The Free Trade Agreement (FTA) between Morocco and Turkey was at the heart of the oral question session addressed to the Minister of Commerce by several parliamentary groups. Moulay Hafid Elalamy acknowledged in his response that the FTAs are heavily unfavorable. But Morocco is trying to find a solution to rebalance the trade balance.
While the Minister of Industry, Trade and Green and Digital Economy, Moulay Hafid Elalamy , accuses it of causing the closure of dozens of local stores due to its commercial policy, the Turkish distribution brand, BIM, defends itself.
By agreeing to revise the contract clauses, Turkey has officially adhered to the amendments made by Morocco to the free trade agreement that binds the two countries.
Diplomatic relations between Morocco and Turkey could become complicated if Ankara persists in engaging its military presence in Libya, while Morocco has always advocated and continues to invest in finding a peaceful solution to the Libyan crisis.
For several months, Moroccan-Turkish relations have cooled somewhat. Despite some progress on the free trade agreement , tension between the two countries is at its peak.
While Morocco and Turkey have engaged in negotiations aimed at revising the Free Trade Agreement (FTA) linking the two countries, Moroccan textile manufacturers intend to regain the local market, which is facing major difficulties.
At Turkey’s request, the negotiations leading to the revision of the Free Trade Agreement with Morocco have been postponed by one week.
After a meeting with his counterpart, Moulay Hafid Elalamy, Minister of Industry and Trade announced on Wednesday, January 15, 2020, that Morocco and Turkey will revise their Free Trade Agreement (FTA) due to a trade deficit.
Morocco would be facing a huge shortfall due to the consequences of the free trade agreement with Turkey. Losses estimated at several billion dollars, according to the Moroccan Minister of Industry, Trade and Economy, Moulay Hafid El Alamy.
The climate is tense between Morocco and Turkey due to the disagreements stemming from the free trade agreement linking the two countries. This Wednesday, January 13, Ruhsar Pekcan, accompanied by a delegation of Turkish companies, arrived in Rabat, to participate in the meeting of the joint committee of the Turkey-Morocco free trade agreement.
During the weekly question session in the House of Representatives, the Moroccan Minister of Industry, Trade, Green Economy and Digital, Moulay Hafid Elalamy, did not mince his words. Failing to "revise the free trade agreement" with Turkey , Morocco will "simply tear it up", said the minister, who stressed that the kingdom is losing large sums.
The Interprofessional Office of Cereals and Legumes (ONICL) is looking for a significant quantity of cereals. It has just launched a tender to import 354,000 tons of durum wheat of American origin.