Morocco and Japan are moving toward deepening economic ties as officials signed a Memorandum of Cooperation on Wednesday that would bolster investment between the two countries. Morocco’s Minister Delegate in charge of investment, Karim Zidane, and Japan’s Minister of Economy, Yoji Muto, signed the agreement in Tokyo.
The new MOU is intended to strengthen economic relations, open avenues for new collaboration, and promote the exchange of expertise and best practices.
The signing took place during a high-profile Moroccan delegation visit to Japan and South Korea led by the Moroccan minister delegate.
Organized by the Moroccan Ministry of Investment and the Moroccan Investment and Export Development Agency (AMDIE), the trade roadshow should enhance bilateral economic relations and highlight Morocco’s strategic advantages as a prime destination for foreign direct investment (FDI).
Yesterday[?], Moroccan officials met with leading Japanese trade groups, including Keidanren (Japan Business Federation), the Japan Bank for International Cooperation (JBIC), and the Japan External Trade Organization (JETRO). A discussion focused on collaboration in key sectors, such as automotive, aerospace, agribusiness, and renewable energy. The delegation also met with executives from major Japanese companies to explore opportunities to expand their investments in Morocco.
The Moroccan delegation will take its roadshow to South Korea’s capital Seoul on Thursday. The agenda includes a “Morocco Now” conference to showcase Morocco’s investment appeal and underscore its strengths in areas such as infrastructure, logistics, and trade connectivity.
The delegation also plans to meet with leaders from South Korea’s automotive, aerospace, electronics, railway, and shipbuilding industries to discuss potential investment projects in Morocco.