Saturday, 12 Jul 2025
Subscribe
Africa News
  • Africa News
  • Global News

    Kenyan Manufacturers and Service Sector Shed Jobs Amidst Economic Headwinds

    By News Desk
    President Paul Biya

    Cameroon Stagnates Under Biya’s Grip: Is Real Change Possible?

    By News Desk
    International Monetary Fund (IMF) Managing Director Kristalina Georgieva

    IMF Chief Warns Trump’s Tariffs Pose “Significant Risk” to Global Economic Outlook

    By News Desk

    “They impeached me because I stood against the oppression of Kenyans”, says Kenyan Impeached Vice President Geoffrey Rigathi Gachagua

    By News Desk

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

    By News Desk

    Monrovia Mayor John Charuk Siafa Aims to Cultivate Cleanliness with School Sanitation Clubs After Successful City Celebration

    By News Desk
  • Elections
  • Events
  • Opinion

    Abuja Entrepreneurs Converge to Brainstorm Solutions to Business Challenges

    By News Desk

    President Mahama Starts Strong: Early Gains Mark Promising Start to Term

    By News Desk

    Ethiopian Airlines announces direct Addis Ababa – Conakry flights

    By News Desk

    Guinea’s Doumbouya Seeks Legitimacy with Proposed Seven-Year Presidential Term Amidst Regional Parallels and French Influence

    By News Desk

    “Go to Hell”: Kagame Defiant Amidst Western Sanctions Over DRC Rebel Support

    By News Desk

    UN Envoy Holds Talks with Congolese Rebels, Claims Desire for Peaceful Solution

    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

Albanese Secures Second Term in Australia, Voters Reject “Trumpist” Policies

By Jeffrey Stein Sydney, Australia - Prime Minister Anthony Albanese and his center-left Labor Party have…

By News Desk

Kagame Warns Belgium Against “Undermining” Rwanda’s Progress

Kigali, Rwanda - In a strongly worded address, Rwandan President Paul Kagame has warned Belgium against…

By News Desk

Sudan Severed Diplomatic Ties with UAE Amid Accusations of RSF Support

By Mohamed Ghani Khartoum, Sudan - Sudan has officially cut diplomatic ties with the United Arab…

By News Desk

You Might Also Like

EventsGlobal News

Trump Advisor Clarifies US Position on Western Sahara After Initial Remarks

By News Desk
Afican NewsGlobal News

Monrovia Welcomes Amali Data Programme, Unveils Ambitious Data-Driven Transformation Plan

By News Desk
Afican NewsBlogEvents

Chinese Embassy supports Monrovia city school feeding program in Liberia, as China’s influence widens across the country

By News Desk
EventsGlobal News

West African Nations Chart New Course After USAID Cuts, Embrace Trade, Innovation, and Global Partnerships

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?