Morocco Considers Ending Free Trade Deal with Turkey Amid Growing Deficit

In 2018, Morocco’s trade deficit with Turkey stood at 16 billion dirhams, compared to 4.4 billion dirhams in 2006.

Based on this observation, Moulay Hafid Elalamy, Minister of Industry and Trade, stated during a question-and-answer session at the House of Councilors that there are a number of free trade agreements to be reviewed. "We are ready to terminate certain agreements that are detrimental to our economy and Morocco’s interests," he hammered.

In his sights, Turkey, which has apparently not respected the free trade agreement signed between the two countries in 2006. The introduction of Moroccan products on its soil suffers from restrictions.

Realizing the situation, Moulay Hafid Elalamy assured that his department is conducting a comprehensive study on the impact of the various free trade agreements signed by Morocco. And the recommendations of the study will lead to certain decisions being made.