The Moroccan textile industry is one of the sectors hit hard by the health crisis related to the coronavirus raging in the kingdom and in the European countries, the main outlets for Moroccan exports. The Moroccan Association of Textile and Clothing Industry (AMITH) has developed a new vision to adapt the Moroccan offer to the new international sourcing map.
Between 2009 and 2019, Morocco worked to develop its framework of exchanges with the rest of Africa. The Moroccan-African trade balance went from a deficit of 5.5 MMDH to a surplus of 3.7 MMDH.
While almost all sectors of activity are only grinding black due to the health crisis, the Moroccan leader in sugar displays great satisfaction. In seven years, the tonnage shipped has been multiplied by about 100. Cosumar paid an "exceptional dividend" of 7 dirhams, or 0.63 euros, to its shareholders last September.
Morocco , the leader in Africa and the top offshoring destination, now seems to have a formidable competitor. Algeria has just signed a cooperation agreement on the development of the export of Algerian digital services to France.
The creation of economic activity zones at the new Dakhla Atlantique Port is a concern for the authorities. These zones will serve as a logistical and economic tool to facilitate the economic and social structuring of southern Morocco.
Morocco has an enormous unexploited export potential estimated at $15 billion. This is revealed by a study on the exportable supply of the kingdom conducted by the Moroccan Association of Exporters (ASMEX) in partnership with Mazars and Grant Thornton.
Imports and exports (automotive, textile and leather and aeronautics) showed a decline of 15.9% and 8.4% respectively at the end of November 2020 compared to the same period in 2019, according to recent statistics from the Office des Changes. However, there is an increase in sales in the agriculture and phosphates and derivatives sectors.
The economic operators of Melilla are working to improve and make more efficient the trade exchanges with the border region of Nador . To this end, the Confederation of Employers of Melilla (CEME) wishes to establish a maritime line between the enclave and the port of Béni Ansar, for a smooth flow of passenger and freight transport.
The association agreement signed between Morocco and the United Kingdom on October 26, 2019 in London is a source of opportunities for the country, particularly in terms of export volume, said Abdellatif Maâzouz, former Minister of Commerce and President of the Alliance of Istiqlal Economists.
Green bean production is taking up more space in Morocco , with this year resulting in a large increase in production. The kingdom is now the second largest producer in terms of yield, with over 200,000 tons.
The association agreement between Morocco and the United Kingdom will enter into force on January 1, recalls a joint Moroccan-British declaration.
Faced with the weakness of olive oil exports, Morocco is working to improve its positioning in the Mediterranean.