Trade between Morocco and Tunisia promises a bright future
Economic relations between Morocco and Tunisia should experience a great boost in coming years given the potential inherent in the two countries and the common will to boost trade within the Arab Maghreb Union (AMU) and to encourage complementarity and economic integration in the strategic union.
Source : https://www.marocafrik.com/english/Trade-between-M...
The establishment of diplomatic relations between Morocco and Tunisia since 1956 reflects the strategic importance granted by the Kingdom of Morocco to the Republic of Tunisia as an ally and economic partner of the political foreground.
The cooperative relations between Morocco and Tunisia are governed by a rich and varied legal framework with more than fifty agreements and conventions which have seen their economic exchanges grow significantly in recent years especially folowing the Free Trade Agreement of Agadir which came into force in 2004.
Indeed, the overall volume of trade between Morocco and Tunisia, which amounted to 1.56 billion dirhams (billion dirhams) in 2005, more than doubled in 2010 to reach over 3.35 billion dirhams.
According to data from the Exchange Office, trade between Morocco and Tunisia increased from 1.96 billion dirhams in 2006 to 2.31 billion dirhams in 2007 before stabilizing around 2.57 in 2008 and 2009.
This upward trend in trade was maintained in 2011 with a volume of 2.94 billion dirhams at the end of November, despite a difficult economic context marked by the events of the Arab Spring.
However, although trade between the two countries has grown significantly, they still fall short of aspirations, compared to the level of their trade with the European Union.
In late November 2011, Morocco, the third largest trading partner of Tunisia (15.9 pc of trade), imported from that country, for a total of 2.08 billion dirhams, mainly dates (403 MDH), plant products gross (181.5 million dirhams), chemical (129.5 MDH) and paper articles (130.3 million dirhams).
Moroccan exports to Tunisia, which total amounted to 855.6 million dirhams at the end of November 2011, focused primarily on capital goods, intermediate manufactured products,pharmaceuticals and food.
Rabat and Tunis are driven by a strong desire to develop further their relations and work to deepen and expand them to serve the two peoples.
Moreover, at the last meeting in Tunis from Minister of Foreign Affairs and Cooperation, Saad El Dine Otmani with his Tunisian counterpart Rafik Abdesslam focused in particular on ways to strengthen bilateral cooperation in political, economic and cultural revitalisation through agreements between the two countries.
The two countries also aspire to establish an effective partnership and lay the groundwork for a new order in the Maghreb, as pointed out by King Mohammed VI in his address to the nation on the occasion of the 36th anniversary of the Green March, is paving the way for complementarity,solidarity and development.
Tunisian President Marzouki, who is visiting for fellowship and work from 8 to 10 February in the Kingdom is also animated by the same desire and believes that countries of the region must begin to "dream for an active North African Parliament and Maghreb institutions on the European model ".
Aware that the five countries in the region have a "common future in the Great Maghreb", the Tunisian president Marzouki regards the construction of the Maghreb Union as a"top priority" for Tunisia in 2012 and has declared it as the year of the Maghreb ".
The cooperative relations between Morocco and Tunisia are governed by a rich and varied legal framework with more than fifty agreements and conventions which have seen their economic exchanges grow significantly in recent years especially folowing the Free Trade Agreement of Agadir which came into force in 2004.
Indeed, the overall volume of trade between Morocco and Tunisia, which amounted to 1.56 billion dirhams (billion dirhams) in 2005, more than doubled in 2010 to reach over 3.35 billion dirhams.
According to data from the Exchange Office, trade between Morocco and Tunisia increased from 1.96 billion dirhams in 2006 to 2.31 billion dirhams in 2007 before stabilizing around 2.57 in 2008 and 2009.
This upward trend in trade was maintained in 2011 with a volume of 2.94 billion dirhams at the end of November, despite a difficult economic context marked by the events of the Arab Spring.
However, although trade between the two countries has grown significantly, they still fall short of aspirations, compared to the level of their trade with the European Union.
In late November 2011, Morocco, the third largest trading partner of Tunisia (15.9 pc of trade), imported from that country, for a total of 2.08 billion dirhams, mainly dates (403 MDH), plant products gross (181.5 million dirhams), chemical (129.5 MDH) and paper articles (130.3 million dirhams).
Moroccan exports to Tunisia, which total amounted to 855.6 million dirhams at the end of November 2011, focused primarily on capital goods, intermediate manufactured products,pharmaceuticals and food.
Rabat and Tunis are driven by a strong desire to develop further their relations and work to deepen and expand them to serve the two peoples.
Moreover, at the last meeting in Tunis from Minister of Foreign Affairs and Cooperation, Saad El Dine Otmani with his Tunisian counterpart Rafik Abdesslam focused in particular on ways to strengthen bilateral cooperation in political, economic and cultural revitalisation through agreements between the two countries.
The two countries also aspire to establish an effective partnership and lay the groundwork for a new order in the Maghreb, as pointed out by King Mohammed VI in his address to the nation on the occasion of the 36th anniversary of the Green March, is paving the way for complementarity,solidarity and development.
Tunisian President Marzouki, who is visiting for fellowship and work from 8 to 10 February in the Kingdom is also animated by the same desire and believes that countries of the region must begin to "dream for an active North African Parliament and Maghreb institutions on the European model ".
Aware that the five countries in the region have a "common future in the Great Maghreb", the Tunisian president Marzouki regards the construction of the Maghreb Union as a"top priority" for Tunisia in 2012 and has declared it as the year of the Maghreb ".
Source : https://www.marocafrik.com/english/Trade-between-M...