US report highlights Morocco's international business strategy

Morocco is working hard to promote local economic development, by attracting foreign investment, according to a recent US Global Policy institute report.

“While there are still major challenges such as illiteracy and poverty, the path chosen by Morocco appears to be very fruitful,” says the report, which highlights the Kingdom’s economic path and strategy.

“The recipe is simple. But it is powerful: creating an enabling business environment by eliminating barriers and bottlenecks, creating win-win partnerships with businesses in liberal democracies committed to international investment rules and the trading system, fighting corruption, ensuring the rule of law, and educating young people and giving them the freedom to engage in productive activities.”

The report, issued by the American Center and entitled “Morocco’s Road to Development,” talked about transforming the Kingdom into a “regional business center.”

This will happen by “creating a business climate that encourages foreign investors looking for favorable conditions,” as “the country plans to take advantage of its unique position as a multilingual and global country in order to attract more investments in the latest sectors,” according to Paulo von Schiras, president of the American Center.

Paulo von Schirass said, “Morocco has political stability, a strategic geographic location, and a strong infrastructure, which has contributed to its emergence as a regional base for manufacturing and exporting international companies. Morocco actively encourages and facilitates foreign investment, particularly in export sectors such as manufacturing, through positive macroeconomic policies, trade liberalization, investment incentives, and structural reforms.”

“Morocco’s comprehensive economic development plan seeks to transform the country into a regional business hub by taking advantage of its unique position as a multilingual and global country located at a tripartite regional focal point in sub-Saharan Africa, the Middle East and Europe,” the head of the Global Policy Institute noted.

The recent American report monitored many advantages that Morocco has, the most important of which is its ability to reserve a good degree in “doing business,” noting that “Morocco has made efforts to gain a distinctive space among countries that seek to attract foreign investors,” continuing: “Moreover, according to the Perceptions Index Corruption, Morocco is ranked 87th on a par with Colombia, and in a better place than Brazil or Turkey.”

The second positives mentioned by the document are related to “modern infrastructure”, praising the position that the Tangier Med port occupies in the 23rd rank in the world, and the first on the Mediterranean Sea, not to mention its availability on the high-speed train since 2018.

The same source pointed out that the country is “a major exporter of fertilizers and agribusiness services,” saying: “Morocco has succeeded in transforming its vast wealth of phosphate minerals into a diversified conglomerate. Now, in addition to producing minerals and fertilizers, it sells agribusiness consultancy services to many international clients; Including many African countries.

The author of the report also spoke about “investment in education and gender equality,” saying that “the ongoing efforts by the government in the field of higher education. A promotional video produced by the Moroccan Agency for the Development of Investment and Exports shows that every year the country produces 152,000 graduates with industrial skills.

He continued, “Moroccan women enjoy a degree of freedom that is unique in the Arab world and other Islamic countries. Moroccan women can study, work, live alone, and run for political office. While there is still a significant cultural gap between more liberal urban societies and more conservative customs in rural areas, Morocco has generally made significant improvements over the past 20 years when it comes to promoting gender equality.”