Morocco and Spain are betting on renewing their strategic and multidimensional partnership, especially in the economic aspect.
Moncloa newspaper praised the promising partnership and momentum witnessed in bilateral relations between the two countries, considering that the Kingdom is Spain’s third market outside the European Union, after the United Kingdom and America.
The newspaper confirmed in its report that trade exchanges between the two countries reached record numbers amounting to 20 billion euros, so Spain is betting on achieving economic integration with Morocco by 2030.
Moncloa newspaper added that the government of Pedro Sanchez is betting, during the new legislative council, on continuing progress in building a new phase in relations between Spain and Morocco, at all levels.
The Spanish Minister of Foreign Affairs, José Manuel Albarez, had previously confirmed that Morocco is an “indispensable” trading partner for Madrid.
Albarez explained that trade relations between Morocco and Spain have witnessed an important development, as Madrid is Morocco’s number one customer, while Morocco is Spain’s third global supplier.