Spain and Morocco will hold their first bilateral summit in eight years on Thursday as they seek to strengthen economic ties and build on a diplomatic truce reached last year after disputes over migration and territory.
Spain, Morocco forge economic ties as Western Sahara policy reversal eases tensions
RABAT, Feb 2 (Reuters) –
Spain and Morocco will hold their first bilateral summit in eight years on Thursday as they seek to strengthen economic ties and build on a diplomatic truce reached last year after disputes over migration and territory.
Prime Minister Pedro Sanchez and 12 members of his cabinet will meet their counterparts in Rabat to sign as many as 20 agreements to boost trade and investment, including credit lines of up to 800 million euros ($873 million), and bring the two countries closer together in areas beyond migration.
Bilateral trade rose to 17 billion euros in 2022, making Spain Morocco’s biggest trade partner.