Moroccan Enterprises and BusinessEurope adopted, last September, an agreement to modernize trade and investment between the Kingdom of Morocco and the European Union, based on 8 axes: investment, an agreement to reduce tariffs on industrial products including a mutual recognition agreement. For regulations, standards, services, transportation, professional qualifications, customs matters, VSME, business climate and food safety.

Leave a Comment