Morocco's CGEM to partner with Israel's IEBO to promote economic and trade relations

A strategic partnership agreement to promote economic and trade relations and technological development between Morocco and Israel was signed, on Monday, between Moroccan employers' body (CGEM ) and the Israeli Employers and Business Organizations (IEBO), the representative of the Israeli private sector.

Initialed by CGEM President Chakib Alj, President of IEBO and of Manufacturers Association of Israel (MAI) Ron Tomer as well as by President of the Federation of Israeli Chambers of Commerce (FICC) Uriel Lynn, this partnership will help establish an open and permanent dialogue between CGEM and IEBO, which will combine their efforts to create strong synergies between the respective business communities in key sectors. They will also 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 Alj on the sidelines of the signing ceremony.

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 only natural for us today to renew and strengthen the relationship between our two countries, by creating a real long-term partnership in favor of the promotion of trade cooperation», he underlined.

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 O'Hana on the Moroccan side.

The IEBO brings together the Manufacturers Association of Israel (MAI), the Federation of Israeli Chambers of Commerce (FICC) and the Israeli Agriculture Organization (IAO).