Morocco / Mali: Driving a new dynamic in bilateral economic relations.

On Monday 8th March 2018 in Rabat, Mr Moulay Hafid Elalamy, Minister of Industry, Investment, Trade and the Digital Economy met Mr. Boubou Cissé, Minister of Economy and Finance of Mali, as part of the working visit of the Malian Prime Minister to Morocco on 8th and 9th March 2018.

The two sides welcomed the excellent relations between the two countries and the particular dynamism that characterizes them, driven by the official visits of His Majesty King Mohammed VI to Mali.

The total volume of trade between the two countries reached 850.5 million dirhams in 2016, making Mali the 19th largest African supplier to Morocco (39.3 million dirhams) and its 10th largest customer (811.2 million dirhams).

In this respect, the two parties agree on the need to further boost trade and foster commercial interaction by making full use of the potential presented by both sides.

The meeting was also an opportunity to take stock of bilateral economic relations, enhanced by the protocol of industrial cooperation, signed during the Royal visit to Mali in February 2016, which aims to develop the economic partnership and investment and promote technical cooperation in the industrial field.

In this regard, the two leaders agreed to foster closer ties between the business communities of the two countries to exploit investment opportunities in sectors with high growth potential, particularly in the textile and agri-food sectors.