Morocco enhances trade relations with the UK during London summit

Friday 09 May 2025 - 08:50

By: Dakir Madiha

Morocco enhances trade relations with the UK during London summit

The British government has reaffirmed its commitment to strengthening ties with Morocco during the recent Morocco Capital Markets Days conference held in London’s financial district.

Ben Coleman, the UK’s Trade Envoy to Morocco and West Africa, representing Prime Minister Keir Starmer, characterized Morocco as a “trusted partner,” emphasizing that the relationship is at a promising juncture. “The UK government is fully committed to taking our ties with Morocco further,” Coleman remarked, welcoming the event's return to the City as an opportune moment for both nations to deepen cooperation in finance and investment.

Coleman highlighted the historical context of the relationship, recalling over eight centuries of diplomatic and commercial interactions. He referenced the first trade agreement signed in 1721, which laid the groundwork for a steadily growing partnership. “We need to build on that heritage and keep moving forward,” he stated.

The eighth edition of Morocco Capital Markets Days has brought together more than 34 Moroccan listed companies in London to engage with international investors, institutions, and market participants. This event, part of the broader Morocco Business Weeks initiative running from April 28 to May 9, aims to encourage synergy between the Moroccan and UK business communities.

Coleman sees the significance of the gathering extending beyond financial transactions. He believes it serves as a platform to foster deeper connections among business leaders, stimulate investment, and explore new collaborative projects. “Our economies complement each other,” he noted, asserting that both nations possess the tools and ambition needed to elevate this partnership.

The rapid development within Morocco, particularly in infrastructure, has not gone unnoticed. Coleman cited the expansion of the high-speed rail network as a testament to the country’s progress, especially in light of the upcoming 2030 FIFA World Cup, which Morocco will co-host with Spain and Portugal.

Moreover, Coleman described Morocco as a strategic bridge to the African continent, offering a gateway to West Africa and beyond. He underscored the importance of enhanced cooperation not only between governments but also among entrepreneurs and investors.

The conference, supported by Morocco’s embassy in London, features over 160 one-on-one meetings between Moroccan companies and international investors. The Casablanca Stock Exchange, which co-organizes the event, views it as a pivotal step toward integrating Morocco’s capital market with global platforms.