Saturday, 4 Oct 2025
Subscribe
Africa News
  • Africa News
  • Global News

    Chadian Opposition Leader Succès Masra Jailed for 20 Years on ‘Politically Motivated’ Charges, HRW Says

    By News Desk

    Tanzania Shuts Down X Amid Growing Concerns Over Repressive Measures

    By News Desk

    EU and African Union Pledge Enhanced Cooperation Amidst Geopolitical Shifts

    By News Desk

    South Korean Investment Poised to Transform Liberia’s Agriculture Sector: Potential Investment Shows the Strategic Leadership of Agriculture Minister Nuetah

    By News Desk

    Colonel Mamady Doumbouya Stamping His Mark: A New Era of Progress in Guinea’s Politics

    By News Desk

    Uganda’s Yoweri Museveni, 80, Set to Seek Extension of Four-Decade Rule

    By News Desk
  • Elections
  • Events
  • Opinion

    Liberia’s Refugee Agency Rocked by High-Stakes Corruption Scandal

    By James M.V Yougie

    Suspended Nigerian Female Senator Barred From Parliament Amid Harassment Claims and Legal Battle

    By News Desk

    Liberia’s Riches, Foreign Profits: A Legacy of Exploitation Fuels Inequality as Riches Flow Outward

    By News Desk

    Somaliland Rejects Somalia’s Offer to Hand Over Key Port to US, Citing Sovereignty

    By News Desk

    Sidi Ould Tah Ascends to AfDB Presidency, Dubbed Africa’s New ‘Super Banker’

    By News Desk

    Ruto Cabinet Approves 90,000 Youth Job Opportunities with KSh 6,000 Stipend: NYOTA Programme Applications Underway

    By News Desk
  • 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 Elected to UN Security Council: A Historic Victory for the Nation and a Testament to Foreign Minister’s Leadership

By Emily Sims New York, NY – June 3, 2025 – Liberia has secured a non-permanent…

By News Desk

International Peace Negotiators and Experts Skeptical About DR Congo-AFC/M23 Qatar-Led Peace Deal

By Esther Edoh LONDON, UK - The Democratic Republic of Congo (DRC) and the AFC/M23…

By News Desk

Challenging the Taliban’s Violations of Afghan Women’s Rights

The Taliban’s egregious violations of women's rights in Afghanistan, especially banning women from education and…

By Dr. Alon Ben-Meir

You Might Also Like

EventsGlobal News

Historic DR Congo-M23 Peace Deal Brokered by Qatar Wins Global Acclaim

By News Desk
Afican NewsEvents

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

By News Desk
Boima Kamara, Director General of WAMA
Afican NewsBlogEvents

Boima Kamara Spearheads Transformation of WAMA into Regional Fiscal Policy Powerhouse in ECOWAS

By News Desk
BlogEventsGlobal News

In the Wake of U.S. -Canada tension, Britain’s King Charles Meets with Canada’s PM Trudeau

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?