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Morocco and UK strengthen economic partnership

Morocco and the Kingdom aim to build a strategic investment partnership, UK Minister of State for International Trade Conor Burns said in London on Tuesday.

In a statement on the sidelines of the Morocco-United Kingdom business dialogue held in the British capital, in the aftermath of the Afro-British Investment Summit, Burns underlined that the United Kingdom hopes that the African continent will perceive it “as a partner of choice both in terms of investment and trade, adding that the United Kingdom “wants to establish a special relationship with Morocco in North Africa”.

Asked if we can say that the two countries are building a strategic partnership in the field of investment, the minister replied “Yes, that is our ambition”, noting that the departure of the Kingdom of the European Union is a chance to see how this country “can do things differently” and “to engage with other parts of the world that may have been more or less neglected when it was a member of the EU”.

“Africa is an extremely important continent in full growth and which conceals a young population with a growing economy”, noted the minister, adding that “Morocco constitutes a pivotal country and a gateway to Africa which is only three hours away”.

In addition, he continued, the two countries share several ambitions, particularly in terms of the green economy and renewable energies.

The British minister added that the two countries “can do better together” after Brexit, noting that “the enthusiasm” expressed during this forum “by Moroccan and British companies could help the two parties to achieve their ambition”.

Launched Tuesday in London, the Morocco-United Kingdom business dialogue was jointly organized by the Ministry of Foreign Affairs, African Cooperation and Moroccans residing abroad and the General Confederation of Moroccan Enterprises (CGEM), on the sidelines of the Africa-United Kingdom Investment Summit, which redefined the contours of British foreign policy in the aftermath of Brexit.

The Moroccan side was represented at this event by Jazouli and representatives of the CGEM, the Moroccan Agency for Investment and Export Development (AMDIE), the OCP group, the Moroccan Agency for Solar Energy (MASEN ), Tanger Med, Casablanca Finance City (CFC), BMCE and 54 capitals.

The British side was led by Burns, as well as the British Secretary of State for Foreign Affairs in charge of North Africa and the Middle East, Andrew Murrisson.

A total of 116 Moroccan and 225 British companies took part in this important economic meeting, the aim of which is to present the trade and investment opportunities that the two countries have to offer.

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