The Moroccan automotive industry has reached a record high in exports. At the end of August, the figures reached 52.25 billion DH, an increase of more than a quarter (+25.5%) year-on-year.
Automotive exports reached 35.4 billion dirhams during the first five months of 2021, an increase of 49.5% compared to the same period in 2020.
The trade deficit reached 80.95 billion dirhams at the end of May 2021, an increase of 10.4% compared to the same period in 2020. This is what emerges from a note from the Office of Exchange on the monthly exchange indicators for the month of May 2021.
Tourism is thriving in the city of Dakhla. Currently, this city has become the "embodiment of the success of the new development model of the southern provinces of Morocco", and "the showcase of the soft power of Moroccan diplomacy".
The law reforming the free trade agreement (FTA) between Morocco and Turkey has come into effect. This is confirmed by the Official Bulletin of May 13, 2021.
On May 20, the owner of the textile workshop where 28 workers died will be informed of his fate. The investigating judge at the court of first instance in Tangier has finally decided to prosecute the owner, whose trial has been postponed several times due to the state of health of the main defendant.
The markets and other ready-to-wear clothing sales outlets are already in a festive mood. The crowds are huge, much to the delight of the merchants. Parents and children are rushing to buy new clothes despite the economic gloom caused by Covid-19.
The delay accumulated by some European countries in their vaccination campaigns is likely to be detrimental to the economic recovery, and particularly to the tourism sector in Morocco.
With a view to finding business opportunities in Poland, in the textile sector, the Moroccan Association of Exporters (ASMEX), in collaboration with the Harvard Consulting firm, recently held a webinar.
While the profits of the Spanish group Inditex have recorded a drastic 70% drop for the 2020-2021 fiscal year due to the health crisis related to Covid-19, the question arises as to whether this is already having a negative impact on the textile industry in Morocco .
What business opportunities with Morocco ? This was the focus of a videoconference organized by the Andalusian Agency for the Promotion of Exports (Extenda), which was attended by about a hundred Andalusian operators.
The tragedy that occurred on Monday, February 8 in the clandestine textile workshop in Tangier , causing the death of 28 employees, has forced the local authorities to urgently decide to create a new industrial zone, respecting the safety standards in force.