Economy minister travels to Morocco to deepen trade ties

RABAT, Morocco — An Israeli minister arrived in Morocco on Sunday for a go to geared toward growing financial and commerce ties, within the newest signal of increasing cooperation after the nations normalized relations in 2020.

Financial system Minister Orna Barbivai is because of signal “a historic cooperation settlement” aiming to determine “the financial foundations of commerce relations between Morocco and Israel,” her ministry mentioned in a press release.

She is scheduled to go to Rabat, financial capital Casablanca and vacationer hub Marrakesh, to tour Israeli textile and agricultural corporations and to fulfill ministers and enterprise representatives on the four-day journey.

“Morocco has nice significance for Israel diplomatically, economically and culturally,” she mentioned earlier than the go to, on which she is accompanied by her Moroccan-born husband.

Bilateral commerce between Israel and Morocco amounted to about $130 million final 12 months.

The journey comes lower than three months after Israeli Protection Minister Benny Gantz made an unprecedented go to in November, signing a safety pact that angered Morocco’s neighbor and rival Algeria, and the Palestinians.

Benny Gantz, heart, is welcomed by Morocco’s International Minister Nasser Bourita, in Rabat, Morocco, Wednesday, Nov. 24, 2021. (AP/Mosa’ab Elshamy)

After his go to, Israeli and Moroccan media reported Rabat’s buy of Israeli protection know-how.

Israel and Morocco had initially established relations within the Nineties, however Rabat broke them off at the beginning of the second Palestinian intifada (rebellion) in 2000.

Cooperation has expanded swiftly since ties had been re-established as a part of the US-brokered Abraham Accords in late 2020.

Nationwide provider Royal Air Maroc is anticipated to begin direct flights between Casablanca and Tel Aviv on March 13.

Morocco reopened its borders earlier this month after shutting them in November because of the coronavirus, and is hoping for a big inflow of Israeli vacationers.

Do you worth The Instances of Israel?

Sure, I am going to give

Sure, I am going to give

Already a member? Register to cease seeing this

You are a devoted reader

We’re actually happy that you just’ve learn X Instances of Israel articles up to now month.

That’s why we began the Instances of Israel ten years in the past – to offer discerning readers such as you with must-read protection of Israel and the Jewish world.

So now we now have a request. In contrast to different information retailers, we haven’t put up a paywall. However because the journalism we do is expensive, we invite readers for whom The Instances of Israel has turn out to be essential to assist assist our work by becoming a member of The Instances of Israel Neighborhood.

For as little as $6 a month you’ll be able to assist assist our high quality journalism whereas having fun with The Instances of Israel AD-FREE, in addition to accessing unique content material accessible solely to Instances of Israel Neighborhood members.

Thanks,
David Horovitz, Founding Editor of The Instances of Israel

Be a part of Our Neighborhood

Be a part of Our Neighborhood

Already a member? Register to cease seeing this