Morocco

Morocco, is one of the most reliable poles of political stability of the entire MENA Area (Middle East and North Africa), as well as one of the few countries of Muslim culture free of recent major social upheavals during the period of the Arab springs. This status has been achieved thanks to the historic unifying and stabilizing role of the monarchy in Moroccan society, which ensured the affirmation and perpetuation of democratic institutions and practices in the country, simultaneously limiting the intestine tension between various ethnic groups, especially under the guidance of today's King Mohammed VI, directing government action to strengthen social peace, improvement of population's living standards and consolidation of economic progress pursued in the last two decades, as evidenced by the new Constitution approved by a very broad base of support in 2011. Morocco enjoys very close diplomatic relations with the United States and European Union countries, which is now backed by a strong economic interdependence, and plays a moderating role in Middle Eastern affairs, while relations with several African countries, although flourishing commercially, are strained politically, because of the support of many of them to the independence movements of the Polisario Front in Western Sahara.

Thanks to its internal stability and a business-oriented foreign policy, Moroccan economy has long been among the most open and receptive in the group of developing countries, with the 56th GDP in the world (US $ 274.5 billion , PPA) supported by an annual average growth attested by 4% (decreased around 2.7% during the most acute period of the recent economic crisis) and a per capita GDP strongly increasing (7700 US $, PPP), with a population of 33 million people characterized by a good level of education and a strong rate of urbanization.

The primary sector employs half of the workforce, guarantee the country food self-sufficiency and has given rise to a steady stream of exports in the agricultural, fisheries, textile and mining sectors (Morocco is the world's largest exporter of phosphates). In an effort to diversify the national economy, the secondary sector was restructured through the National Pact for Industrial Emergency, and thanks to a high level of openness to foreign direct investment, mechanical and electrical industries have received a big boost (especially semiconductors and plant engineering), manufacturing (especially clothing) and automotive sectors (has the most added value produced in the last two years). The tertiary sector is also growing, thanks to policies in support of retail distribution and consumption, the flow of tourism constantly increasing, and the vast privatization plan implemented by the Government in the fields of transport, infrastructure, provision of public services and energy, sometimes also to ease the pressure exerted by the granting of numerous state subsidies on public finances, which unlike other neighboring countries, cannot rely on the constant flow of currency given by exports of hydrocarbons.

The trade with Italy, in the last two years exceeded US $ 3.5 billion, while imports from this country have added more than 2 billion US $. Morocco is thus, at this moment, one of the best opportunities for expansion thanks to a steadily growing internal market, marked by a strong political stability and an unconditional openness to capital and foreign goods. Economic development of the country is going towards a rise in the value chain, which is the reason there is a great demand for high-tech industrial machinery, precision and electro medical computer equipment, semi-finished products capable of being transformed by textile and metal industry. The constant growth of tourist flows and the propensity to consume also would indicate great margins for improvement both in tourism as in retail of consumer goods and in the opening of franchise business.


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