No financial authorities agreement required for textile companies to grant discounts to foreign customers

Moroccan exporting textile companies are allowed from now on to grant their clients abroad discounts up to 3 percent from the exportation invoice without prior agreement of the Moroccan Exchange Office.

This measure also enables exporting companies to respond quickly to their regular customers' price cut requests and take up the challenges of the global market, says a communique of the Exchange Office.

A prior agreement from the Moroccan Exchange Office was required for textile companies to grant their customers abroad discounts for various purposes. The measure, part of the liberalization process, is meant to simplify the regulation in force.