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<p>During the IMF Annual Meetings, the Chancellor met with Ms Nadia Fettah Alaoui,
the Moroccan Minister of Finance.</p><p> </p><p>The UK works closely with Morocco
to maximise cooperation in a number of areas, including in bilateral trade and investment.
The UK Morocco Association Agreement, which entered into force in January 2021, facilitates
this trading relationship. Under this agreement, bilateral trade between the United
Kingdom and Morocco was worth £3.4 billion in the four quarters to the end of Q2 2023,
up £661 million on the same period the previous year. The Government frequently engages
with Morocco to promote and support green investment into Morocco, while the UK and
Morocco are co-leads on the Power Breakthrough, which aims to make clean power the
most affordable and reliable option for all countries by 2030.</p>
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