- February 22, 2022
- Posted by: Stratford Team
- Category: Economy
RABAT, Morocco — Israel and Morocco signed a new bilateral agreement on Monday aimed at deepening economic ties, expanding trade, and developing joint business committees to drive the deal forward, Israel’s Ministry of Economy and Industry said.
Economy Minister Orna Barbivai, who arrived in Morocco on Sunday for a visit, said the accord “is intended to bring about economic growth and prosperity for Israel and Morocco,” as Israel hopes to “increase bilateral trade between the two countries from $131 million [last year] to $500 million in the next five years.”
The trade agreement was the latest sign of expanding cooperation after the countries normalized relations in 2020. It comes three months after Israel and Morocco signed a defense deal to deepen security ties, more freely share intelligence, and hold joint exercises.
Morocco was one of four Arab countries — along with the United Arab Emirates, Bahrain and Sudan — to move…
