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
Mobile microloans reach 897,021 in CEMAC, totaling CFA14.45 billion Growth driven by mobile money expansion, fintech partnerships, automated...
Letshego Africa Holdings, a Botswana-based financial services group listed on the Botswana Stock Exchange, signed agreements with Axian Digital...
First RMBS listing on BRVM backed by NSIA Banque Côte d’Ivoire CFA10 billion securitization aims to expand housing finance Move seeks to deepen...
Holmarcom to acquire BNP Paribas 67% stake in BMCI Deal pending approvals, expected to close Q4 2026 Move strengthens Holmarcom...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...

Chinese Automaker Jetour to assemble SUVs in South Africa from 2027
05

Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...

Ecobank's Quiet Inclusion in the AfDB Mission Reshapes the Abidjan-Lagos Corridor Story
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.