Home Africa Morocco to reassess Turkey trade deal amid swelling deficit

Morocco to reassess Turkey trade deal amid swelling deficit

Morocco to reassess Turkey trade deal amid swelling deficit

Rédaction Africa Links 24 with Africa News
Published on 2025-06-19 12:21:26

Morocco is preparing for a thorough review of its 2004 trade agreement with Turkey, following a sharp rise in the bilateral trade deficit.

The shortfall has surged to about $3 billion, largely driven by Moroccan imports of Turkish fabrics. Overall, Morocco’s trade imbalance widened 22.8% to $12 billion in the first four months of 2025, continuing a trend that saw last year’s deficit hit 306 billion dirhams.

To address the…

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