CGEM and Israeli employers sign partnership agreement to promote economic relations

A strategic partnership agreement to promote economic and trade relations and technological development between Morocco and Israel was signed on Monday by videoconference between the General Confederation of Enterprises of Morocco (CGEM) and The Israeli Employers and Business Organizations (IEBO) , the representative of the Israeli private sector. Initialed by CGEM President Chakib Alj, IEBO and Manufacturers Association of Israel (MAI) President Ron Tomer as well as Federation of Israeli Chambers of Commerce (FICC) President Uriel Lynn, this partnership will allow an open and permanent dialogue to be established between CGEM and IEBO, which will combine their efforts to create strong synergies between the respective business communities in key sectors, but also to establish an exchange of information and experience in areas of common interest such as import / export, Research and Development (R&D), innovation and technology. “We are confident that this agreement constitutes a new step towards a strong, lasting partnership that creates synergies between Moroccan and Israeli companies,” said Mr. Alj in a statement to the press on the sidelines of the signing ceremony, adding that the reactivation of relations between Morocco and Israel opens very promising economic prospects, namely, an important potential in terms of trade, but also countless investment opportunities that the Moroccan and Israeli private sectors can seize together on at the local, regional or global level, particularly with regard to the comparative advantages which the two countries have in different sectors such as tourism, agribusiness or technology and innovation. “A few months ago, we witnessed the diplomatic actions bringing the two countries closer together, under the enlightened leadership of His Majesty King Mohammed VI may God assist him, and we are delighted with this dynamic” he noted. For his part, the president of IEBO and MAI said he was happy to participate in the renewal of economic and trade relations between Israel and Morocco. “The roots of many Israelis lie in Morocco, where for many years a large Jewish community flourished. Therefore, it is quite natural for us today to renew and strengthen the relationship between our two countries, creating a genuine long-term partnership for the promotion of trade cooperation. I would also like to thank the CGEM for this important and historic agreement, ”he underlined. For his part, the president of the FICC, affirmed that Israel and Morocco maintain “a strong relationship which lasts over time”. Thanks to its geographical location, Morocco could be a bridge of connection with North Africa for Israeli companies, he noted, specifying that Morocco offers, to the automotive, agricultural, food, textile and chemical industries, a competitive import platform. Mr. Lynn also raised that “Israel could contribute to the development of Morocco in the fields of modern agriculture, technological equipments, irrigation and water technologies, solar energy and cooperation technological development with the EU ”. Moreover, there are already links that have been established with the Moroccan business community and we are witnessing a strong desire to forge new partnerships with Israel, he continued. The president of the Morocco-Israel Business Council, Steve O’Hana, for his part, noted that “this partnership will be fruitful given the motivations that are specific to operators and Moroccans and Israelis” underlining the importance of the will of the two parts. “I am honored and proud to chair the Morocco-Israel Business Council and I would endeavor to ensure that our trade is beneficial for our two countries for Morocco and for Israel,” he said. As part of this strategic partnership, CGEM and IEBO have set up a bilateral Business Council to promote cooperation between the two private sectors, in particular through the exchange of trade missions, the organization of B2B events and the establishment of Moroccan companies in Israel and Israeli companies in Morocco. This Morocco-Israel Business Council is chaired by Mr. O’Hana for the Moroccan part. Note that the IEBO brings together the Manufacturers Association of Israel (MAI), the Federation of Israeli Chambers of Commerce (FICC) and the Israeli Agriculture Organization (IAO). (With MAP)