Libya and Morocco have signed a cooperation agreement aimed at increasing exports, promoting investment and strengthening business ties between companies in both countries as part of efforts to revive economic cooperation in the Maghreb region.
The memorandum of understanding was signed in Rabat by the Libyan Export Development Authority (LEDA) and Morocco’s Investment and Export Development Agency (AMDIE), establishing a framework for closer collaboration in trade promotion and investment facilitation.
The agreement seeks to support businesses from both countries by improving access to markets, encouraging partnerships and creating new opportunities for private-sector cooperation.
Under the deal, the two institutions will work together to organise trade missions, business exhibitions and specialised training programmes. They will also conduct joint market research and exchange economic information to help companies better understand opportunities in both markets.
The partnership comes as Libya continues efforts to diversify its economy beyond oil and gas by attracting investment into sectors including infrastructure, logistics, manufacturing and services.
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For Morocco, the agreement builds on its growing role as a regional hub for exports and foreign investment, supported by experience in developing trade links with African, European and Middle Eastern markets.
Officials from both sides said the cooperation should move beyond institutional engagement and translate into practical partnerships between businesses.
Libyan companies are expected to benefit from Moroccan expertise in areas such as logistics, industrial development, export promotion and market access. Moroccan companies, meanwhile, could gain opportunities in Libya’s reconstruction projects, energy sector, transport infrastructure and expanding services market.
The agreement is also seen as part of wider efforts to strengthen economic ties across the Maghreb, where trade between neighbouring countries remains below its potential despite geographical proximity and shared economic interests.
Analysts have long highlighted the opportunities for greater regional trade in North Africa, but note that progress has been limited by challenges including infrastructure gaps, regulatory differences and weak implementation of regional cooperation frameworks.
The success of the Libya-Morocco agreement will depend largely on how effectively the planned initiatives are implemented.
Trade missions, business forums and investment projects resulting from the partnership will be key indicators of whether the agreement delivers tangible benefits for companies and economies in both countries.
For Libya, the partnership represents an opportunity to strengthen its connection to regional markets and attract expertise needed for economic rebuilding.
For Morocco, the agreement opens access to a market with significant reconstruction and investment needs while reinforcing its position as a key economic partner in Africa.
The two countries said the cooperation reflects a shared commitment to expanding commercial relations and creating new avenues for sustainable economic growth.
