During this first meeting, both parties undertook to make every effort to develop trade and promote investment in several sectors, stressing the need of setting up a business council to take charge of this job.

The Moroccan delegation thus expressed the country's strong commitment to raise the economic relations to match the level of political relations.

The Committee was established as part of an agreement signed on January 30, 2009 during a visit to Morocco by the Brazilian Minister of Development, Industry and Foreign Trade, Miguel Jorge.

At the end of the meeting, the committee agreed to hold a second meeting in the second half of October in Rabat.