Trade: The United Kingdom “determined” to strengthen its trade with Morocco

Hibapress

The United Kingdom is “determined” to strengthen its trade with Morocco, which has almost doubled over the past year, said British Minister of State for Business and Trade Nigel Huddleston on Thursday.

In 2022, we achieved bilateral trade worth 3.1 billion pounds sterling, an increase of almost 50% compared to 2021, said the British official, ensuring that London uses the agreement to association with Morocco to “stimulate these exchanges even further”.

In an address to the British Parliament, Mr. Huddleston recalled that during his visit to the Kingdom in February, he examined with his counterpart ways to maximize trade, in particular by removing obstacles in priority areas such as education, renewable energy and infrastructure.

“We are also helping British businesses take advantage of the considerable opportunities available in Morocco, notably thanks to the £4.5 billion of financing” available through the economy financing program, he concluded.

The Association Agreement between Morocco and the United Kingdom, signed in London on October 26, 2019, entered into force on January 1, 2021.

It restores, in the context of bilateral relations, all the effects that the two countries granted to each other, mutually, within the framework of the Morocco-EU Association Agreement. It thus ensures the continuity of trade between Morocco and the United Kingdom after December 31, 2020.