Morocco has the second-largest non-oil GDP in the Arab world. In the past, Morocco relied on phosphate exports, which has declined over the recent years. The country has now emerged as an exporter of manufactured and agricultural products and its popularity as a tourism destination is growing. Morocco’s import partners include; France (16.1%), Spain (13.5%), Italy (6.5%), China (6%), Germany (5.6%), Saudi Arabia (5.4%) and Moldova (5%). Morocco’s primary trade partner continues to be France.
Opportunities for UK businesses
Morocco is situated in the north west of Africa and has a unique & strategic position. Morocco enjoys financial stability and economic reform is firmly on the Government’s agenda. UK businesses can benefit from the opportunities opening up through free trade agreements and take advantage of Morocco’s position as a gateway to Europe, Africa and the Middle East. The following sectors have been identified as best prospects for UK businesses: water management, construction and renewable energy.
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