A strengthened partnership in innovative sectors

A strengthened partnership in innovative sectors

The Kingdom of Morocco and the Swiss Confederation welcomed on Friday the importance of economic exchanges between the respective private sectors of the two countries.

Speaking at a press briefing following their talks in Rabat, Minister of Foreign Affairs, African Cooperation and Moroccans Living Abroad, Nasser Bourita, and Federal Councilor Switzerland, Head of the Federal Department of Foreign Affairs, Ignazio Cassis, underlined the importance of further strengthening the economic partnership.

They highlighted the growing common economic potential with a total volume that exceeded 700 million Swiss francs for the first time in 2022, noting that the Kingdom is the third partner in Africa of the Swiss Confederation and that the latter is in the Top 10 foreign investor countries in Morocco, with 50 Swiss companies in Morocco employing around 7,000 people.

Bourita notably highlighted the opportunities offered by the free trade agreement between Morocco and the European area, noting that a strong structuring of the economic actors of the two countries and the establishment of a council of business would greatly help in this perspective.

Referring to the new ways of joint Morocco-Switzerland cooperation towards Africa, Bourita said that the two countries are working within the framework of Moroccan-Swiss tripartite cooperation with Africa, noting the signing of a series of agreements and cooperation programs between the Moroccan Agency for International Cooperation and the Swiss cooperation directorates.


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