Morocco’s General Confederation of Enterprises (CGEM) and the Israeli Employers and Business Organizations (IEBO) signed a strategic partnership agreement to promote economic and trade relations as well as technological development between Morocco and Israel. The partnership agreement was signed Monday during a videoconference by CGEM President Chakib Alj, President of IEBO and of Manufacturers Association of Israel (MAI) Ron Tomer, as well as by President of the Federation of Israeli Chambers of Commerce (FICC) Uriel Lynn. The agreement aims to open permanent dialogue between CGEM and IEBO, which vow to pool their “efforts to create strong synergies between the respective business communities in key sectors,” CGEM explained. “We are confident that this agreement constitutes a new step towards a strong, lasting partnership and creator of synergies between Moroccan and Israeli companies,” CGEM President Chakib Alj said. Moroccan and Israeli private sectors can benefit from these opportunities at the local, regional or global level, particularly with regard to the comparative advantages which the two countries have in different sectors such as tourism, agribusiness or technology and innovation.

Source: The North Africa Journal March 23, 2021 13:30 UTC