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
Guizhou Tyre plans a nearly $300 million tire plant in northern Morocco The factory will produce 6 million passenger vehicle tires per year The...
Fidelity Bank raised 259 billion naira, lifting eligible capital above CBN requirements First Bank of Nigeria also confirmed compliance after multiple...
Carrefour signed a franchise and supply agreement to enter Ethiopia with Midroc’s Queens Supermarket PLC. The partners will convert 13 existing stores...
Ecobank Nigeria repaid about $245 million, or more than 80%, of its $300 million Eurobond due in February 2026. The early repayment reduced...
Most Read
01

Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...

Ethiopia Secures Preliminary Eurobond Restructuring Deal With Private Investors
02

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
03

Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...

Africa’s Artificial Intelligence Moment : Infrastructure, Governance and the Path to Scale
04

Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...

Flutterwave Adds Open Banking With Mono Acquisition
05

African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...

Africa’s Billionaires Post Strong Gains as Global Wealth Hits Record
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.