On Wednesday, the British government reiterated its dedication to strengthening ties with Morocco, praising the country as a “reliable ally.”
The statement was made by Ben Coleman, the UK’s Trade Envoy to Morocco and West Africa, at the 8th “Morocco Capital Markets Days” conference, which took place in London City—the heart of the nation’s finance sector.
Coleman expressed delight at the holding of this event, highlighting its significance in strengthening the financial connections between the British and Moroccan marketplaces.
The conference takes place during a period when significant opportunities are emerging to foster economic and trade ties between the UK and Morocco, two nations connected by a bond stretching over eight hundred years.
“As the Trade Envoy, my resolve remains firm to contribute towards bolstering investments and making sure that both Morocco and the UK can capitalize on the available opportunities,” Coleman stated in front of a gathering comprising diplomats, governmental authorities, and finance experts.
The representative highlighted the distinctive significance that the British administration places on its relationship with Morocco, seeking to strengthen the historical connections between the two monarchies and enhance their collaboration.
The two countries signed their first trade agreement in 1721, over three centuries ago, Coleman recalled, noting that since then, trade between Morocco and the UK has continued to grow.
Regarding the UK representative, the favorable progress in economic and commercial interactions between the two nations signifies mutual trust and aligns with their common objectives. He conveyed his belief that both countries possess ample potential to advance together.
“Our economies complement each other greatly,” he stated. “The ‘Morocco Capital Markets Days’ event will delve into methods for providing financial backing to enhance the economic ties between these nations,” he further explained.
Coleman also praised Morocco’s notable strides in infrastructure development, citing the expansion of the high-speed rail line (LGV) as a key example of transformative projects positioning the Kingdom for the 2030 FIFA World Cup, which it will co-host with Spain and Portugal.
The British official stated that these initiatives showcase Morocco’s vision and resolve, adding that the UK is eager to participate in the wave of advancement that the kingdom is currently undergoing.
The United Kingdom’sTrade Envoy highlighted the significance of the collaboration with Morocco for West Africa and wider regions. “Morocco serves as an excellent entry point into Africa.”
He similarly highlighted the significant part that the business sector must undertake in actualizing a Morocco-UK partnership which aligns with the ambitions and possibilities of both nations.
The 8th iteration of the Morocco Capital Markets Days will run through Friday in London. Over 34 publicly traded Moroccan firms along with various participants from the capital markets sector interact with important stakeholders in the city and establish collaborations.
The current year’s event is a component of the Morocco Business Weeks, taking place in London from April 28 to May 9. Its purpose is to showcase Morocco’s economic capabilities and enhance collaboration with the UK.
This event allows the Casablanca Stock Exchange to reinforce its dedication to linking the Moroccan capital market with key global financial hubs and boosting Morocco’s attractiveness for overseas investors.
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The UK confirms its dedication to strengthening ties with Morocco.
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