First Independent Mena Newspaper
Morocco is becoming a growingly attractive destination for global textile companies, as world’s leading textile groups are migrating from traditional Asian manufacturers to closer markets offering favorable conditions, such as Morocco. Several brands from the European Union, the UK and the U.S. have been sealing deals with Moroccan companies in the textile industry as an […]
Moroccan textile operators lauded the government’s approval of the amendment of the FTA with Turkey saying such a move would help restore balance to the domestic market and save local industry and jobs. Morocco and Turkey agreed to reintroduce customs duty amounting to 90% on 1200 Turkish industrial goods to help curb the chronic deficit […]
Morocco’s textile and clothes industry represents 15% of the country’s GDP but has been facing fierce competition of Turkish manufacturers that caused many layouts and put several factories out of business, pushing Moroccan professionals to seek a new strategy to boost competitiveness. They mostly blame the free trade agreement signed with Turkey, which has dumped […]