The Minister of Economy and Finance, Nadia Fettah, met on Monday with her Israeli counterpart, Orna Barbivai, who is currently on a working visit to the Kingdom. The two officials notably discussed the promotion of economic and financial cooperation between Morocco and Israel.
This meeting, which took place in the presence of the Deputy Minister in charge of the Budget, Fouzi Lekjaa, was an opportunity for Nadia Fettah to salute the progress made in the establishment of economic cooperation instruments between Morocco and Israel, in accordance to the Memorandum of Understanding signed between the two countries on December 22, 2020.
The minister stressed, in this regard, the importance of the agreements being negotiated between the Moroccan and Israeli finance ministries, particularly in the areas of investment promotion, taxation and customs cooperation. Which agreements should contribute to the promotion of economic and financial cooperation between the two countries.
She also returned to the significant potential for the development of investment relations between Morocco and Israel. In this regard, she expressed her readiness to work, jointly with Barbivai, to promote business relations between economic operators of the two countries and to explore the investment opportunities offered by Morocco, by its exceptional geographical position and the diversity of its sources of growth.
Orna Barbivai, for her part, welcomed the constant evolution of bilateral relations between Morocco and Israel. She also reaffirmed the will of the Israeli government to build a base of strategic partnership with the Kingdom of Morocco capable of boosting a constructive and lasting dynamic in the economic relations between the two countries.
As a reminder, Morocco and Israel concluded, on December 22, 2020, a Memorandum of Understanding in the field of finance and investment which provides, among other things, for the opening of negotiations between the two parties aimed at the conclusion of an agreement for the promotion and reciprocal protection of investments, a double taxation agreement and an agreement on mutual administrative assistance in customs matters.