Doing Business in Morocco

doing business in Morocco

country profile international treaties and memberships government  Executive: The King is the chief of state and the prime minister is head of international  African Continental Free Trade Area Agreement (signatory) structure the government. The monarchy is hereditary with no executive or and regional  African Development Bank Group legislative powers. The prime minister is appointed by the monarch. The organisations  African Union Council of Ministers is selected by the prime minister in consultation with and customs  Arab Bank for Economic Development in Africa parliament and appointed by the monarch. unions  Arab League  Legislative: Morocco has a bicameral parliament.  Arab Maghreb Union  Judicial: The highest courts are the Supreme Court and the Constitutional  Bank for International Settlements Court. The subordinate courts are the courts of appeal, High Court of  Group of 11 Justice, administrative and commercial courts, regional and Sadad courts  Group of 77 (for religious, civil and administrative, and penal adjudication) and first  International Monetary Fund instance courts.  International Organization of the French-speaking World  Next government elections: October 2021.  Islamic Development Bank economic  Nominal GDP (USD billions): 123.78  Organisation of Islamic Cooperation data  GDP per capita (USD): 3 408.59  United Nations  Inflation rate (% change): 0.80  World Bank Group  Government revenue (% of GDP): 26.63  World Customs Organization  Government gross debt (% of GDP): 76.57  Morocco receives preferential treatment under the following agreements: http://ptadb.wto.org/Country.aspx?code=504 *Source: IMF (March 2021) bilateral  Morocco has bilateral investment treaties in force with Argentina, Austria,

investment Bahrain, Belgium-Luxembourg Economic Unit, Bulgaria, Burkina Faso,  The economy of Morocco is largely driven by services, industry and treaties China, Czech Republic, Denmark, Dominican Republic, Egypt, El agriculture with the main agricultural products being barley, wheat, citrus Salvador, Estonia, Finland, France, Gabon, Gambia, Germany, Greece, fruits, sugar beet, milk, potatoes, tomatoes, onions, grapes, and olives. Hungary, Indonesia, Iran, Italy, Jordan, Republic of Korea, Kuwait, The main industries include automotive parts, phosphate mining and Lebanon, Libya, Malaysia, Mali, Mauritania, the Netherlands, North processing, aerospace, food processing, leather goods, textiles, Macedonia, Oman, Poland, Portugal, Qatar, Romania, Slovakia, Spain, construction, energy and tourism. Sudan, Sweden, Switzerland, Syria, Tunisia, Turkey, Ukraine, the United  Morocco’s main export partners are Spain, France, Italy and the United Arab Emirates, the United Kingdom and the United States. States. The main export commodities include clothing and textiles,  Treaties have been signed with Benin, Brazil, Cameroon, Central African automobiles, electric components, inorganic chemicals, transistors, crude Republic, Chad, Congo, Croatia, Equatorial Guinea, Ethiopia, Guinea, minerals, fertilizers (including phosphates), petroleum products, citrus Guinea-Bissau, Japan, Nigeria, Pakistan, Portugal, Russia, Rwanda, fruits, vegetables and fish. Senegal, Serbia, South Sudan, Vietnam, Yemen and Zambia but these  Morocco’s main import partners are Spain, France, China, the United have not yet entered into force. States, Germany, Italy and Turkey. The main import commodities include crude petroleum, textile fabric, telecommunications equipment, wheat, gas investment-  Multilateral Investment Guarantee Agency and electricity, transistors and plastics. related  World Trade Organization agreements / risk ratings  World Economic Forum global competitiveness index (2019): 75/141 institutions  World Bank ease of doing business (2020): 53/190  Corruption perception index (2020): 86/179

1 doing business in Morocco

dispute  Convention on the Settlement of Investment Disputes (ICSID Convention) For more information or assistance please contact:

resolution  Riyadh Arab Agreement for Judicial Cooperation (Riyadh Convention) Celia Becker  Permanent Court of Arbitration Executive | Africa regulatory and business intelligence  United Nations Convention on the Recognition and Enforcement of [email protected] Foreign Arbitral Awards (New York Convention) cell: +27 82 886 8744 intellectual  A comprehensive list of IP-related treaties signed by Morocco is available property (“IP”) at: http://www.wipo.int/wipolex/en/profile.jsp?code=MA This document contains general information and no information provided herein may in any way be treaties construed as legal advice from ENSafrica, any of its personnel and/or its correspondent firms. Professional advice must be sought from ENSafrica before any action is taken based on the information provided herein. This document is the property of ENSafrica and consent must be obtained from ENSafrica before the information provided herein is reproduced and/or distributed in any way.

LAST UPDATED MARCH 2021