Among North African countries, Morocco is the country that is “best controlling the pandemic” related to the novel coronavirus thanks to the proactive measures undertaken by the Kingdom since the appearance of the first cases, according to a report recently published in Spain.
“The Covid-19 crisis revealed the weaknesses of every country in North Africa. In the case of Morocco (…), the country has made a better management of the pandemic”, according to a report by the Chamber of Commerce of the Valencia region on the management of the spread of the new coronavirus and the future of exports from the Spanish region to its partners.
Morocco, which has taken a battery of measures to deal with the pandemic, stands out as “a very promising market with huge opportunities” for investors in the post-Covid 19 period, the same source noted.
Unlike other countries in the region “directly dependent on oil and tourism revenues” and which will be the “countries most affected” by the coronavirus crisis, Morocco has the “most diversified” economy in North Africa, which will allow the Kingdom to strengthen its position as a land of “opportunity”, explained the Chamber of Commerce of Valencia, a region that accounts for 10% of Spain’s GDP.
The report also forecasts an increase in trade between this autonomous community and Morocco from the second half of the current year.
The volume of trade between the autonomous community of Valencia and Morocco is currently estimated at EUR 1 200 million.
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