Morocco, Hungary Hail Bilateral Relations Dynamics over Past Few Years – Joint Declaration –

Morocco and Hungary have welcomed the dynamics that have marked bilateral relations over the past few years and the shared interest to further expand the areas of their cooperation. In a joint declaration signed Wednesday in Rabat by the Moroccan minister of Foreign Affairs, African Cooperation, and Moroccans Abroad Nasser Bourita and the Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó, who is currently on an official visit to Morocco, the two sides stressed the importance of leveling up economic and trade cooperation to the rank of the excellent bilateral political relations. In this regard, the two countries agreed to hold the fourth session of the Joint Economic Commission in Budapest in the next six months with a view to identifying new areas of mutually beneficial cooperation, in line with the priorities of both sides, the document points out. Both countries are committed to encouraging business cooperation in priority sectors, notably finance, agriculture, industry, education, energy, water, health and sustainable development. In this regard, Hungary welcomed the course set out by HM King Mohammed VI in a dynamic of openness, progress, and modernity, and hailed His New Development Model as well as the promotion of advanced regionalization. Both sides welcomed the investment opportunities offered for Moroccan and Hungarian companies in their respective countries in several sectors, including agribusiness, Information Technologies, Artificial Intelligence, digitalization, start-ups, green technologies, health and water. In addition, Morocco and Hungary commended the excellence of bilateral relations in the field of higher education and scientific research, as the number of scholarships granted to Moroccan students in Hungarian universities increased from 100 to 165.