Only 14km south of Europe, Morocco is a competitive platform for export :
Preserving macroeconomic stability is a major concern for Moroccan governments. Several actions and structural reforms have been undertaken to put the country on the path of strong and sustainable growth:
A continuously growing economy with an average growth rate of 5.1% over the period 2001-2010, registering an increase of 3.3 points compared to the previous decade.
Despite the international financial and economic crisis, Morocco's economy has proved to be resilient: 4.9% GDP growth in 2009 (largest increase across the Mediterranean region)
Around 2% despite the increase in oil and raw material prices
The overall debt of the treasury was reduced by 26 points between 2000 and 2009 to stand at 47% of GDP.
Household consumption grew by an average 8% per year between 2004 and 2010 to reach MAD 442 billion (52 billion USD), while public investment nearly tripled during the same period to reach MAD 167 billion (20 billion USD)
Thaks to diverse free-trade agreements, Morocco offers investor free duty access to a market of 55 countries representing more than 1 billion consumers and 60% of world GDP.
For more details on the treaties and agreements, pease visit Free Trade Agreements section.
Thanks to its geostrategic location, Morocco is at the crossroads of the main international exchange routes, linking the United States of America, Europe, Africa and the Middle-East.
For over a decade, Morocco launched large-scale projects aimed at elevating its infrastructure to international standards:
In Morocco, human resources have all the ingredients to become the pivots of a competitive investment and value creator: education level, cultural openness, language skills and new technologies, commitment to entrepreneurship, adaptation capacity to change and competitive labor costs:
Morocco launched numerous strategic sectorial plans that ensure strong and sustainable economic growth. This reform momentum is marked by an innovative contracting approach and public private partnership advocating greater and coordinated participation of the private sector in the development of sectoral strategies and policies along with the funding of projects allowing to refocus the State’s role on its regulatory powers.
These strategies are part of a process to speed the development of strategic sectors like agriculture, fishery, mining, renewable energy, logistics and promising sectors such as automotive, aerospace and services with high added value.
To promote the investment act, a particular attention is given to improving the business climate. A set of mechanisms to increase competition and transparency was put in place: