Morocco and Brazil are charting an ambitious path toward enhanced economic cooperation,with officials pledging to transform historical ties into concrete business opportunities during a high-profile forum in Marrakech on Wednesday.
Investment Minister Karim Zidane,addressing over 100 business executives and institutional leaders at the LIDE Forum,positioned Morocco as more than just an African gateway. “Morocco is a strategic crossroads between Europe,the Arab world,sub-Saharan Africa,and the Americas,” he emphasized,outlining the kingdom’s unique value proposition for Brazilian investors.
The economic relationship has shown promising growth,with bilateral trade tripling over two decades to reach $2.5 billion in 2023. However,Zidane acknowledged that cross-investment levels remain disappointingly low,representing untapped potential for both nations.
Under King Mohammed VI’s leadership,Morocco has cultivated several competitive advantages that make it attractive for Brazilian businesses. These include political and economic stability,world-class logistics infrastructure,a young skilled workforce,and preferential access to 2.5 billion consumers through more than 50 free trade agreements.
The forum,organized by LIDE Group,featured former Brazilian President Michel Temer alongside ministers,diplomats,and business leaders. Panel discussions explored opportunities across diverse sectors including agribusiness,aeronautics,energy transition,commerce,tourism,technology,and services.
“Morocco and Brazil share more than ancient history — we have a common vision of the future,” Zidane stated,emphasizing that progress comes through investment and cooperation built on trust. The gathering demonstrated both countries’ commitment to moving beyond traditional diplomatic relations toward substantive economic partnerships.
The Marrakech meeting represents a significant step in elevating South-South cooperation,with both nations seeking to leverage their complementary strengths for mutual prosperity.
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