Minister Prasad Visit
: India–Morocco Strengthen Economic Partnership;
Target to Double Bilateral Trade in Five Years
Ø Prasada Strengthens India–Morocco Economic
Partnership; 7th Joint Commission Gives Fresh Momentum to Trade and Investment Cooperation
Ø India–Morocco Agree to Double Bilateral
Trade in Five Years; Joint Working Group to Explore Preferential Trade Agreement
Ø India–Morocco to Mark 70th Anniversary
of Diplomatic Relations in 2027; 8th Joint Commission to be Held in New Delhi
Ø Jitin Prasada Invites Moroccan Businesses
to Invest in India; Highlights Opportunities in AI, EVs, Renewable Energy, Healthcare
and Pharmaceuticals
·
7th India–Morocco Joint Commission: MoS Jitin Prasada
co-chaired the meeting during his official visit to Morocco on 24–25 August 2026.
·
Trade target: India and Morocco agreed to double
bilateral trade over the next five years; bilateral trade was around USD
4 billion in 2025.
·
Preferential Trade Agreement: A Joint Working
Group (JWG) will explore the feasibility of a bilateral Preferential Trade
Agreement (PTA) and examine tariff/non-tariff barriers.
·
Priority trade sectors: Fertilisers
& chemicals, minerals, machinery, electrical equipment, automobiles, building
materials, polymers, agri-food, tea, metals and tourism were identified for greater
cooperation.
·
Pharmaceuticals: Both sides agreed to address regulatory
and market-access issues, including market authorisation
procedures and approval timelines for Indian pharmaceutical companies.
·
Agriculture & food safety: Cooperation
will expand in sustainable agriculture, food security, SPS measures, food safety,
agricultural research, biotechnology and digital agriculture.
·
Food Safety MoU: ONSSA (Morocco) and FSSAI (India)
signed an MoU covering information exchange, technical expertise, best practices
and capacity building to facilitate safe bilateral trade.
·
Investment opportunities: Morocco was
invited to invest in India, particularly in automotive/EVs, AI, renewable energy,
start-ups, fintech, healthcare, pharmaceuticals and medical devices.
·
Fertilisers partnership: Cooperation
with Morocco’s OCP Group was reaffirmed, including partnerships involving
Paradeep Phosphates and IMACID, supporting
India’s fertiliser supply chains.
·
Future engagement: The two countries will celebrate 70
years of diplomatic relations in 2027, and the 8th India–Morocco Joint Commission
will be held in New Delhi.
[ABS News Service/27.08.2026]
Minister of State for Commerce and Industry
and Electronics & Information Technology, Jitin Prasada, concluded a successful
official visit to the Kingdom of Morocco from 24 to 25 August 2026, during which
he held a series of bilateral meetings with senior Moroccan Ministers and dignitaries.
During the visit, he co-chaired the meeting of the 7th Session of the India–Morocco
Joint Commission with his counterpart, H.E. Mr. Omar Hejira, Secretary of State
to the Minister of Industry and Trade, in charge of Foreign Trade, Kingdom of Morocco.
India and Morocco have an enduring and
mutually beneficial partnership that has gained strong strategic momentum under
the leadership of Prime Minister Narendra Modi and His Majesty King Mohammed VI.
During his visit, Jitin Prasada participated
in the Morocco–India Business Forum, held bilateral meetings with senior Moroccan
Ministers, engaged with the Indian business community and visited the manufacturing
facility of India-Maroc Phosphore (IMACID), a joint venture
of Morocco’s OCP Group with Indian partners, to review the longstanding India–Morocco
partnership in phosphates and fertilisers.
Mr. Prasada was accompanied by a high-level
business delegation led by the Confederation of Indian Industry, which held fruitful
meetings with the Chamber of Commerce, Industry and Services of Rabat-Salé-Kénitra, as well as the General
Confederation of Moroccan Enterprises (CGEM).
7th India–Morocco Joint Commission Meeting
The 7th India–Morocco Joint Commission
provided renewed momentum to the bilateral economic partnership and established
an expanded framework for cooperation aimed at increasing trade, strengthening market
access, promoting investment and industrial partnerships, and creating new opportunities
for Indian and Moroccan businesses.
The two sides reviewed progress in bilateral
economic and commercial relations and agreed to further deepen and diversify cooperation
across trade, investment, industry, fertilisers, agriculture, pharmaceuticals, energy,
mining, digital transformation, transport and other areas of mutual interest. Bilateral
trade reached around USD 4 billion in 2025, reflecting the sustained strengthening
of economic and trade relations between the two countries. Both countries reaffirmed
their commitment to further strengthening their longstanding friendship and strategic
partnership.
Both sides underscored that diversification
of the trade basket and expansion of market access in both goods and services would
help unlock the considerable untapped potential of the bilateral economic relationship.
They agreed to work towards doubling bilateral trade over the next five years.
To achieve this, both countries emphasised
that regular exchanges of business delegations, prospecting missions and networking
activities would contribute to identifying new business opportunities, facilitating
market access and promoting sustainable partnerships and joint ventures between
Moroccan and Indian companies.
Potential areas identified for enhanced
trade included fertilisers and chemicals, mineral resources, machinery and electrical
equipment, automotive parts and vehicles, building materials, polymers, agri-food
products, tea, metals and tourism. Both countries also agreed on the importance
of facilitating predictable and timely market access for pharmaceutical products.
