Morocco’s industry and trade ministry has found that the electric oven’s market is marred by dumping and plans to impose import duty of up to 62%, Moroccan media reported. Citing unnamed ministry sources, le360 said the dumping rate was as high as 74% in the electric oven’s market. Ovens by Turkey’s ITIMAT will be subjected to an anti-dumping rate of 34%, as Morocco and Turkey have signed an FTA. The dumping of the local market has ditches prices and undermined Moroccan manufacturers, according to a study cited by the media. Morocco and Turkey introduced amendments to the FTA in 2020, following complaints by Morocco’s textile industry of anti-competition practices.

Source: The North Africa Journal May 20, 2024 11:01 UTC