Morocco-Egypt Agreement to Boost Trade Exchange and Strengthen Industrial Exports

ALDAR/

In a new development reflecting the growing economic ties between Morocco and Egypt, the recent ministerial meeting between officials from both countries resulted in a significant agreement aimed at boosting trade exchange and expanding industrial cooperation. As part of the deal, the number of Moroccan-made cars exported annually to the Egyptian market will increase to 8,000 units, up from the current 3,000. This marks a major step forward in the industrial partnership between the two nations.

The agreement demonstrates a shared ambition to facilitate the flow of Moroccan goods into Egypt and to broaden market access for Moroccan industrial products, particularly in the rapidly growing automotive sector. This sector in Morocco has seen considerable progress due to substantial investments, a skilled labor force, and advanced infrastructure.

Furthermore, both parties agreed to raise the total value of bilateral trade to $500 million by the end of 2026. This target is to be achieved through easier market access, reduced tariff and non-tariff barriers, and simplified procedures for the exchange of goods.

This initiative is part of a broader vision shared by Morocco and Egypt to reinforce economic cooperation on more balanced foundations, create new opportunities for investment, and deepen industrial integration—with the ultimate goal of establishing a strong regional economic partnership.

This move is also expected to strengthen the presence of Moroccan products in African and Arab markets, especially since Egypt’s large market can serve as a strategic gateway to broader markets in the Middle East and North Africa.