Friday, 13 Feb 2026
Subscribe
Africa News
  • Africa News
  • Global News

    Liberian Businesses Decry Lax Enforcement of Liberianization Policy, Demand Government Action

    By News Desk

    Trump’s Budget Cuts—A Gamble That Will Sow Global Chaos

    By Dr. Alon Ben-Meir

    Elon Musk Ends Tenure in President Trump Administration, Cites Spending Disagreements

    By News Desk
    Current and past West African leaders assembled in Abuja, Nigeria in 2024 for an ECOWAS Conference

    Current and Past West African Leaders Urged to Prioritize Domestic Policies for Economic Relief

    By News Desk

    Tunisians set to protest against authoritarianism ahead of upcoming presidential election

    By News Desk

    Nigerian Government Launches Committee to Tackle Power Crisis in Healthcare

    By News Desk
  • Elections
  • Events
  • Opinion

    David Sengeh Crowned Sierra Leone’s Top Minister by Africa News Today

    By News Desk

    Trump Is Ushering in A National Disaster

    By Dr. Alon Ben-Meir

    Canada’s Tighter Foreign Worker Rules Threaten Deportation for Nigerians, Others

    By News Desk

    Banjul Mayor Blames Ex-CEO and Finance Director for Council’s Financial Mismanagement

    By News Desk

    Zambia’s New Cyber Laws: Safeguarding Citizens or Silencing Dissent?

    By News Desk

    A Guide to Increasing Liberia’s $500M National Budget to Over Two Billion Dollars in 10 Years!

    By Opinion
  • Jobs
  • 🔥
  • Blog
  • Global News
  • Afican News
  • Events
  • Elections
  • Opinion
  • Job
  • African News
  • redbull
  • Global
Font ResizerAa
Africa NewsAfrica News
  • Africa News
  • Global
  • Elections
  • Events
  • Opinion
  • Jobs
Search
  • Personalized
    • My Feed
    • My Saves
    • My Interests
    • History
Have an existing account? Sign In
Follow US
© 2025 African News Today. All Rights Reserved.
Africa News > Blog > Afican News > Morocco to Reassess Trade Deal with Turkey Amid Soaring Deficits
Afican NewsGlobal News

Morocco to Reassess Trade Deal with Turkey Amid Soaring Deficits

News Desk
Last updated: June 19, 2025 5:21 pm
News Desk
Share
SHARE

By Mohamed Ghani

Rabat, Morocco – The Moroccan government is set to initiate a comprehensive review of its free trade agreement with Turkey, originally established in 2004, following a dramatic increase in the bilateral trade deficit. The move comes as Morocco seeks to address a widening trade imbalance that has placed increasing pressure on its domestic industries.

Morocco’s trade deficit with Turkey has ballooned to approximately $3 billion, largely fueled by a surge in imports of Turkish textiles. This imbalance contributes significantly to Morocco’s overall trade deficit, which widened by 22.8% in the first four months of 2025, reaching a staggering $12 billion. Last year, the country’s deficit hit 306 billion dirhams, highlighting the urgency of the situation.

In an effort to address the growing disparity, Moroccan Trade Minister Omar Hjira is scheduled to travel to Turkey for negotiations. The aim is to forge a solution that rebalances the trade relationship, potentially through increased Turkish investment within Morocco.

Moroccan manufacturers have expressed concerns about the competitive advantage enjoyed by Turkish goods, citing lower production costs, high quality, dependable delivery schedules, and substantial governmental support within Turkey. These factors allow Turkish exports to flow into Morocco unimpeded, putting local businesses at a disadvantage.

“The playing field isn’t level,” explained Fatima Zahra, a representative of the Moroccan Textile Manufacturers Association. “We need to find a way to support our own industries while maintaining a productive trade relationship.”

Previously, Moroccan authorities implemented emergency tariffs of up to 90% on Turkish textiles in an attempt to protect the local textile industry. Malaysia has also taken steps to safeguard domestic sectors, creating a “negative list” of over 1,200 products, including textiles, restricted for import.

Analysts argue that long-term solutions necessitate a multi-pronged approach. “Morocco needs to focus on boosting the competitiveness of its industrial output, diversifying its export markets, and potentially re-evaluating multiple free trade agreements,” stated economist Khalil El Mansouri. “Relying solely on protectionist measures is not a sustainable strategy.”

As Minister Hjira prepares for his trip to Ankara, the stakes are high. Both nations will be seeking a mutually agreeable deal that mitigates Morocco’s trade deficit without jeopardizing its domestic industry or triggering broader trade tensions. The outcome of these negotiations could significantly shape the future economic relationship between Morocco and Turkey.

Share This Article
Email Copy Link Print
Previous Article China’s Yuan Payment System Expands Across Africa and Asia Amid US Trade Tensions
Next Article UK Bans South African MP Julius Malema, Citing Hate Speech Concerns
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Liberia’s Howardsville Luxury Rentals (near RIA) for Tourists and Weekend Guests Provide Exclusivity and Affordability

Margibi County, Liberia - Howardsville Luxury Guests Rental is one of the exclusive Airbnbs in…

By News Desk

Somaliland opposition leader Abdullahi wins presidential election

The opposition leader of the self-declared republic of Somaliland, Abdirahman Mohamed Abdullahi, commonly known as…

By News Desk

Former President Trump on path to win U.S. 2024 Presidential Election

Washington, DC - As former U.S. president and Republican candidate Donald J. Trump and current…

By News Desk

You Might Also Like

BlogGlobal News

Sudan Severed Diplomatic Ties with UAE Amid Accusations of RSF Support

By News Desk
Afican NewsGlobal News

Liberia Mourns Influential Presidential Chief of Staff Sylvester Grigsby, 74

By News Desk
Afican NewsGlobal News

US Accuses Sudan of Chemical Weapon Use, Imposes New Sanctions

By News Desk
BlogGlobal News

Global Fears Rise as Israel-Iran Tensions Escalate, European Nations Brace for Potential Conflict

By News Desk
Africa News
Facebook Twitter Youtube Medium

About US


Africa News Today is your trusted source for the latest news, stories, and insights from the African continent. We are committed to providing accurate, unbiased, and comprehensive coverage of the diverse events shaping Africa’s future.

Top Categories
  • Africa News
  • Global News
  • Elections
  • Events
  • Opinion
Usefull Links
  • Contact Us
  • Advertise with US
  • Complaint
  • Privacy Policy
  • Cookie Policy
  • Submit a Tip

© Africa News Today. All Rights Reserved | Powered By Website Wale

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?