Courtesy of JNS The flags of Israel and Morocco.

Courtesy of JNS

The flags of Israel and Morocco.

(JNS)  Jerusalem and Rabat have signed a strategic accord worth hundreds of millions of dollars, Israel Hayom has learned.

The heads of the Israel Manufacturers Association, the Israel Farmers Federation and the Israeli Federation of the Chambers of Commerce signed the unprecedented agreement with the General Confederation of Moroccan Enterprises, also known as CGEM, on March 27.

According to Zeev Lavie, director of international trade at the Federation of Chambers of Commerce, “The leading fields of trade will be food and agriculture, spare parts and vehicles, chemicals and mechanical equipment. On the other hand, Morocco looks forward to various technologies in the renewable energy fields, water treatments, agriculture and health.”

According to the Federation of Israeli Chambers of Commerce President Uriel Lynn, “Israel and Morocco have special and long-term ties. Morocco has always been a natural destination for bolstering Israel’s collaboration in all fields of life, and certainly in the economic field. The Israeli market can enjoy cooperation with Morocco, which is situated between the European continent and Africa, and can serve as a bridge for Israeli companies for activity in the northern Sahara and the African continent.”

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