The Bank made the assessment in its second volume of Analysis of Morocco’s Trade Policy titled ‘Impact of Morocco’s tariff policy on its position as a hub for the rest of Africa’. Sub-Saharan Africa, with an average growth rate of about 6.3% during the 2000s (world record after Asia), offers an increasingly attractive economic outlook and market. Reducing Moroccan customs duties on products imported from sub-Saharan Africa would help boost their exports to Morocco. And if the tariffs applied by Morocco and by its partners in Africa (especially sub-Saharan Africa) were to be renegotiated, it would undoubtedly increase trade for the benefit of both parties. The publication with seven chapters devoted to the competitiveness of Morocco’s tariff policy follows the first volume which focused on the impact of the country’s tariff policies.

Source: News Business Ethiopia March 21, 2017 07:18 UTC