UK and Morocco Strengthen Trade Relations
The United Kingdom has set an ambitious goal to double its trade volume with Morocco over the next five to seven years, as revealed by Chris Bryant, the British Minister of State for International Trade. This announcement came during his visit to Rabat, where he engaged in discussions with Foreign Minister Nasser Bourita at the inauguration of the Morocco-UK Business Forum. Currently, trade between the two nations is estimated at approximately £4.5 billion, indicating a solid foundation upon which to build further economic collaboration.
Bryant characterized Morocco as not only a land of opportunity but also a strategic partner for the UK. He emphasized the importance of enhancing trade and investment links, particularly in light of the forthcoming 2030 FIFA World Cup, which he believes will serve as a catalyst for significant economic transformation and infrastructure development in Morocco. This global sporting event is expected to elevate Morocco's international profile and visibility, opening doors to new economic prospects.
Support for Morocco's 2030 World Cup Preparations
The British minister expressed London's readiness to assist Morocco in its preparations for the World Cup, focusing on crucial areas such as major event management, security, infrastructure development, fan services, and the planning of a sustainable legacy post-event. His remarks highlighted the eagerness of British companies to engage in Morocco's extensive transformation projects, thereby fostering a mutually beneficial relationship between the nations.
Accompanying Bryant on this visit is a delegation comprising around 50 companies specializing in various sectors, including infrastructure, transport, security, engineering, design, and professional services. This delegation is participating in the Morocco-UK Business Forum, which is being held across Rabat and Casablanca on June 2 and 3. The forum aims to facilitate deeper collaborations between senior government officials, business leaders, and investors from both countries, reinforcing their commitment to bilateral cooperation and Morocco's development agenda as it gears up for the 2030 World Cup.
In a related statement, Ryad Mezzour, Morocco's Minister of Industry and Trade, remarked that the 2030 World Cup is perceived as a significant development lever. It is expected to enhance transport infrastructure, healthcare services, and public amenities across the nation. Moreover, he noted that Morocco is executing a broader eight-year economic and territorial transformation program, aspiring for partnerships that emphasize investment, innovation, and competitiveness, rather than merely transferring technology.
As reported by en.yabiladi.com.
