Wednesday, 3 Sep 2025
Subscribe
Africa News
  • Africa News
  • Global News

    Kemi Badenoch: “I No Longer Identify as Nigerian” Despite Ancestry

    By News Desk

    Gates Urges Wealthy to Increase Philanthropy, Pledges Majority of $200 Billion Fund to Africa

    By News Desk
    President Ramaphosa and South Africa GNU top brass

    Cracks Emerge in South Africa’s Unity Government: Can It Endure?

    By News Desk

    Courtroom Erupts in Tears as Details Emerge in Case of South African Girl Sold by Mother

    By News Desk

    Liberia’s Political Landscape Shifts: Four Women Rise to the Forefront After Sirleaf’s Legacy

    By News Desk
    Vice President professor Naana Jane Opoku-Agyemang

    Ghana: Vice President Opoku-Agyemang Travels Abroad for Further Medical Evaluation

    By News Desk
  • Elections
  • Events
  • Opinion

    Countering the rising scourge of terrorism

    By News Desk

    Thousands of Palestinians Protest Hamas in Gaza’s Largest Demonstrations Since War Began

    By News Desk

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

    By News Desk

    Indian Parliamentary Delegation to Visit UAE, Liberia, Sierra Leone, and DR Congo to Discuss Counterterrorism

    By News Desk

    Liberia’s Nimba County By-Election: A Battleground for Koung’s Influence and Political Futures

    By News Desk

    Zimbabwe: Instead of focusing on crushing public dissent, a wise leader would have addressed their grievances

    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

UK Transfers Sovereignty of Chagos Islands to Mauritius Amidst Legal Challenges and Controversy

By Jeffrey Stein London, UK - In a move laden with historical significance and fraught with…

By News Desk

Growing Chorus in Nigeria Yearns for Change, Driven by Peter Obi’s Leadership Vision

By Abu Hassan LAGOS, Nigeria - As Nigeria gears up for the next round of elections…

By News Desk

Tunisian Opposition Leaders Jailed on Terror Charges, Sparking Outcry Over Eroding Democracy

By Mohamed Ghani Tunis, Tunisia - A Tunisian court has handed down lengthy prison sentences, some…

By News Desk

You Might Also Like

Captain Ibrahim Traoré, President of Burkina Faso
BlogGlobal News

Beyond the Coup in Burkina Faso: Why Captain Traoré Still Commands Respect in the West

By News Desk
Afican NewsGlobal News

Morocco’s E-Visa Soars: Nearly Half a Million Applicants in Three Years, Fueling Tourism Boom

By News Desk
President Willim Ruto of Kenya
Afican NewsGlobal News

Ruto Vows to Transform Nairobi into a Modern, Accessible City

By News Desk
Afican News

China’s Xi promises one million jobs for Africa

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?