The Morocco-France Business Forum recently hosted a significant meeting between Moroccan Minister of the Economy, Nadia Fettah Alaoui, and French Minister of the Economy, Bruno Le Maire. This encounter represents a pivotal moment in the economic relations between the two countries, signifying a revival of their long-standing ties.
Held under the theme of “reconstruction of relations,” the event showcased the shared commitment of both nations to fortify their economic collaboration. The warm reception extended to Bruno Le Maire during his third visit to Morocco underscores the depth and significance of the bilateral relations between the two countries.
In her address, Nadia Fettah Alaoui emphasized the importance of dialogue and exchange in fostering a robust economic community across the Mediterranean. She underscored the dynamism of the Franco-Moroccan economic partnership and acknowledged the presence of numerous economic stakeholders in the forum, reflecting a collective dedication to enhancing economic connections.
On the French side, Bruno Le Maire expressed a strong interest in partnering with Morocco in the realm of low-carbon energy. He proposed funding an energy transmission line between Dakhla and Casablanca and expressed readiness to collaborate with Morocco in green hydrogen, wind power, solar energy, and potentially nuclear power. This forward-looking approach signals a mutual intent to broaden and deepen economic ties.
Following the meeting, three significant announcements were made. The French Development Agency pledged a 350 million euros loan to the Cherifian Phosphate Office for investments in green hydrogen in Morocco. Additionally, Bpifrance, Innov solar and new energies, Iresen, and Satt Paris-Saclay committed to a joint research and innovation program focused on carbon-free hydrogen.
The ministerial summit between Moroccan and French Economy Ministers marks a crucial milestone in reinforcing economic relations between the two countries. It opens up new avenues for collaboration in the field of carbon-free energy and underscores the shared aspiration to construct a sustainable economic and ecological future for both sides of the Mediterranean.
Here are the most relevant external articles providing additional insights on the subject:
1. French Source on the Event