Trade between Morocco and China grew by 50% from 2021 to 2022 as China becomes Morocco’s first trading partner in Asia. Mehdi Laraki, head of Morocco-China business council, told le360 that Chinese investments in Morocco totaled 56 million dollars in 2022 in vital fields such as industry, transport, real estate, and energy. There has been a growing flow of Chinese business delegations to Morocco which they see as a gateway to the African and European markets, he said. “Morocco has signed 56 free trade agreements. Exporting from Morocco to these regions would enable cutting customs duties and transport costs,” he said.

Source: The North Africa Journal March 14, 2024 18:58 UTC