Egypt, Morocco to boost trade exchange

Trade exchange between Egypt and Morocco has notably improved over the last period, though it is still below potential, Osama Geneidy board member of the Egyptian-Moroccan Businessmen Association said Saturday.

He said that trade between both countries could be easily boosted in light of a great potential, adding that trade exchange between Egypt and Morocco stands at $700 million, of which $400 million are Egypt’s exports.

Geneidy said that the association has organized two visits to Morocco, which resulted in several meetings with Moroccan businessmen and the signing of a protocol agreement with Morocco’s Trade and Industry Chamber.

He added that Moroccan businessmen are following up on Egypt’s reform measures that aim at encouraging investment.