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.
The flow of Moroccan Direct Investments Abroad (IDME) recorded a strong increase, going from 2.89 billion dirhams in 2018 to 5.93 billion dirhams in 2019.
It’s the end of the holidays and, after the departure from Morocco of the vast majority of families who had enjoyed the summer vacation, the last-minute pressure seems to be generally under control.
The return phase of the Strait Crossing Operation (OPE in its Spanish acronym) is causing huge delays at the border between Morocco and Spain. On Saturday, August 31, thousands of cars remained stuck in long queues. Motorists had to wait up to four hours before heading to Ceuta.
Exactly one year ago, on their return from vacation, several thousand Moroccans residing abroad (MREs) had encountered enormous difficulties in crossing the Strait. Recap of the facts!
Transfers from Moroccans of the World have been growing since 2017. With the contribution of the Gulf countries, they have covered 2/3 of the trade deficit in the first five months of 2019.
Until the end of last May, Moroccans Residing Abroad (MREs) transferred 25.86 billion dirhams to Morocco, a slight decrease compared to the same period last year.
Despite their citizenship and the rights guaranteed by the Constitution, Moroccans Residing Abroad (MREs) have always been deprived of the right to vote in Morocco. 12% of the Moroccan population cannot participate in municipal and legislative elections, despite their importance on economic and commercial levels.
A significant drop is observed in 2019 in the remittances of Moroccans residing abroad (MRE). These transfers, which reached 25.86 billion dirhams in the first five months of this current year, could be justified by the return to the country of a significant part of the Moroccan diaspora for the summer holidays, notes a report from the Office des Changes.
The trend is downward for money transfers from Moroccans residing abroad (MREs), in general and, particularly, from the European continent. On the other hand, for those from the Gulf countries, transfers are exploding!
Moroccans living abroad have transferred less money since the beginning of the year, compared to the same period last year. This is according to the latest figures published by the Office of Foreign Exchange.
Moroccans living in the Gulf countries are sending more and more money to their country of origin, as shown by the latest figures just released by the Foreign Exchange Office.