Turks operating in the textile sector have big problems since the increase in customs duties on imports by Morocco, of clothing from their country. As a result, Turkish ready-to-wear stores operating in the kingdom are looking for local suppliers.
The forecasts of Moroccan textile industrialists for the 2021 financial year will suffer from the new variants of the coronavirus. Given their ravages in Europe, their main market, the prospects are not good for the coming months.
Bring on the relaunch! This is the wish that Moroccan ready-to-wear professionals are resolving to in order to emerge from this unprecedented crisis. If 2020 was not a good year, the beginning of 2021 does not bode well.
The health crisis due to Covid-19 has not spared the textile sector. Faced with the constant threat to the sector’s production capacities, there are fears of plant closures and layoffs.
For a year now, Zakaria Ghattas has been offering jeans that last, while respecting the environment and people. Part of the manufacturing is done in Morocco.
The free trade agreement signed in 2004 between Rabat and Ankara has created commercial instability in Morocco and destroyed thousands of jobs. This situation is causing outrage among industrialists, who are now demanding a new agreement.
The slowdown in the Moroccan textile-clothing sector for months now risks leading to layoffs. The drop in local demand and the lack of clarity on demand for the last quarter are behind this forecast.
Turkish companies are protesting against unusual delays in customs procedures in Morocco. These complaints come at a time when the government has adopted a draft on the free trade agreement between the two countries.
Among the Arab countries importing textiles to Brazil, Morocco has emerged as the top ranking during the first half of 2020, with a volume of $6.99 million, according to the Arab-Brazilian Chamber of Commerce.
For the first seven months of 2020, both Moroccan imports and exports of goods recorded year-on-year declines of 17.5% and 17% respectively compared to the same period last year.
The Covid-19 pandemic is not sparing the clothing sector in Morocco. International trade is severely impacted.
In the clothing sector, Morocco is experiencing a collapse of its exports to Europe, due to its lack of visibility. To reverse this trend, the Kingdom must very quickly develop a new strategy.