Morocco, Israel sign trade cooperation deal

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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.

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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.

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