The coronavirus already has consequences on the global economy in general and on the Moroccan economy in particular. But the latest report from the American rating agency Fitch Ratings indicates that the kingdom could overcome this economic crisis.
The industrial flour mill is running at full capacity, with a daily flour production exceeding the usual average by 47%. The goal is to ensure sufficient supply to the domestic market.
The government has decided to regulate the prices of health masks and hydroalcoholic gels. A measure intended to put an end to speculation.
Between 2015 and 2019, Morocco and Algeria were among the largest arms importers in Africa, ahead of Egypt. These are data published in the report "Trends in international arms transfers, 2019".
Due to the coronavirus epidemic in China, trade with the international community has fallen by 17.2% compared to the same period last year.
The illegal introduction of Spanish products into Morocco is over. Moroccan companies now import these products legally.
The Coronavirus epidemic is also leaving economic consequences in its wake, slowing down the imports of Chinese products. Merchants in the wholesale markets of Derb Omar, Garage Allal and Souk Korea are bearing the brunt of this situation, which has resulted in huge losses and an increase in product prices.
Morocco fears a shortage of its green tea stocks due to the closure of factories in China, following the Coronavirus epidemic.
The coronavirus epidemic is likely to make Chinese products disappear from the Russian market. The probability that these imported food products in Russia will be replaced by those from Turkey and Morocco is very high, according to the director of the Russian Association of Food Producers and Suppliers (Rusprodsoyuz).
While Spain’s electricity needs have increased due to the closure of the last coal-fired power plants, imports from Morocco have increased sharply in 2019. A situation that is causing total outrage in Spain.
Moroccan electricity imports have fallen by 93.5%, compared to 2018 when the country imported 2.3 billion dirhams worth.
Morocco has increased fees on Turkish textile imports since January 1st. This additional duty, worth 90% of the customs tariff, will be applied under the common law until December 31, 2021.