🇲🇦MoroccoNorth Africa
Morocco and Chile launch negotiations for a free trade agreement
via Le Matin2 min read
Morocco and Chile have initiated negotiations for a free trade agreement, marked by the signing of a joint declaration between Omar Hejira, Secretary of State for Foreign Trade, and Paula Estévez, Chilean Undersecretary for International Economic Relations. This agreement aims to establish a modern regulatory framework to boost trade in goods and services, and diversify investments. Paula Estévez highlighted Morocco's growing economy, its population of approximately 40 million, and its openness to foreign investment. She also emphasized Morocco's strategic position as a gateway to the African continent, with which Chile currently lacks trade agreements. Trade between the two countries has significantly increased, from $10.4 million in 2003 to $80.3 million in 2025, with an average annual growth rate of 31.5% over the last five years. This initiative aligns with Chile's strategy to diversify its markets and create new export opportunities, particularly with emerging economies like Morocco, India, and the Philippines. The effort reflects both countries' commitment to strengthening economic ties and exploring new cooperation avenues between Africa and Latin America.
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