1st official Israeli business delegation visits Morocco since normalization-Xinhua

1st official Israeli business delegation visits Morocco since normalization

Source: Xinhua

Editor: huaxia

2022-03-29 19:55:16

JERUSALEM, March 29 (Xinhua) -- The first official Israeli business delegation has arrived in Morocco, the Manufacturers Association of Israel (MAI) said Tuesday.

The delegation, which landed in Casablanca on Monday for a four-day visit and was welcomed by Morocco's economic organizations, includes the heads of Israel's leading industry, trade, export and agriculture organizations, according to the MAI.

The Israeli delegation visited the Casablanca Finance City, an African financial and business hub that gathers more than 200 corporate members with operations in 50 African countries.

It is scheduled to meet in Casablanca with the heads of the General Confederation of Businesses of Morocco (CGEM) and visit the port and business complex in the northern city of Tangier and headquarters of advanced industrial and agricultural companies.

The purpose of the visit is to promote trade relations and cooperation between Israel and Morocco in the areas of food, advanced agriculture, medical equipment and services, renewable energy, cybersecurity, transportation and more, according to the MAI.

Earlier in March, Morocco sent its first official business delegation to Israel, during which the CGEM signed a cooperation agreement with leading Israeli business organizations.

Morocco agreed to normalize its relations with Israel in December 2020 in a deal brokered by the United States, becoming the fourth Arab country after the United Arab Emirates, Bahrain and Sudan to normalize ties with Israel in 2020.

Israel signed a bilateral agreement with Morocco in February aiming to expand annual trade volume to 500 million U.S. dollars within the next five years.