The Moroccan Centre of Business has released its latest monthly note dedicated to Africa. It calls on the Moroccan economy to "seize this opportunity to diversify, be more competitive and develop immunity against the vagaries of the economy."
When "Afro-skepticism" that prevailed for years seems to gradually dissipate, the Moroccan strategy of economic integration in Africa is still struggling to find its appropriate place. The origin of this observation, the Moroccan Centre of Business (CMC) in its last publication dedicated to Africa. Many commercial efforts have certainly been made in recent years, but they have not resulted in an improvement in trade volume. Not to mention the flow of investments that "are still insufficient."
Moroccan exports destined for the African market in 2009 accounted for 6% of total sales abroad. Forecasters explain this "low penetration" by the existence of highly restrictive trade regimes in these countries, as well as the inadequacy of Moroccan products to the African demand. It is also noted that the issue of African market is characterized by several features, which the Moroccan entrepreneurs are not always able to adapt. Put simply, this market needs with turnkey solutions. More importantly, foreign investments are "called to be part of the dynamic development of host countries which involves deploying major efforts in improving basic infrastructure, diversification of the productive system and the promotion of new industrial, commercial and service, "the researchers write, something well understood by many emerging countries like India or China. This proves that besides the strong Chinese presence, whose exports to Africa have increased by 10 between 2000 and 2008, reaching 100 billion dollars.The research laboratory is already talking about the Moroccan "Chinafrica" and invited the Moroccan economy to "seize this opportunity to diversify, become more competitive and develop immunity against the vagaries of the economy." While pointing to the trade policy Moroccan "should be boosted further."
Of course, "political instability" and "bad governance" are the characteristics of the African continent, as evidenced by the current unrest in Côte d'Ivoire for example, and Africas trade remains "volatile and procyclical. However, the CMC sees in the cooperation framework, South-South an opportunity rather than a choice. With the key, the sociocultural strengths of Morocco, besides belonging to the same geographical space. This makes sense, especially in the current context of high volatility, it is stressed.
This orientation is even more strategic with the surrounding sub-Saharan Africa. In this chapter, it is worth mentioning that the dynamics of investment flows Moroccan Saharan Africa has experienced a consolidation in recent years is remarkable. These flows were $ 360 billion dirhams in 2009, over 56% of total overseas investment. At a time when sales to this region have reached 5 billion dirhams.
The night echoes-Posted on 22/03/2011
When "Afro-skepticism" that prevailed for years seems to gradually dissipate, the Moroccan strategy of economic integration in Africa is still struggling to find its appropriate place. The origin of this observation, the Moroccan Centre of Business (CMC) in its last publication dedicated to Africa. Many commercial efforts have certainly been made in recent years, but they have not resulted in an improvement in trade volume. Not to mention the flow of investments that "are still insufficient."
Moroccan exports destined for the African market in 2009 accounted for 6% of total sales abroad. Forecasters explain this "low penetration" by the existence of highly restrictive trade regimes in these countries, as well as the inadequacy of Moroccan products to the African demand. It is also noted that the issue of African market is characterized by several features, which the Moroccan entrepreneurs are not always able to adapt. Put simply, this market needs with turnkey solutions. More importantly, foreign investments are "called to be part of the dynamic development of host countries which involves deploying major efforts in improving basic infrastructure, diversification of the productive system and the promotion of new industrial, commercial and service, "the researchers write, something well understood by many emerging countries like India or China. This proves that besides the strong Chinese presence, whose exports to Africa have increased by 10 between 2000 and 2008, reaching 100 billion dollars.The research laboratory is already talking about the Moroccan "Chinafrica" and invited the Moroccan economy to "seize this opportunity to diversify, become more competitive and develop immunity against the vagaries of the economy." While pointing to the trade policy Moroccan "should be boosted further."
Of course, "political instability" and "bad governance" are the characteristics of the African continent, as evidenced by the current unrest in Côte d'Ivoire for example, and Africas trade remains "volatile and procyclical. However, the CMC sees in the cooperation framework, South-South an opportunity rather than a choice. With the key, the sociocultural strengths of Morocco, besides belonging to the same geographical space. This makes sense, especially in the current context of high volatility, it is stressed.
This orientation is even more strategic with the surrounding sub-Saharan Africa. In this chapter, it is worth mentioning that the dynamics of investment flows Moroccan Saharan Africa has experienced a consolidation in recent years is remarkable. These flows were $ 360 billion dirhams in 2009, over 56% of total overseas investment. At a time when sales to this region have reached 5 billion dirhams.
The night echoes-Posted on 22/03/2011
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