فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
Trade relations between Morocco and Israel have stagnated in recent months, according to a report from the Abraham Accords Peace Institute. After a period of rapid growth between May 2023 and 2024, the value of trade stabilized at $8.5 million in June, a 124% increase compared to the same period last year.
During the first half of this year, total trade between Rabat and Tel Aviv reached $53.2 million, up 64% compared to the same period in 2023, which are the same figures recorded in May.
This stagnation comes after a significant rebound following a notable decline due to the “Al-Aqsa Flood” operation launched by the Palestinian resistance, and the ongoing war in Gaza since October 7. After this date, Moroccan-Israeli trade saw a 61% decrease in October 2023. However, two months before the end of the year, $94 million in trade was recorded between the two countries, a 112% increase compared to the same period in 2022.
This relative “slowdown” is not limited to Morocco but affects all countries involved in the normalization process, including the United Arab Emirates, Jordan, Egypt, and Bahrain. A decrease in trade with Israel was observed in June for these countries as well.
Although trade between these five Arab countries, including Morocco, and Israel has seen notable development since the signing of the Abraham Accords for peace in December 2020, it appears that the war in Gaza has somewhat slowed the pace of normalization.
It’s worth noting that these agreements aim to strengthen relations between Israel and several Arab countries, facilitating the signing of various cooperation partnerships in trade and investment.
