Trade relations between Morocco and Israel experienced an unprecedented year in 2023, doubling their trade to reach $116.7 million, compared to $56.2 million in 2022, according to the Abraham Accord Peace report. Institute (AAPI).
This dynamic takes place in the context of increased recognition, marked in particular by the recognition of Morocco’s sovereignty over the Sahara by Israeli Prime Minister Benyamin Netanyahu.
The year was also punctuated by numerous visits by senior Israeli officials to Morocco, a sign of sustained bilateral rapprochement. However, the effects of the war on Gaza have begun to be felt, including a 32% drop in the number of Israeli tourists visiting Morocco in 2023 compared to the previous year, as well as the suspension of the airline’s flights. El Al and ministerial contacts.
The AAPI report highlights the rapid growth in trade under the Abraham Accords and highlights cooperation in diverse areas such as agriculture, innovation, and aerospace.
It recommends the opening of an Israeli trade office in Morocco and the exploration of a tripartite US-Morocco-Israel industrial zone to strengthen economic ties.
