Morocco, Greece partner to establish chamber of commerce in Athens to boost trade

MOROCCOMorocco and Greece have partnered to establish the Greek-Moroccan Chamber of Commerce and Business Development in Athens to boost trade among the two countries.

A report by Morocco World News reported that the Chamber of Commerce supported by companies from the two countries, will offer a number of services to businesses, including investment and trade information and a wide-range of relevant contacts.

The chamber of commerce will also serve as a source of reference and resources for Moroccan companies in Greece and Greek companies in Morocco.

The Greek-Moroccan Chamber of Entrepreneurial Cooperation, founded and chaired by Rubina Markopoulou, will have the prerogative to collaborate with similar and counterpart organizations in Morocco and Greece.

It will also offer networking opportunities and B2B meetings benefiting economic actors in both countries, thanks to the strategic partnership between Morocco and the European Union.

The Moroccan Embassy in Greece revealed that the creation of the Chamber and the projects’ approval from the Greek General Register of Commerce happened more than a year of working toward its formation.

The embassy noted that the initiative was carried out despite challenges presented by the COVID-19 pandemic.

Traditionally, relations between Morocco and Greece have been positive given that both countries are members of the Francophonie organization and the Union of the Mediteranian.

In mid-January of this year, Greek Minister of Foreign Affairs Nikos Dendias visited Morocco to discuss the countries’ common interests and bilateral cooperation.

Dendias described the relationship between Morocco and Greece as “excellent” and expressed its support over strengthening Morocco’s ties with the European Union.

Furthermore, the Minister highlighted Morocco’s critical role in the Middle East and North African region noting that Greece recognized the constructive role of Morocco in the Arab world and in North Africa.

Greece exports to Morocco was US$95.48 Million during 2019, according to the United Nations COMTRADE database on international trade.

On its part, Morocco exported to Greece goods worth US$43.96 Million during 2019, according to the United Nations COMTRADE database on international trade.

Morocco’s exports include a diverse number of products mainly from the agricultural sector.

Greece on the other hand, exports to Morocco a wide range of products ranging from mineral oils, petrochemicals, steel, pharmaceuticals, electrical equipment, and stationery among others.

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