Morocco-Germany: bilateral cooperation marked by a convergence of interests (Mrs Zohour Alaoui)

Thursday, April 25, 2024 at 3:47 PM

Munich – Bilateral cooperation between Morocco and Germany is part of a positive dynamic that is transcended by a convergence of interests, the Ambassador of the Kingdom of Morocco to the Federal Republic of Germany, Zohour Alaoui, indicated in Munich on Wednesday evening.

During the “Morocco Now” conference, organized as part of the Economic Roadshow of the Moroccan Agency for the Development of Investments and Exports (AMDIE) in Germany, Ms. Alaoui emphasized the common desire of the two countries to develop their partnership in a win-win to strengthen a win situation. gain perspective and mutual respect.

This wish became reality with the launch, in July 2023, of the bilateral strategic dialogue, which made Germany a privileged partner for Morocco, Mrs. Alaoui recalled, noting that trade between the two countries has shown spectacular growth, with bilateral trade volume almost 6 billion euros in 2023.

In this capacity, the diplomat highlighted the special interest of German investors in Morocco, especially in the aviation, automotive and green hydrogen sectors.

“These sectors, thanks to structural reforms and the far-sighted vision of HM King Mohammed VI, offer promising investment opportunities, supported by an attractive macroeconomic environment in Morocco,” she added.

Furthermore, the Ambassador underlined the growing strategic importance of relations between Morocco and Germany, not only economically, but also in terms of political cooperation and energy partnership.

“This relationship takes place in a troubled international context, where the convergence of common interests between the two countries is reaching unprecedented levels,” she said.

In this sense, Ms. Alaoui considered the visit to Germany of the Minister Delegate in charge of Investments, Convergence and Public Policy Evaluation, Mohcine Jazouli, who is currently leading a Roadshow, as an illustration of Morocco’s renewed will to strengthen its country. strengthen ties with Germany and explore new opportunities for closer economic cooperation.

The “Morocco Now” conference in Munich was held under the theme “Creating synergies for Sustainable Partnerships”. The meeting was attended by Mr. Jazouli, the Deputy Director General of the Federal Ministry of Economy and Climate Protection, Ursula Borak, the Director General of the Moroccan Investment Development and Export Agency (AMDIE), Ali Seddiki, the deputy director of the Ministry of Economic Affairs and Climate Protection. President General of the General Confederation of Moroccan Enterprises (CGEM), Mehdi Tazi, and the Director General of Investments and Business Environment at the Ministry, Ghali Skalli.

The choice of Munich as the location for this conference, which brought together more than 200 participants from German and Moroccan businessmen living in Germany, can, according to the organisers, be explained by its status as the capital of Bavaria and its central role in the German economy. .

After Spain at the end of January, the 2024 tour to promote the destination of Morocco to foreign investors and clients continued in Germany as part of a Roadshow organized by AMDIE from April 22 to 25, in collaboration with the Moroccan Embassy in Germany.

This Roadshow takes place in a particular context marked by the launch of the ‘Morocco Offer’ and the realization of several strategic investment agreements in the electric battery sector aimed at the emergence of a national green automotive ecosystem, which could be consolidated with leading German operators.

The tour featured meetings with German decision-makers, investors and institutional representatives, as well as visits to sites of the largest German industrial companies in the field of electrical, electronic technologies and industrial automation.