Business
Morocco–Spain: Bilateral Trade Reaches a Record €21 Billion
The Spanish Minister of Foreign Affairs, European Union and Cooperation highlighted the intensity of economic exchanges, noting that the volume of bilateral trade has reached a record €21 billion, illustrating the growing dynamism of commercial relations between the two Kingdoms.
Spanish Minister of Foreign Affairs, European Union and Cooperation José Manuel Albares said that the relationship between Spain and Morocco is “one of the strongest in the world,” underscoring the depth of the partnership between the two countries.
In an interview with the daily newspaper El Periódico, Spain’s top diplomat gave a positive assessment of bilateral cooperation, stating that ties between Rabat and Madrid are currently experiencing their “best moment in history.”
Albares particularly highlighted the intensity of economic exchanges, noting that bilateral trade has reached a record level of €21 billion, reflecting the growing dynamism of commercial relations between the two Kingdoms.
On the security front, he praised “exemplary cooperation” in the policing and judicial spheres, assuring that this close coordination plays a decisive role in effectively managing irregular migration flows and strengthening shared security.
The minister also emphasized the strategic importance of Morocco, Spain and Portugal co-hosting the 2030 FIFA World Cup, a project he described as a “major driver” of closer ties and regional cooperation.
Finally, Albares stressed the human and cultural dimension of this bilateral relationship, recalling that Morocco hosts the largest network of Cervantes Institutes in the world, a reflection of vibrant cultural exchanges and the close links between the two societies.