To provide an institutional mechanism
for advancing this agenda, the two sides agreed to establish an India–Morocco Joint
Working Group (JWG) to explore opportunities for developing bilateral trade and
the feasibility of a preferential trade agreement between India and Morocco. The
JWG will also examine tariff and non-tariff barriers and explore opportunities for
improved market access and trade facilitation for goods and services.
The two sides agreed to work jointly to
address regulatory and market-access issues faced by Indian pharmaceutical companies,
including market authorisation procedures and approval timelines, with a view to
facilitating bilateral trade and strengthening pharmaceutical cooperation. The Indian
side raised market-access concerns relating to key products for export and the ongoing
investigations concerning imports of ceramic tiles from India.
The two sides emphasised the importance
of strengthening business-to-business engagement, reciprocal participation in trade
fairs and exhibitions, business forums and investment-related activities. They also
agreed to strengthen the role of the Morocco–India Business Council and the Morocco–India
Chamber of Commerce and Industry in fostering partnerships between the private sectors
of the two countries.
In agriculture, the two sides agreed to
strengthen cooperation in sustainable agriculture, food security, SPS measures,
food safety, agricultural research, digital agriculture, biotechnology and agricultural
value chains.
The two sides welcomed the signing of
the Memorandum of Understanding between the National Office of Food Safety (ONSSA),
Morocco and the Food Safety and Standards Authority of India (FSSAI) on Cooperation
in the Field of Food Safety. The MoU provides a framework for the exchange of information,
technical expertise and best practices, capacity building and activities aimed at
facilitating safe and sustainable bilateral trade.
The two sides also signed the Cultural
Exchange Programme for the years 2026–2030 during the Joint Commission Meeting.
The programme will promote cultural exchanges and collaboration through artist and
professional exchanges, participation in festivals and exhibitions, cooperation
in heritage conservation and strengthened linkages among museums, libraries and
archival institutions.
The two countries noted that the 70th
anniversary of the establishment of diplomatic relations in 2027 will provide an
opportunity to further promote cultural exchanges and people-to-people ties.
The two sides agreed to hold the 8th Session
of the India–Morocco Joint Commission in New Delhi, on a date to be mutually agreed
through diplomatic channels.
Morocco–India Business Forum: Priority
Areas for Investment and Partnerships
At the Morocco–India Business Forum, hosted
by the General Confederation of Moroccan Enterprises (CGEM) in Casablanca on 24
August 2026, Jitin Prasada highlighted key areas for enhanced business and investment
cooperation, including automotive, artificial intelligence, renewable energy, start-ups
and finance, fertilisers and chemicals, healthcare and pharmaceuticals.
Mr. Prasada highlighted opportunities
for deeper collaboration in automotive value chains, including EV components and
precision sub-assemblies; renewable energy, including solar, energy storage and
grid management; start-ups, fintech and finance; artificial intelligence; healthcare;
and pharmaceuticals, including hospitals, diagnostics, pharmaceuticals, medical
devices and digital health.
Jitin Prasada highlighted the opportunities
offered by India’s rapidly growing economy and invited Moroccan businesses to invest
in India, build joint ventures and participate in India’s growth story.
He noted that under the vision of Hon’ble
Prime Minister Narendra Modi and Viksit Bharat 2047, India is building a modern
and globally integrated economy, offering significant opportunities for enhanced
India–Morocco business and investment partnerships.
OCP–India Partnership: Strengthening Cooperation
in Phosphates and Fertilisers
Jitin Prasada visited India-Maroc Phosphore (IMACID), a joint venture of Morocco’s OCP Group with
Indian partners, and reviewed the longstanding India–Morocco partnership in phosphates
and fertilisers.
The two sides welcomed the strong and
enduring cooperation in this strategic sector, including the joint ventures between
the OCP Group and Indian partners, namely Paradeep Phosphates
Limited and Indo-Maroc Phosphore (IMACID).
The OCP team underscored their commitment
to the Minister for the supply of phosphates and fertilisers as per the requirements
of the Indian farming sector. The visit reaffirmed the importance of the partnership
in supporting India’s fertiliser supply chains and strengthening cooperation across
the phosphates and fertilisers sector.
High-Level Bilateral Meetings: Advancing
Trade, Investment and Digital Cooperation
Jitin Prasada held bilateral meetings
with H.E. Mr. Omar Hejira, Secretary of State for Foreign Trade, and H.E. Mr. Riyad
Mezzour, Minister of Industry and Trade, Morocco.
He also met H.E. Mr. Karim Zidane, Minister
Delegate for Investment, and H.E. Dr. Amal El Fallah Seghrouchni,
Minister Delegate for Digital Transition and Administrative Reform.
The discussions focused on strengthening
bilateral cooperation in trade, investment, industry and digital transformation,
and on identifying new areas for mutually beneficial economic engagement, especially
in Artificial Intelligence.
Engagement with Indian Business Community
and People-to-People Ties
Jitin Prasada interacted with the Indian
business community and members of the Indian community in Morocco and highlighted
the important role of the community in strengthening India–Morocco ties.
He encouraged Indian businesses to further
expand their engagement with Morocco and deepen partnerships across sectors, while
emphasising the potential for greater collaboration between Indian and Moroccan
enterprises.