After Turkey, Morocco set to curb trade deficit with Tunisia, Egypt
Morocco has taken steps to renegotiate a free trade deal with Tunisia and Egypt to protect its own industrial fabric and protect jobs after it took a similar move to balance its trade deficit with Turkey.
Aujourd’hui le Maroc reported that Morocco plans to renegotiate the tax imposed on a list of goods including textile, reinforcing bars, cars…
With Tunisia, Morocco plans to impose 17.5% tax on carpets and other household and office items.
Morocco’s trade deficit has widened 26.4% to 181 billion dirhams by November 2021.
In 2020, Morocco approved an amendment of the Morocco-Turkey Free Trade Agreement, increasing tariffs by up to 90 pc on 1200 Turkish goods for a five-year period.