Talk about the international trade in services in Morocco

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Morocco Exports and Imports most of it's goods from the European Union.

France is its largest trade partner.
France provides one fifth of the total Imports.
Spain comes next position followed by US,italy, Saudi Arabia.
Morocco is a member of World trade organization.
It has stipulated that tariff on goods be lifted.
The government has reformed the trade sector and has removed barriers to Export.
This is done by approving a New foreign trade law..
This trade law has minimised a state's law.
This trade law has minimised a state's role in the Export of goods.
This has led through liberalization of Import practices.
Morocco faces trade deficit.
Hence it borrows ransom to pay for it's consumption.
Capital goods account for more than half of Morocco's Imports
Food and beverages , consumer goods and fuel follows .
Morocco's Export base is phosphate and phosphate by products.(largest contributor).
Textiles and leather items come in second place followed by fish and fish products.

Rahul Sunny answered 1 year ago

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