
Morocco's Pharmaceutical Exports Grow 7%, Reaching 10% of National Production
Despite the lack of state support, drug exports increased by 2% compared to 2018. Moroccan operators expect the pharmaceutical market to grow by 4 to 5% in 2019.

Despite the lack of state support, drug exports increased by 2% compared to 2018. Moroccan operators expect the pharmaceutical market to grow by 4 to 5% in 2019.

The raspberry sector seems to have conjugated its glory days in the past. The cold wave that the kingdom is experiencing has seriously reduced the prices of the product on European markets by 50%.

To support the internationalization of Spanish companies, the Bankia group has just announced the establishment of a representation in Casablanca.

Improving the Kingdom’s supply of cereals is a major concern for Moroccan importers and Ukrainian exporters. In this sense, they have conducted in-depth reflections on the subject.

The automotive industry has become Morocco’s leading export sector. This is how Moulay Hafid Elalamy expressed himself on Thursday, November 21 in Madrid, during a congress that looked at the development of the sector, which is booming in both countries.

Morocco was the subject of an attack by Abdelkader Bengrina, a candidate in the Algerian presidential election next month and president of the "El-Bina" Movement.

Attijariwafa bank (AWB) and the giant EXIM Bank of China have signed a memorandum of understanding for a $5 billion fund, on the sidelines of the 2nd edition of the China International Import Expo.

Morocco’s trade deficit stood at 154.46 billion dirhams (MMDH) at the end of September 2019, compared to 150.83 MMDH in 2018, an increase of 2.6%, according to the Office of Foreign Exchange.

Annual trade between Morocco and the United Kingdom represents 4% of total trade with the European Union (EU). According to statements by Nasser Bourita, Minister of Foreign Affairs, African Cooperation and Moroccans Residing Abroad, this trade amounts to more than 18.3 billion DH.

Moroccan exports recorded a 10.6% increase last year, compared to 10.3% in 2017, which indicates an average annual increase of 4.3% over the 2008-2014 period. This performance, noted in the Economic and Financial Report, has improved Morocco’s share in the global market.

Moroccan exports experienced a slight increase in the first seven months of 2019.

Morocco’s total average grape production is 357,000 tons per year and generates around 200 million dirhams, according to a detailed point by the Minister of Agriculture, Aziz Akhannouch.