Azrou - Morocco will create a new agency to better manage and promote investment and exports.
Azrou – Morocco will create a new agency to better manage and promote investment and exports.
The Moroccan government hopes to reinvigorate foreign trade and foreign investment, through the creation of the Moroccan Agency for Trade, Investment and Services (Matis).
According to Jeune Afrique, the Minister of Commerce and Industry, Moulay Hafid El Elalamy, will soon have a new agency called the Moroccan Agency for Trade, Investment and Services (Matis). It will be responsible for foreign direct investment (FDI) and will also promote Moroccan exports.
The Moroccan Agency for Investment Development (AMDI) and Maroc Export are currently responsible for this mission. They will most likely integrate their services into this new institution.
Decline in Moroccan exports and imports in 2013
Morocco experienced a decline in the value of exports and imports of goods and services in 2013. According to the Ministry of Industry, exports are estimated at 419 billion dirhams, a regression of 1.64% compared to 2012. Imports declined by 1.67% in the same time period.
Moreover, in 2013 the Kingdom also has a foreign trade deficit amounting to 126 billion dirhams, an amount that is slightly less than the 128 billion-dirham deficit of 2012.
However, according to the 2014 report of UNCTAD on world investments, the country recorded an increase of 23% in FDI. The amount is estimated at 27.65 billion dirhams.
Edited by Timothy Filla
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