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African Free Trade Area

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  • Arab Maghreb Union to Hold First Summit in 25 Years, Reviving Regional Cooperation
    14 November 2019, by Kamal

    25 years after their last meeting in Tunisia, a summit of the Heads of State of the five Arab Maghreb countries will be held in February 2020 in the Ethiopian capital, Addis Ababa. The information has just been revealed by the Secretary General of the Union, Tayeb El Bakkouch.
    Since 1994, no meeting has been held by the Heads of State of the five member countries, due to the diplomatic crisis between Rabat and Algiers. An incident that, according to Alyaoum24, has impacted the activities (…)

  • Morocco Joins 23 Nations in Ratifying African Continental Free Trade Agreement
    4 June 2019, by Kamal

    Ratified by 24 countries, including Morocco, the African Continental Free Trade Area (AfCFTA) has been in force since May 30. Its objective is to increase intra-African trade by 60% by 2022.
    Pending its implementation on July 7 next, during a summit in Niamey of the African Union, the agreement was signed by 52 members of the Union out of 55, before being finally ratified by 24 members and notified to the continental organization.
    According to Telquel, the implementation phase will, (…)

  • African Union Launches $2.5 Trillion Free Trade Area, Set for 2020 Implementation
    15 July 2019, by Kamal

    On July 7 and 8, 2019, the Summit of African Union Heads of State was held at the Niamey Congress Palace, the capital of Niger. No less than 31 Heads of State participated in the implementation of the agreement on the creation of the Continental Free Trade Area (CFTA).
    The "operational phase" of the agreement, which aims to implement the continental strategy, should be able to bring together 55 countries, with a human potential of 1.2 billion inhabitants and a combined Gross Domestic (…)

  • Moroccan Automotive Hub Triples in Size as Tanger Free Zone Expands
    10 September 2019, by Sylvanus

    The draft decree amending the one establishing the free zone, Tanger automotive city, has been validated by the Council of Government. This paves the way for the extension of this free zone, whose area is about to triple.
    The area of Tanger automotive city (TAC) will increase from 178 hectares to 517 hectares. This is the scope of draft decree 2.19.744 amending decree 2.10.337 on the establishment of the free zone, Tanger automotive city, which was validated by the Council of Government. (…)

  • Morocco Poised to Benefit from Global Supply Chain Shifts, Expert Says
    10 January 2021, by Jérôme

    The current movement that industrial value chains are adhering to could be beneficial for Morocco. In an interview with the MAP agency, Amine Laghidi, president of the Moroccan Association of Exporters (Asmex) center, addresses the challenges of this relocation and the interest of co-industrialization between different economies and the Kingdom.
    The current crisis has proven the importance of rebuilding global value chains in a more credible, transparent and rapid manner. Thus, relocation (…)

  • Morocco Threatens Trade Retaliation Against Egypt Over Product Barriers
    25 June 2021, by Jonas

    Morocco is considering retaliatory measures against Egypt, accusing it of pursuing a "blocking" policy against Moroccan products. A situation that costs the kingdom some 6 billion DH annually.
    Speaking during a debate at the Productive Sectors Committee of the House of Representatives, the Moroccan Minister of Industry and Trade, Moulay Hafid Elalamy, said he had expressed his dissatisfaction to his Egyptian counterpart, Nevin Jameh, who also denounced the obstruction made by Morocco to (…)

  • Morocco’s Dakhla Atlantique Port Project Aims to Boost African Trade Ties
    20 July 2021, by Armel

    Through the construction of the Dakhla Atlantique port, a structuring mega-project of the new development model of the southern provinces, Morocco aims to be a new strategic site to confirm its African anchoring.
    Designed in 2016, this port infrastructure project aims to further strengthen the economic ties between Morocco and its African depth. This port will be a maritime interface for economic integration and a hub for continental and international influence, reports Jeune Afrique, (…)

  • Morocco’s Fnideq Free Trade Zone Set to Launch Operations in February
    1 February 2022, by Armel

    The work for the realization of the first part of the Fnideq free zone is completed and the start of activities is scheduled for this month of February.
    According to the supervision of the work, it is the development of an area of 10 ha, taking into account the earthworks, the roads, the sanitation, the public lighting and the electricity, all for an amount of 200 million DH, reports l’Économiste, specifying that this first part includes industrial buildings intended for import-export (…)