Casablanca: Morocco is a strategic pole for Hungarian companies seeking to open up to Africa, particularly for exports and investments in North and West African markets, Deputy Secretary of State at Hungary’s Ministry of Foreign Affairs and Trade Katalin Bihari said on Wednesday in Casablanca.
According to Agence Marocaine De Presse, speaking at the Morocco-Hungary Economic Forum, initiated by the General Confederation of Moroccan Companies (CGEM) in collaboration with the Hungarian Export Promotion Agency (HEPA), Bihari stressed that diversifying and facilitating trade relies on companies’ commitment. In this sense, she affirmed that this forum reflects the growing interest and cooperation between Moroccan and Hungarian companies, and favors deepening existing partnerships as well as exploring new paths of trade diversification.
‘The presence of 13 Hungarian organizations, comprising 11 companies and two other entities, and 43 Moroccans, ready to explore partnerships, is a strong sign of this dynamic,’ Bihari stated. For his part, CGEM President Chakib Alj deemed the participation of Moroccan and Hungarian economic players from various sectors (industry, agri-food, technology, water management, construction and infrastructure) at this forum a demonstration of shared commitment to innovation, sustainability and mutual benefits.
He noted that Morocco’s progress in renewable energies (RE) and infrastructure promotion provided fruitful ground for Hungarian investment. In addition, the Hungarian delegation, made of several businessmen and representatives from various sectors, took part in bilateral discussions to explore concrete ways of cooperation.
Part of the 5th Morocco-Hungary Joint Economic Commission, this Economic Forum aims to strengthen trade and promote cross-investment for shared prosperity between the two countries.