Public Management

Morocco, Israel ink deal to mark complete diplomatic relations

Morocco, Israel ink deal to mark complete diplomatic relations
Wednesday, 23 December 2020 14:34

Israel and Morocco continue the process of warming their relations, which officially started a few days ago. On Tuesday, December 22, they signed an agreement to quickly establish "full" diplomatic relations.
According to the declaration, the two countries agreed to "resume without delay full official contacts and to establish full, peaceful and friendly diplomatic relations.”

The document lays the foundation for better cooperation between the two countries. It encompasses several sectors such as trade, finance and investment, innovation and technology, civil aviation, visas and consular services, tourism, water, agriculture, and food security among others.

The statement comes as the two countries inaugurated their first direct commercial flight on December 22, with Jared Kushner, advisor to U.S. President Donald Trump, on board.

His arrival in Rabat with the Israeli National Security Advisor, Meir Ben-Shabbat, underlines the important role played by the U.S. in this diplomatic rapprochement which also involved the recognition by Washington of Moroccan sovereignty over the disputed territory of Western Sahara.

"The United States will encourage economic and social development with Morocco, including in the territory of Western Sahara," said the new tripartite declaration. To this end, the United States will open a consulate in the territory of Western Sahara, in Dakhla, to promote economic and commercial opportunities for the region," the document revealed.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Santam secures license to open reinsurance branch in India’s GIFT City Becomes first BRICS-based insurer to establish reinsurance presence there Move...
Proparco grants 9 billion naira guarantee to support MSME lending Risk-sharing tool could unlock up to 18 billion naira in loans over two years Move...
Coris Holding confirmed its plan to enter Gabon’s banking market after expanding into Chad in 2024. BGFIBank Gabon granted 71.29% of new loans in the...
Driven by surging valuations and economic reforms, Nigeria’s capital market now accounts for 33% of GDP, with total capitalization up 125% in less than...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
03

Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...

Nigeria: Investigation on Chinese Owned Temu Regarding Privacy Breach Concerns for Local Users
04

West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...

BOAD Launches 2026–2030 Strategy With Boston Consulting Group Support
05

The fast-growing installment payment market is set to expand sharply across the continent, even as s...

Africa’s ‘Buy Now, Pay Later’ Market to Triple to $16.8 Billion by 2031, Report Says
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.