Morocco Stands to benefit from this restructuring, building on its competitive assets, infrastructure, competitive wages and skilled workforce, the Oxford Business Group and a DW report recently said. “Our strategy is to continue to boost the competitiveness of Morocco and establish a carbon-free industrial base with domestic renewable energy generation,” he added. As major EU industrial countries seek to boost autonomy and bring supply chain closer to home, Morocco stands as one of the most if not the most competitive country in the southern neighborhood. Only China and India outperform Morocco, Alamy said, adding that the kingdom is bringing its competitiveness level closer to that of India. Besides, the country’s larger and cheaper labor force is expected to give it an edge over central and eastern European (CEE) countries.

Source: The North Africa Journal July 20, 2020 09:45 UTC