cleared
–
Copyright © africanews
Libawo, Marcelle/
By Companies
World trade agreements
Morocco is making ready for a thorough evaluate of its 2004 trade agreement with Turkey, following a appealing upward push within the bilateral trade deficit.
The shortfall has surged to about $3 billion, largely pushed by Moroccan imports of Turkish fabrics. Overall, Morocco’s trade imbalance widened 22.8% to $12 billion within the predominant four months of 2025, persevering with a pattern that observed closing yr’s deficit hit 306 billion dirhams.
To address the notify, Moroccan Trade Minister Omar Hjira will discuss over with Turkey to negotiate measures aimed toward rebalancing the connection—potentially by growing Turkish investment inside Morocco.
Moroccan manufacturers cite the aggressive fair appropriate thing about Turkish items—decrease costs, high quality, reliable offer—and governmental beef up in Turkey, which retains Turkish exports flowing into Morocco.
In response, Moroccan authorities previously enforced emergency tariffs—up to 90%—on Turkish textiles, and Malaysia has drawn up a “negative list” of over 1,200 merchandise, including textiles, to protect key industries .
Specialists argue that lengthy-time length alternate choices require Morocco to boost the competitiveness of its own industrial output, diversify exports, and perhaps reassess loads of free trade agreements.
As Hjira heads to Ankara, both nations will peek a deal that mitigates Morocco’s deficit with out undermining its home trade or upsetting trade tensions.
That that you must moreover enjoy
Most read
