Latest news with #ASMEX
Morocco World
13-05-2025
- Automotive
- Morocco World
Morocco Eyes Major Export Boost to Egypt, Targets $500 Million by 2027
Rabat – Morocco is set to dramatically increase its exports to Egypt, with officials projecting a jump from MAD 755 million ($75 million) to MAD 5 billion ($500 million) within the next three years. The ambitious goal comes after a high-stakes trade mission and signals a new phase in economic ties between the two North African nations. Omar Hejira, the Secretary of State in charge of Foreign Trade, revealed the forecast during a parliamentary session on Monday. He fielded a question from the National Rally of Independents (RNI) party, which sought updates on efforts to strengthen Morocco's export presence in Egypt. The push follows a recent visit by a 40-strong Moroccan trade delegation to Cairo, where executives and exporters held over 200 meetings with Egyptian counterparts. Hejira initiated the mission himself, with Moroccan Confederation of Exporters (ASMEX) President Hassan Sentissi El Idrissi at the helm of the delegation, whose sole goal to promote the 'Made in Morocco' label. The talks led to preliminary deals, with the two sides now working to finalize agreements in key sectors. The visit builds on recent talks with Egyptian officials. In April, the Egyptian ambassador visited ASMEX headquarters, followed by a successful 'Egypt Country Zoom' event where participants learned about market opportunities and how to dip their toes into the Egyptian market. During the parliamentary talks, Hejira also pointed to the automotive industry as a standout success story. Moroccan car exports to Egypt have already soared from just 400 units to 3,000, a figure that could climb to 5,000 by year's end and reach 8,000 by 2026. Calling Morocco-Egypt trade 'a model of Arab cooperation,' Hajira stressed the countries' historical bonds and mutual economic interests. The fivefold export expansion, if achieved, would mark a major milestone in Morocco's strategy to grow its African and Arab trade networks, and solidify its role as a key economic bridge between continents. Tags: economyMorocco exportsMorocco tradeMorocco-Egypttradetrade ties
Morocco World
03-05-2025
- Business
- Morocco World
Moroccan Exporters Head to Egypt to Boost Trade Ties
Rabat — In a move to boost trade relations between Morocco and Egypt, exporters from the North African country are set to visit Cairo this weekend. The delegation is expected to explore new business opportunities, according to the Moroccan Confederation of Exporters (ASMEX). The delegation of 35 business leaders is traveling to the Egyptian capital from May 3-5, 2025. Initiated by the Secretary of State for Foreign Trade Omar Hejira, ASMEX President Hassan Sentissi El Idrissi is leading the mission with the aim to promote 'Made in Morocco' products. 'This mission is the result of long-term strategic work carried out by ASMEX with determination and vision,' said a confederation's spokesperson. The visit builds on recent talks with Egyptian officials. In April, the Egyptian ambassador visited ASMEX headquarters, followed by a successful 'Egypt Country Zoom' event where participants learned about market opportunities and how to enter the Egyptian market. Business leaders and the press praised these initiatives, which showcase ASMEX's commitment to promoting national exports and addressing industry needs. Through its president's consistent leadership, the Confederation demonstrates its ability to unite, prepare, and support companies through strategic partnerships rather than improvised approaches. ASMEX stressed that a successful economic mission depends on careful preparation, representative participation (exclusively exporters in this case), and clear objectives. The organization continues its responsible mission to support Moroccan exporters while defending its role as a leader in the country's economic diplomacy. The two countries have recently been intensifying bilateral economic ties. Morocco and Egypt have recently pledged to fortify bilateral trade relations through a newfound Egyptian 'Fast Track' system. The system is set to streamline access for Moroccan exports into Egyptian markets, establishing concrete mechanisms to facilitate trade, including a direct communication line to address obstacles between the two nations. Read also: Morocco, Egypt Pledge to Strengthen Bilateral Ties Tags: Morocco Egypt TradeMorocco tradeMorocco-Egypttrade
Ya Biladi
03-05-2025
- Business
- Ya Biladi
Moroccan exporters embark on strategic trade mission to Egypt
The Moroccan Exporters' Confederation (ASMEX) has announced that a major delegation of Moroccan exporters will be visiting Cairo, Egypt, from May 3 to 5, in a trade mission. The goal is to strengthen commercial ties and explore new market opportunities in Egypt. The mission, initiated by Secretary of State for Foreign Trade Omar Hejira and led by ASMEX President Hassan Sentissi El Idrissi, is the result of a long-term strategic effort. According to a statement from the Confederation, the initiative—meticulously prepared and driven by ASMEX—demonstrates a strong commitment to promoting Made in Morocco products. Bringing together 35 business leaders from key export sectors, the mission follows a series of high-level exchanges with Egyptian authorities, which began in April with a visit from the Egyptian ambassador to ASMEX's headquarters. This was followed by the successful «Zoom Egypt» event, which offered participants valuable insights into the Egyptian market and how to access it. The momentum generated by these efforts, welcomed by business operators and widely reported in the media, reinforces ASMEX's pivotal role in advancing Morocco's export agenda and anticipating the needs of its productive sectors. Thanks to the ongoing leadership of its president, the Confederation continues to showcase its ability to mobilize, guide, and support Moroccan companies within a strategic partnership framework—far from any improvised approaches. In this regard, ASMEX emphasizes that the success of any trade mission depends on thorough preparation, the representativeness of the delegation—composed exclusively of exporters in this case—and clearly defined objectives.
