Morocco Faces $97 Million Export Loss in No-Deal Brexit, UNCTAD Study Finds
While some African countries can boast of emerging victorious from a no-deal Brexit, the Moroccan economy risks losing $97.1 million, or 11% of its exports to the United Kingdom.
A recent study by UNCTAD (United Nations Conference on Trade and Development), cited by L’Économiste, estimates that Morocco would suffer the biggest loss on the African scale, if the United Kingdom left the European Union without a deal.
South Africa, Mauritius, Namibia, Botswana, and the Seychelles would largely benefit from a no-deal Brexit, the study adds, with very significant gains in exports, while Morocco would be the biggest loser, followed by Ghana, Tunisia, Egypt and Mozambique.
Morocco’s exports to the United Kingdom are estimated at 6 billion dirhams, placing the latter among the 10 main customers of the kingdom.
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