The potential of bilateral trade between Morocco and Pakistan can go as high as $9 billion if all opportunities were exploited and exports between the two countries grow.
Morocco’s exports to this country reached their highest levels in 2018, totaling about $347 million, while imports from Pakistan amounted to about $35 million, according to the Moroccan ambassador to Pakistan, Mohamed Karmoun’s data.
Moroccan exports to Pakistan decreased slightly to $318 million, while Pakistan’s exports increased to $38.9 million, according to statements reported by Pakistani newspapers.
Pakistan’s exports to Morocco comprise denim and cotton fabrics, and rice whereas phosphoric acid, phosphates, and scrap metals were imported from Morocco during the same period, according to the Pakistan Business Council.
The Moroccan Ambassador also highlighted the important agreements and events of the journey of friendship.
Karmoun further stated various opportunities of commerce and trade between the two countries such as developing joint ventures.
Pakistan also supports Morocco’s autonomy plan on Western Sahara, in addition to other countries.
Previously, the Islamabad Chamber of Commerce and Industry (ICCI) has stressed stronger trade and commerce ties with the countries in the African continent.
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