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Publication director: Mohamed Khartouf
World

Morocco-Belgium: Ways to strengthen economic relations

The Morocco-Belgium economic meeting, which was held this Tuesday at the CGEM headquarters, highlighted the different possibilities available to the two countries to further strengthen bilateral economic relations. Advantages offered by each country, regulatory developments and business climate, current business opportunities… So many subjects covered during this day which brought together politicians and businessmen.

Objective achieved for the Morocco-Belgium meeting which was held today at the headquarters of the General Confederation of Moroccan Enterprises (CGEM). The purpose of the meeting was to present the business climate in Morocco and Belgium and to draw up a table of investment opportunities in promising sectors, with a view to establishing new partnerships and strengthening economic cooperation between the two Kingdoms. This economic cooperation, as recalled by Chakib Alj, president of the General Confederation of Moroccan Enterprises, “currently rests on solid fundamentals”. And to add that in addition to “the will and the political framework, there is a significant network of Belgian companies in Morocco in various strategic sectors as well as a large Moroccan diaspora established in Belgium of around half a million people”. Indeed, Moroccans constitute the second community of foreign origin in the country. A diaspora that represents significant entrepreneurial potential. Stability, climate, land… considerable assets For the boss of bosses, there is still work to be done to develop relations between the two countries: “If we look at certain figures, we see that we can go further,” explains Alj. This is for example the case of trade: 2.5 billion DH, in 2023. Which does not really reflect the potential that exists between the two countries. For his part, Ryad Mezzour, Minister of Industry and Trade, recalled that “what we are doing is very supported by the government”. And to assure that “we want your investments to be a success”. A desire that manifests itself through concrete actions, explains Mezzour.

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