Spain Seeks to Revamp Trade Ties With Morocco Overcoming Row

Spain and Morocco are ready to overcome years of strained diplomatic relations with new business and energy deals, while ties between France and the North African nation remain frosty, Bloomberg News reported. Prime Minister Pedro Sanchez is planning to announce Thursday an €800 million ($869 million) credit line for Spanish investments in Morocco and 20 agreements that range from developing renewable energy to building water desalinization plants. “Morocco can play a key role as the gateway for Spanish companies into Africa,” Sanchez said Wednesday evening, kicking off a two-day visit in Morocco’s capital. Speaking after him, Morocco’s Prime Minister Aziz Akhannouch said the visit is expected to facilitate gas deliveries through a currently idle pipeline that connects the two countries. Western European nations are racing to shore up relations with key security and energy allies in Africa after Russia’s invasion of Ukraine, to counter the growing influence of both Russia and China across the continent. Read more.