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Morocco seeks to replace $3.7 bln of imports with locally made goods

Morocco seeks to curb the imports bill by 34 billion dirhams ($3.7 bln), as part of measures to promote local production, head of the government Saad Eddine El Othmani said. The measure will help cut the cost of imports from 183 billion dirhams to 149 billion dirhams by 2023, he told MPs. Within the context […]

Morocco-Korea: Towards establishment of legal framework on trade, investment

Morocco and south Korea are heading towards the establishment of a legal framework on trade and investment, with the aim to conclude an Enhanced Partnership Agreement (EPA). This was stated in a joint communiqué that was signed in Seoul by the Korean Minister of Trade Inkyo Cheong and Moroccan Foreign Minister Nasser Bourita, who participated […]

Morocco set to become regional air defense industry hub

Three aerospace companies, Sabca Maroc, Belgium’s Sabena- an offshore of Blueberry Group- and the US Lockhead Martin will open the first maintenance plant dedicated to Moroccan military aircrafts, which is also poised to serve as a maintenance hub for friendly countries in the region operating airplanes such as C130. Morocco is building on its position […]