|
Poor competitiveness, major factor of Morocco's trade deficit, exporters
Morocco, Economics, 3/11/2005
Poor competitiveness of the Moroccan enterprises, low offer of exportable goods, competition of international markets, and absence of outreaching are among the factors behind Morocco's trade deficit, said chairman of the Moroccan exports association (ASMEX), Abdellatif Bel Madani.
The ASMEX chairman proposed to adopt a new exports promotion strategy and diversify exportable offer and outlets, in order to boost exports which hardly progressed by 2% in 2004, compared to a 14% growth of imports.
Bel Madani further called in an interview with "Le Reporter" weekly for promoting exports and levelling down all production factors costs, and urged the government to put an end to unfair competition practiced by some mass imports, lift all excessive costs associated with monopolies, support export-companies and improve incentives extended to exports consortiums.
Morocco's trade deficit worsened in 2004 by 34% as a result of an increase in imports (14%) and a slow progression of exports (2%).
Previous Stories:
Morocco's external debt declined by 9% in 2004, minister
(3/10/2005)
Morocco eyes Kuwait investments in tourism
(3/7/2005)
Over MAD 3 billion of fisheries production in Morocco in 2004
(3/5/2005)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info


|