Due to its political stability, cheap labor and tax incentives, Morocco is attracting more and more European, especially Spanish, investors in the automotive and textile sectors, which are booming in the kingdom.
Inditex has decided to reduce its dependence on China and source more from Morocco, India and Pakistan.
The Moroccan Association of Textile and Clothing Industries (AMITH) has taken the matter to court to prevent the holding of the 7th edition of the International Textile and Fashion Show in Casablanca.
The Spanish textile giant Inditex, which has a cluster in the village of Oukaïmeden located in the province of Al Haouz, the epicenter of the earthquake that hit Morocco on the night of Friday, September 8, announced on Monday the donation of three million euros to the Spanish Red Cross to support the Moroccan Red Crescent.
Moroccan textile exports to Spain have recorded a significant decline in the first half of the year, according to data published by Icex Spain Exports and Investments.
The automotive sector continues to boost Moroccan exports, with sales reaching 57 billion dirhams in the first five months of this year.
While a controversy has arisen in France over the price (300 euros) of the latest jersey of the French rugby XV, Le Coq Sportif claims that a replica exists and it is made in Morocco.
Morocco wants to relax the export conditions to be able to sell textile products from Asia to Europe without paying customs duties. A practice that could deal a blow to the European and Spanish textile sector in particular.
On the sidelines of the visit of Prak Sokhonn, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of the Kingdom of Cambodia to Morocco, it was decided to organize a business forum.
The clothing and textile sector, which is just emerging from the Covid-19 health crisis, is facing a harsh reality at the beginning of this year in the Fès and northern regions. This is a drop in orders, resulting in a drop in production in the units.
The French brand Camaïeu, specialized in the sale of women’s clothing, was placed in judicial liquidation by the Lille commercial court on September 28, resulting in the closure of the 514 stores located in France. A situation that will not be without consequences on the four stores in Morocco.
Despite the maintenance of the customs duty , Turkish exports of finished textile and clothing products to Morocco continue to grow.