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Morocco can be gateway for Indian apparel exports

Morocco could serve as a gateway for India’s exports to Europe, West Africa and the US. The country has trade treaties with several countries. Morocco has free trade agreements (FTA) with 55 countries. It is the only African country to have an FTA with the US. Morocco is now the largest foreign investor in India’s fertiliser sector. India sources a large chunk of its rock phosphates and phosphoric acid requirements for its fertiliser industry from Morocco, the world’s biggest phosphate exporter.

Although bilateral trade volumes hover around the $1.5 billion mark, the two countries decided to elevate bilateral ties to a strategic partnership in 2015. Morocco has old links with India dating back to the Delhi Sultanate. Morocco is a member of the Arab League, the Union for the Mediterranean and the African Union and has the fifth largest economy of Africa.

In its drive to integrate Morocco further in the global value chain, the country has also joined the G20 partnership with Africa initiative that aims at promoting private investment, particularly in infrastructure, for Africa’s sustainable economic development. Morocco is the seventh biggest exporter of apparel to the EU. Trousers and denim account for the largest share of exports followed by shirts and dresses.

 
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