Signing of a trade agreement between Israel and Morocco

To further strengthen their trade relations, Morocco and Israel signed a protocol to better establish the cooperative trade arena initiated since the normalization of their relations on December 10, 2020. It must be believed that the two states were quick to go into work in eighteen months.

Indeed, this Monday, July 18, 2022, the Kingdom of Morocco and the State of Israel signed their first official memorandum of understanding on intellectual property in Geneva, in an approach that will both stimulate innovation and strengthen the entrepreneurial relations between the innovators of the two countries, understands “The Jerusalem Post“. And the electronic platform to do even in humor! What goes better with a falafel than a huge pile of couscous and a healthy dose of business cooperation? Honestly, a lot of things – even just fries – but don’t tell Israel or Morocco.

The agreement, the media tells us, was signed by the executive director of the Israel Patent Office (Ministry of Justice), Adv. Ofir Alon and the Director General of the Moroccan Office of Industrial and Commercial Property, Abdelaziz Babqiqi. The signing took place on the sidelines of the sixty-third series of meetings of the Assemblies of the Member States of the World Intellectual Property Organization in Geneva (WIPO), in the presence of the Director General of WIPO, Daren Tang.

Following the signing of the Memorandum of Understanding on Monday, Ambassador Omar Zniber, Permanent Representative of Morocco to the United Nations in Geneva, stressed the importance of this step in the trade relations between nations, stating “This memorandum of understanding is testimony to our desire to develop our cooperation and partnership in innovation, creativity and high technology, targeting fundamental areas for Israel and Morocco, such as water governance, agriculture, science, technology and competitiveness”.

While his Israeli counterpart in Geneva, Meirav Eilon Shahar replied to him. ” This agreement will enable entrepreneurs and innovators to build a more prosperous and sustainable future for future generations in Israel and Morocco. We appreciate this bilateral cooperation and will endeavor to extend it to the whole multilateral scene from Geneva..

The tacitly renewable protocol (every five years) will promote cooperation between the two countries in the field of the protection of industrial property, a subset of intellectual property that concerns patents, trademarks, names and trade names, protection against unfair competition and a host of other topics. In addition, it will allow the sharing of information between the intellectual property offices of the two countries, while providing assistance to small and medium-sized enterprises wishing to protect their industrial property.

That being so, it is quite logical that Morocco and Israel commit themselves in this way. Several international conferences have, indeed, been organized upstream with this success allowing the key to promote the rapprochement of entrepreneurs and investors of the two countries. The Morocco-Israel Connect to Innovate conference in Casablanca is the very illustration of these excellent relations, it had already allowed the signing of more than 13 memorandums of understanding in order to establish an increasingly tight cooperation network. between Israeli start-ups and their Moroccan counterparts.

.

Previous Post Next Post