By Loubna Flah
By Loubna Flah
Morocco World News
Casablanca, May 21, 2013
The Moroccan Directorate for Studies and Financial Predictions (DEPF) revealed in its latest report about the competitiveness of Moroccan exports that Moroccan goods exported to other countries lack diversity as reported by the daily AL Khabar.
The report reveals that semi-manufactured goods still make up 29% of the total volume of exports whereas manufactured products for consumption make up 25%.
The report concludes that Moroccan industry remains centered on the production of a limited array of goods which severely undermines the competitiveness of national exports in the international markets.
The report reveals also that the Moroccan export market is characterized by a low use of technology, the employment of unskilled labor and the lack of innovation and scientific research.
Thus, Morocco needs to diversify its trading partners and companies need to take more risks in emerging markets.
It is noteworthy that the European Union (EU) remains Morocco’s largest trading partner especially France despite a drop in the transactions with European neighbors from 74, 4% of national exports in 1998 to only 57, 5% of exports in 2012.
Nonetheless, Morocco’s trade with France is declining in favor of the US, the Gulf Region and China. To overcome reliance on phosphate exports, Morocco is capitalizing on the production of manufactured and agricultural products as well as other services like tourism.
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