Mexico, Morocco Sign MoU to Boost Trade and Investment Ties

In a move to strengthen economic and industrial cooperation and finance, the General Confederation of Moroccan Enterprises (CGEM) and Mexico’s Confederation of Industrial Chambers (CONCAMIN) signed a memorandum of understanding on Sept. 22.

The agreement, signed in Mexico City by CGEM President Chakib Alj, who is leading a delegation visit from Sept. 22-25, and CONCAMIN President Alejandro Malagón Barragán, aims to open new investment opportunities, diversify trade exchanges, and foster collaboration in industries of mutual interest.

The MoU outlines plans for joint industrial and commercial exhibitions, dialogue between business leaders, and policies designed to stimulate bilateral investment. A joint commission will be established to coordinate and monitor cooperation programs.

Alj said the agreement will support economic cooperation and expand ties between Morocco and Mexico’s private sectors in industries including automotive, agri-food, tourism, renewable energy, and technology. He added that Morocco has become Africa’s top automotive producer and a growing hub for aeronautics, textiles, pharmaceuticals, and food production, offering investors stability, infrastructure, and skilled labor.

Malagón highlighted opportunities for complementarity in the pharmaceutical and food sectors, citing Morocco’s recent growth and natural advantages as a partner for Mexico.

Both leaders emphasized that the framework lays the foundation for long-term bilateral and trade cooperation between the two nations.