UK trade commissioner for Africa John Humphrey has described Morocco “a gateway to Africa and a key business partner for the United Kingdom”.
Commenting his meeting held Tuesday in London with Moroccan Ambassador to the UK Hakim Hajoui, John Humphrey said, in his twitter account, that talks with the Moroccan ambassador focused on ways of strengthening further the £2.9 billion trading relationship, specifically in education, technology and innovation.
Following its exit from the European Union, UK signed with Morocco and several other countries trade agreements to ensure continuity of trade exchanges, services, and economic cooperation ties.
To promote UK and Moroccan trade, UK export finance agency (UKEF) had announced in 2022 a £4 billion funding for overseas buyers of UK goods and services to strengthen the trade relationship between the UK and Morocco.
The North African Kingdom offers a range of opportunities for UK businesses, such as potential projects in energy transition, water desalination, and infrastructure, including rail, roads, ports and airports to boost the domestic economy through new transport links.
Data of UK National Office of Statistics (ONS) showed that UK–Morocco trade is booming. In 2021, UK exports to Morocco were up +62.9% to reach a value of £1.2bn , while UK imports from the North African Kingdom rose +50.5% to £1.5bn.
