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Israel hopes to triple trade with Morocco

Israel and Morocco have signed a trade and investment cooperation agreement, with Israel aspiring to enlarge its annual trade volume with Morocco from $131 million to $500 million.
Israel Morocco

Israel and Morocco signed a trade and investment cooperation deal yesterday. The two countries agreed to develop bilateral economic and trade relations, increase cooperation, hold joint conferences, put in place some customs exemptions and establish a joint committee to implement the measures.

Israel’s Trade and Industry Minister Orna Barbivai said, “The economic cooperation agreement is designed to bring about economic growth and prosperity for Israel and Morocco. By working together we will realize the latent economic potential in bilateral relations, increase the scope of trade and strengthen technological cooperation alongside rapprochement between the peoples.”

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