The African Development Bank (AfDB) issued a report on Morocco’s efforts to strengthen economic ties with African countries, noting that the Kingdom is steadily becoming a main economic hub in the continent. The report dubbed “Analysis of Morocco’s Trade Policy,” sheds light on the progress of Morocco’s trade with Africa and recommends lowering custom duties with African countries. “Morocco’s trade with Africa has increased by 20% in recent years, i.e. a 1.5 billion dollar increase and recently accelerated with a 13% growth in trade with sub-Saharan Africa in 2014,” says the report. The AfDB underscores that Morocco’s return to the African Union and its bid to join the West African economic community (ECOWAS) are part of efforts to strengthen the Kingdom’s position as an economic hub.

Source: The North Africa Journal March 12, 2017 14:48 UTC