Spanish Minister of Industry Highlights Importance of Strengthening Cooperation with Morocco

Spanish Minister of Industry, Trade, and Tourism, Héctor Gómez Hernández, said on Monday in Madrid that the Spanish government “highly prioritizes” economic and trade cooperation with Morocco.

At the inauguration of a high-level business meeting under the theme “Investing in Morocco for Common Prosperity,” Gómez stated that “we are aware of the importance of establishing productive, diversified, and complementary relations, and we are firmly committed to working together to achieve the desired goals.” 

“We seek to explore and expand all possible areas to develop trade and economic relations with the aim of facilitating investment,” affirmed the Spanish minister, adding that Morocco and Spain are strongly motivated and determined to strengthen their partnership.

In a similar context, the Spanish official assured that Spain “is keen to go beyond the agreements of the last Morocco-Spain High-Level Meeting (HLM), held in February in Rabat,” highlighting the key role that private operators play in supporting this new dynamic.

“The challenges are significant, but so are the strengths of the two countries,” concluded Gómez.

The General Confederation of Moroccan Enterprises (CGEM) and the Morocco-Spain Economic Council (CEMAES) held, on May 22 in Madrid, a business meeting under the theme “Investing in Morocco for a common prosperity,” aimed at promoting investment opportunities in Morocco. 

The meeting, which is organized in partnership with the Ministry of Investment, Convergence, and Evaluation of Public Policies and the Moroccan Investment and Export Development Agency (AMDIE), also aims to bridge Moroccan and Spanish companies to accelerate their expansion into new markets, particularly in Africa and  Latin America.

The meeting saw the participation of over 150 Spanish companies from different sectors, such as agribusiness, circular economy, renewable energies, water management, waste processing, textile, and tourism.

The companies had the opportunity to hold B2B meetings with potential partners and the staff of AMDIE to learn about available opportunities, especially in light of the ongoing deployment of Morocco’s new Investment Charter, which provides exceptional incentives (financial and non-financial) to domestic and foreign investors and seeks the investment of MAD 550 billion and the creation of 500.000 jobs.

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