For growth-enhancing cooperation for the benefit of businesses

Ways to promote economic growth and cooperation between Moroccan and Belgian companies were at the center of a meeting, Tuesday in Casablanca, between the president of the General Confederation of Moroccan Enterprises (CGEM), Chakib Alj, and the vice -Prime Minister and Minister of Economy and Labor of Belgium, Pierre-Yves Dermagne.

During this meeting, the two parties discussed ways to further strengthen trade which is well below the potential of the two Kingdoms, as well as to encourage Belgian companies, particularly SMEs, to invest more in Morocco, and Moroccan economic operators to integrate the Belgian market, particularly within the framework of joint ventures.

It also involves implementing projects relating to the various growth sectors identified beforehand, in particular infrastructure, renewable energies, sustainability, health, transport and logistics, innovation and new technologies.

In a statement to the press following these talks, Pierre-Yves Dermagne said he was proud of the quality of relations between the two peoples, stressing that this meeting is part of a series of meetings aims to strengthen collaboration between Belgium and Morocco, particularly following the impacts of the health crisis on all economies.

“It aims, in fact, to build on this historic friendship between the two Kingdoms,” said the Belgian official, indicating that several issues can be the subject of strong cooperation in terms of employment, given the number of companies Belgians active on Moroccan territory.

For his part, Chakib Alj indicated that in addition to its political and macroeconomic stability and the resilience of its economy in the face of the pandemic, Morocco has experienced several advances which make it one of the most important investment destinations. reliable and competitive in the world and the gateway par excellence to Africa with world-class infrastructure, an important financial hub, quality human capital, as well as targeted sector strategies, among others.

At the same time, he recalled the historic, solid and resilient ties between Morocco and Belgium, as well as the partnership that dates back to 1965 and which has made it possible to set up several high-impact development projects.

Chakib Alj further noted that half a million Moroccans live in Belgium, noting that this is the second largest community of foreign origin in Belgium and the first in the Brussels region.

The synergies between Moroccan & Belgian companies, the #CSRthe Investment Charter, social dialogue, the role of Moroccan entrepreneurs of 🌍, so many topics discussed today with Mr. @PYDermagneDeputy Prime Minister & Minister of Economy & Labor of 🇧🇪

— CGEM (@CGEM_MA) May 17, 2022



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