The UAE and Morocco have finalized a Comprehensive Economic Partnership Agreement, aimed at boosting bilateral trade and investment ties, helping the UAE reach its non-oil foreign trade target of Dh4 trillion ($1 trillion). This deal will facilitate the free flow of goods and services by reducing or eliminating tariffs, removing unnecessary trade barriers, and enhancing market access for services, according to state news agency WAM. Additionally, it will create platforms for investment and private-sector collaboration in key sectors such as renewable energy, tourism, infrastructure, mining, food security, transport, logistics, and information and communications technology.

Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, highlighted that the UAE and Morocco already share strong bilateral economic relations, and this agreement will further develop mutual benefits in sectors like tourism, energy, manufacturing, and agriculture. In 2022, non-oil trade between the two countries reached $1.3 billion, a 30% increase from the previous year. The UAE is also the largest Arab investor in Morocco, with over $15 billion invested in various strategic projects. Morocco's Minister of Industry and Trade, Ryad Mezzour, emphasized that the agreement aims to enhance trade and investment by opening new opportunities for economic and commercial collaboration.