Moroccan Exports to Increase by $950m in 2015, Euler Hermes [Maghreb Arab Press]
Big news for Morocco’s strategy to boost exports:
Moroccan exports will increase by 8.4 billion dirhams [about $950 million] to reach 240 billion dirhams late 2015, officials from the Euler Hermes, a global credit insurance company, announced on Tuesday in Casablanca.
Europe, India and Africa are the top destinations for the sectors of chemical products, agri-food and textile, they said.
Presenting the results of its 2nd Trade International Observatory: “Exports Risks and Opportunities”, Euler Hermes analyzed the tendencies of the Moroccan economy while focusing on opportunities and risks for SMEs and SMIs regarding exportation.
The Moroccan economy should do well in 2015 with forecasts of a 4.2% growth thanks to households consumption and businesses investment.
However, the business climate remains unstable as shows the expected rise in businesses weakness by 10% in 2015, similar to 2014.Concerning agri-food industry, Morocco has a diversity linked to agriculture which represents 15% of the country’s value added…[Original story, registration required]