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
Speedinvest, the Vienna VC firm, opened its first dedicated MEA fund last week, anchored by EIB Global, Mubadala and Qatar Investment...
Funding targets financial inclusion through Morocco’s insurance sector Program focuses on underserved populations, including women and...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took over Servair's Ivorian fast-food business hours...
Bank of Africa Senegal Q1 profit rises 9.7% to 5.7bn CFA Revenue and interest income growth drive higher operating income Loans, deposits...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
03

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
04

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
05

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
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.