UK and Morocco Deepen Trade Ties with £5bn Export Finance Deal

Ministers met in London to boost market access, support World Cup 2030 projects, and strengthen an 800-year-old diplomatic relationship.

Generic image of a business handshake with subtle national flag elements in the background.
AI

Generic image of a business handshake with subtle national flag elements in the background.

The UK and Morocco have agreed to deepen trade ties, boost market access, and support World Cup 2030 projects, with the UK committing up to £5 billion in export finance.

The third ministerial meeting of the UK-Morocco Association Council took place in London on 12 November 2025, building on a historic decision to enhance the bilateral relationship. The meeting, which followed the fifth Strategic Dialogue in Rabat in June 2025, focused on trade and investment.
Ministers noted the enduring ties between the two kingdoms, dating back over 800 years, and reaffirmed their shared ambition to consolidate the enhanced strategic partnership. Bilateral trade has seen significant growth, now worth £4.6 billion. Discussions included advancing the Association Agreement to deliver tangible benefits, with a view to providing enhanced access to agricultural exports.
Both parties agreed in principle to amend the Rules of Origin Protocol and conduct technical discussions as a priority to provide certainty for traders and unlock wider trade opportunities. Progress was also welcomed on the Public Procurement Memorandum of Understanding (MoU), with a new Government Procurement Working Group set to meet in early 2026.
Collaboration on major projects was celebrated with the announcement of the World Cup Taskforce and a Government-to-Government partnership for the FIFA World Cup 2030, focusing on critical infrastructure projects. The UK also noted Morocco's proposals to strengthen cooperation in health, tourism, and higher education.
The UK's commitment of up to £5 billion in export finance underscores confidence in Morocco's economic trajectory and the UK's determination to be a long-term partner. Discussions also covered ways to adapt and streamline UK Export Finance instruments. Both parties reaffirmed their commitment to working together, acknowledging Morocco as a key gateway to Africa’s socio-economic development.
Based on information from the official source: Department for Business, Innovation, Science and Trade (02/11/2026)