Create jobs, strengthen know-how transfers and stimulate industrial competitiveness: these are the displayed objectives of the new dynamic of economic cooperation between Morocco and Egypt.
At the opening of the Egyptian-Moroccan investment and trade forum, held in Cairo on May 4, 2025, Mohamed Ali Tazi, president of the Morocco-Egypt Affairs Council, launched a strong appeal to build an ambitious and lasting partnership between the two nations, indicates the daily The economist in its edition of Tuesday, May 6.
With complementary savings and considerable potential, the two countries aims to become regional poles in key sectors such as food, pharmaceutics, renewable energies, logistics, transport and finance. In this logic, Egypt represents for Morocco a strategic bridge towards the markets of the Middle East and East Africa, while the kingdom constitutes a privileged gateway to West and Europe.
«The holding of this business forum, organized by the State Secretariat for Commerce and ASMEX (Moroccan Confederation of Exporters), in the presence of Omar Hejira, Moroccan Secretary of State in charge of Foreign Trade, and Hassan Al Khatib, Egyptian Minister of Investment and Foreign Trade, testifies to the shared political will to intensify economic exchanges», Lit-on.
An important delegation of businessmen, presidents of sectoral federations and representatives of professional chambers responded to explore new opportunities and build concrete partnerships.
Trade between Morocco and Egypt reached $ 1.1 billion in 2024. But an imbalance persists: Moroccan exports still represent only 6% of Egyptian imports. To remedy this, the two countries intend to remove the obstacles to export, relaunch the meetings of the mixed committee and regularly organize bilateral economic forums.
Among the encouraging signals, written The economistEgyptian imports of Moroccan cars have experienced rapid progression, from 400 units to 8,000 expected by 2026. The objective is now to reach $ 500 million in Moroccan exports to Egypt by 2026.
One of the levers envisaged to structure this cooperation is the emergence of the Morocco-Egypt Affairs Council as a reference platform for actors in the private sector. Its mission will be to bring the recommendations, follow the commitments and support investment projects. A common digital platform will also be launched to streamline sectoral exchanges and strengthen the visibility of opportunities.
Mohamed Ali Tazi also pleaded for the activation of the Agadir Agreement, a regional framework favorable to economic integration between member countries, including Morocco and Egypt. Such a dynamic could propel Moroccan products to new markets and increase their competitiveness at the regional and international level.
Par Lamia Elouali
05/05/2025 at 8:21 p.m.
