A delegation of the Moroccan government is on their way to Türkiye tomorrow, Monday, to start new negotiations on the revision of the free trade exchange agreement in light of the continued deficit entered into. Omar Hajira, the state writer responsible for foreign trade, will be the head of the Moroccan delegation to hold meetings with his Turkish counterparts to discuss ways to reduce the deficit, which exacerbated last year by 12% to $ 27.6 billion ($ 3 billion), according to the official data obtained by “Al Sharq”. Turkey and Morocco have been linked to a free exchange agreement since 2006, which was amended in 2021 at Rabat’s request, where customs duties were imposed by 90% on a number of Turkish products after Moroccan businesses in the textile and clothing dector complained to dump the local market in Turkish products. Despite the imposition of fees, the deficit has increased over the past year. The amount of trade between Morocco and Turkey “The negotiations will focus on assessing the procedures applied over the past five years and its consequences, and whether there is a need to expand it for extra years, or discuss other solutions to encourage the shortage,” such as encouraging the increase in Turkish investments in Morocco, ” with ‘Al Sharq’. Union, Britain, America, Turkey, Africa and some Arab countries.
Morocco attempts to moderate its trade with türkiye after aggravating the deficit up to $ 3 billion
