The General Confederation of Moroccan Enterprises (CGEM) and the Israeli Business and Employers Association (IEBO) signed, Tuesday in Tel Aviv, a strategic partnership agreement, on the sidelines of the Israel-Morocco Economic Forum. Under this agreement, concluded by Chakib Alj, president of CGEM, Ron Tomer, president of IEBO and Manufactures Association of Israel and Uriel Lynn, president of the Federation of Israeli Chambers of Commerce – FICC), the stakeholders (actors from the Moroccan and Israeli business community represented respectively by the CGEM and IEBO) designate each other as the main channel and partner in the private sector of their respective countries and consult each other to undertake a set of joint actions according to their available resources.
Thus, they will pursue an open dialogue between the CGEM and IEBO to explore important topics concerning relations between Morocco and Israel, and contribute to the reciprocal expansion of trade, investment and technology development.
The parties also undertake to establish a channel of communication through a bilateral business council in order to promote cooperation between the two organizations and develop the exchange of information and experience on issues of common interest to the respective members. for the promotion of business development in both countries. This will be done in particular through the establishment of effective and systematic consultation and cooperation between the parties, particularly on trade and investment development policies.
It is also a question of exchanging information on economic subjects, legislation, sectoral and tourist data, in particular foreign trade, the customs and currency system and serving as local focal points for members’ requests. of both parties.
In addition, the CGEM and IEBO undertake to hold regular meetings to facilitate the exchange of views in order to revise the forecasts and application of this agreement, to encourage the exchange of trade missions, B2B events and trade missions, provide support to business missions of visiting delegations of the other party with reasonable preparation, as well as to encourage the establishment of Moroccan companies in Israel and Israeli companies in Morocco, operating in the priority sectors, which will be jointly defined.
In addition, the parties concerned will improve the exchange of commercial information on import and export activities, on research and development, on innovation and the possibilities of technological cooperation between the two countries, through the publication of documents concerning economic development, foreign trade and investment opportunities and policies, taxation and legislative changes of the two countries, in addition to encouraging a joint economic study on potential trade opportunities between the two countries and provide lists of importers/exporters from all sectors as requested.
Held on the sidelines of the inaugural Casablanca-Tel Aviv flight of Royal Air Maroc (RAM), the Israel-Morocco Economic Forum was attended by 80 Moroccan business leaders and more than 300 Israeli companies operating in different sectors such as agriculture, industry, health, education, renewable energies and water, with the aim of laying the groundwork for a strong, sustainable economic and commercial partnership that creates added value and employment.