Morocco and Israel on Monday signed a trade agreement to facilitate investments as the two countries look to broaden cooperation since they normalized relations in 2020.
For the latest headlines, follow our Google News channel online or via the app.
The deal was signed in Rabat by Israeli Economy Minister Orna Barbivai and Moroccan Trade Minister Ryad Mezzour.
Barbivai told a news conference Israel aspires to increase trade with Morocco from $131 million currently to $500 million “soon.”
Morocco was one of four Arab countries – along with the United Arab Emirates, Bahrain and Sudan – to move towards normalizing ties with Israel last year under US-engineered accords.
Read more:
Israeli minister to sign trade deal during Morocco visit next week
Israel says it hopes for ties with Saudi Arabia, Indonesia, but no deals imminent
Israel’s president to make first-ever state visit to UAE