Morocco
Record $9.5 Billion in Remittances Expected from Moroccans Abroad in 2021
Remittances from Moroccans living abroad (MRE) should reach a record of 87 billion dirhams (MMDH) in 2021, an increase of 27.7%.
Topic
Imports
Spain
Ceuta Seeks Economic Growth Beyond Moroccan Tourism
The economic development of Ceuta is a concern for the newspaper El Español-Invertia, which is organizing an Economic Forum from Tuesday, September 28 to Wednesday, September 29, to analyze the economic, tourist and social potential of the city and the opportunities available to it.
Morocco
Morocco's Wheat Production Surges, Reducing Import Needs
Morocco’s wheat production, formerly in difficulty, has recovered during the 2020/2021 season. As a result, the kingdom will reduce its purchases on the international market.
Morocco
Moroccan Households Struggle as Basic Food Prices Soar Amid Scrutiny of Trader Profits
Rice, tea, cooking oil , milk, coffee and durum wheat bread... the list of products whose prices are rising is very long. A situation that would be attributable to the evolution of world prices according to the specialists. However, voices are being raised to denounce the profit margins of traders who are taking advantage of the situation to drive up prices.
Morocco
Morocco Considers Lifting Soft Wheat Import Duties Amid Global Price Surge
Morocco has decided to abolish import duties on soft wheat as of November 1, 2021. However, nothing is certain yet as to the effective implementation of this decision.
Morocco
Morocco Struggles to Secure US Durum Wheat Imports Amid Global Supply Challenges
More than a month after launching a tender for the import of American durum wheat, Morocco still hasn’t found any suppliers.
Morocco
Morocco Faces Wheat Shortage as US Import Bid Fails to Attract Suppliers
Morocco is having trouble finding suppliers for its request for American durum wheat (an import of 363,000 tons). The call for tenders launched in this regard has been unsuccessful.
Spain
Two Sentenced for Smuggling 86 kg of Moroccan Cannabis into France
The Nîmes Criminal Court has sentenced two individuals to 42 months in prison for importing and transporting Moroccan cannabis. In total, 86 kg of drugs were found in a truck coming from Spain.
Morocco
Moroccan Expatriate Remittances Surge 48% Amid Travel Sector Decline
During the first half of 2021, remittances from Moroccans residing abroad (MRE) reached more than 44.19 billion dirhams (MMDH), compared to only 29.83 MMDH in the same period last year, an increase of 48.1%.
Morocco
Canary Islands Farmers Demand EU-Morocco Trade Deal Reform Amid Brexit Fallout
The main farmers’ organizations in the Canary Islands are asking the European Union to modify the trade agreement with Morocco, which continues to export the same quantity of agricultural products to the European market, despite the UK’s departure from the EU. They denounce "unfair competition" from Rabat.
Morocco
Morocco's Energy Bill Plummets 34.6% in 2020 Amid Falling Oil Imports
Morocco’s energy bill has dropped considerably in 2020. This emerges from the annual report on foreign trade for the year 2020, carried out by the Office des Changes .
Morocco
Morocco's Maritime Trade Dominates, Atlantic Ports Handle 94% of Shipping
The most used mode of transport in the kingdom is the maritime mode with 91.4 million tons (MT), or 96.3% of the total exchanges carried out with the rest of the world. This is according to the annual report of the [Office des changes] on foreign trade for the year 2020.