“The positive dynamic between the two countries testifies to the strength of economic relations, but also to the common desire to go even further,” said Ms. Fettah at the opening of the Morocco-France entrepreneurial meeting dedicated to strategic sectors of ‘future.
“We want to intensify our projects, particularly in sectors of the future such as information technologies, sustainable mobility, agro-industry, and health,” continued the minister, recalling that France is already a partner leader in key sectors, including automotive, aerospace, energy and infrastructure.
These sectoral successes demonstrate that “our partnership is not only an economic issue, but also an industrial success which echoes our common ambition,” argued Ms. Fettah.
Furthermore, the minister estimated that the vision of the two parties goes beyond the borders of the two countries. And support: “With France, we have the unique opportunity to build together a new model of economic cooperation, based on co-petition, that is to say cooperation while maintaining healthy competition”.
Ms. Fettah, at the same time, recalled that Morocco, under the leadership of His Majesty King Mohammed VI, has always had a strong African ambition, reaffirming the firm conviction that “the future of our Nations is also at stake on the African continent” .
In this sense, she highlighted the continent’s assets and the “extraordinary” potential of African companies, judging that this dimension allows the exemplary partnership and win-win economic cooperation between Morocco and France to take shape. establish it as a reference model for the construction and strengthening of the Euro-African space, on solid, healthy and lasting foundations.
And to recall that trade between Morocco and France reached 163.1 billion dirhams (MMDH) in 2023, up 2.8% compared to 2022 and 34% compared to 2019.
France is Morocco’s second largest trading partner, representing 14.2% of total trade, and is ranked second customer (20.3%) and third supplier (10.6%).
In terms of foreign direct investments (FDI), France invested MAD 11.3 billion in Morocco in 2023. Furthermore, Moroccan investments in France reached a record level of MAD 15.1 billion in 2023, an increase of 28%. compared to the previous year.
Furthermore, around 1,300 subsidiaries of French companies are established in Morocco, making the country the leading African destination for French FDI.
Co-organized by the General Confederation of Moroccan Businesses (CGEM) and the French Business Movement (MEDEF), via the France-Morocco Business Leaders Club, this meeting is of particular importance in the context of the visit of State of the President of the French Republic, Emmanuel Macron, at the invitation of King Mohammed VI, who embodies for the two countries, the strengthening of historical ties and the resolute projection towards a common, ambitious and daring future.
