The Moroccan Capital Market Authority (AMMC) and the French Financial Markets Authority (AMF) have signed a groundbreaking cooperation and mutual assistance agreement in Rabat on Tuesday. The agreement was formalized by AMMC Chairwoman Nezha Hayat and AMF Chairwoman Marie-Anne Barbat-Layani, aiming to enhance collaboration in capital markets while fostering shared approaches to financial stability, innovation, and sustainable growth.
The signing occurred during the Morocco-France Entrepreneurial Forum, coinciding with French President Emmanuel Macron’s state visit to Morocco. This agreement reflects both nations’ commitment to advancing their financial markets as they navigate new challenges in economic financing, energy, and digital transitions.
“Today’s agreement consolidates the long-standing cooperation between our two institutions,” remarked Hayat. “Our goal is to synchronize regulatory frameworks to navigate global transformations in sustainability and technology, ultimately supporting economic growth.”
Barbat-Layani added that this partnership “strengthens our understanding of each other’s regulatory landscapes, advancing shared objectives in innovative, integrity-focused finance.”
France is Morocco’s top trading partner and the largest foreign investor, with both countries enjoying a robust economic relationship encompassing trade, tourism, and foreign investment. Nearly 1,000 French companies in Morocco provide over 150,000 jobs, underscoring the strength of bilateral ties.
Trade between Morocco and France reached €14.1 billion in 2023, fueled by Morocco’s growing automotive exports and French investments in agricultural and transport equipment.
This new agreement between the AMMC and AMF highlights the increasing importance of sustainable finance and the necessity for regulatory agility in a digital era. The two authorities plan to collaborate on exchanging best practices, enhancing investor protection, and addressing emerging financial products on online platforms and social media.
Furthermore, the partnership aligns with Morocco’s evolving role as a key African investor in France, as Moroccan companies increasingly target sectors like digital transformation and decarbonization.
