Morocco International Business
Autor: Sharon • January 11, 2018 • 787 Words (4 Pages) • 760 Views
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The top import origins are Spain (13.4%), France (13.3%), China (7.6%), US (7%), Saudi Arabia (5.4%), Germany (5.2%), Italy (5%) and Russia (4.3%).
What major products/service I imports and exports?
Morocco’s major export product is insulated wire. Insulated wire is the 17th most traded product and the 809th most complex product according to the Product Complexity Index(PCI).
The most recent imports are led by refined petroleum which represent 9.2% of the total imports of Morocco. Refined petroleum is the 2nd most traded product and the 1049th most complex product according to the Product Complexity Index(PCI).
The largest sectors and firms that are involved in international business in the country
Morocco has the second-largest non-oil GDP in the Arab world. In the past, Morocco relied on phosphate exports, which has declined over the recent years. The country has now emerged as an exporter of manufactured and agricultural products and its popularity as a tourism destination is growing.
How much and where does its foreign investment(FDI) come from and into what industries/sectors the FDI goes
Moroccan authorities have been successful in attracting a relatively consistent flow of foreign capital, mainly relying on the national privatisation program, the conversion of foreign debt into investments and the operations of public services concessions. Other sectors have take over, including banking, tourism, energy and industry. However, the level of FDI remains modest and could make a stronger contribution to launching the country’s economy. A number of large industrial groups have move their operations to Morocco, including the French companies Safran and Renault and the Canadian bombardier. Morocco has also been pursuing a policy of foreign investment which is mainly targeting the countries of sub-Saharan Africa. After a decline during to the global recession, FDI flows into Morocco have begun to rise again despite the context of the Eurozone crises and the revolutions of the “Arab Spring”. In 2013, Morocco was the largest FDI recipient in the Maghreb region and the country ranks among the top recipients on the African continent.
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