By Loubna Flah
By Loubna Flah
Morocco World News
Casablanca, October 4, 2012
The African Bank for Development (ABD) issued a comparative report on the exporting policies put forward by Morocco, Egypt, Tunisia and South Korea.
According to the Moroccan daily Le Soir, the ABD report reveals that the reduction of customs tariffs and the performance of national institutions operating in the exporting business fall short from increasing the volume of national exports.
The African Bank for Development examined the infrastructure of national ports and the procedures of customs clearance to give an accurate appraisal of the volume and profits of Moroccan exports.
The African Bank for Development is a regional developmental bank established in 1964 with the intention of promoting economic and social development in Africa.
The study considers that the aforementioned elements affect the cost of transactions. The report lays emphasis on the necessity to reconsider exporting procedures.
The delay in the expedition and the dispatching of commodities are likely to increase the cost of export transactions. The ABD outlined a set of recommendations that would enable Morocco to fulfill its economic potential.
The report recommends the renovation of the institution that supports trade and exports in particular as well as the reduction of customs tariffs, more free trade agreements and more flexibility in customs’ regulations.
The ABD report reiterates the necessity for Moroccan decision makers to aggregate efforts in order to improve exports via the renovation of exporting infrastructures as well as the empowerment of human resources working in this field.
In the figures disclosed by the World Bank 2011 report, the volume of Moroccan exports increased from 29,17 percent of the GDP to 35,5 percent of the GDP in 2009.
The ABD report examined closely the progress made in the volume of transactions after the opening of Tanger-Med.
Despite being one of the largest ports in the Mediterranean and in Africa by its capacity as a cargo and passenger port, the performance of Tanger-Med remains rather feeble due to the exorbitant cost of transit.
The report pinpoints that the Moroccan authorities should display more flexibility in granting licenses to export companies.
The comparative report pinpoints that Morocco remains lagged behind Egypt and South Korea. Both countries have boosted their exporting capacity through a consistent renovation of their exporting infrastructure.