The French Chamber of Commerce and Industry of Morocco is also known as CFCIM Chamber. It is basically to facilitate people with the better quality of business and deals with the market changes efficiently. The chamber actually provides the information to the companies about the economy of Morocco so that when they encounter any kind of problem, they will successfully deal with it. The market fluctuations are really common, and they take place in the economy on a routine basis, being able to deal with them correctly is the right art. All the regulations, as well as the fiscal changes, are identified and communicated to make the decision-making process easy.
The headquarters of this chamber are divided into multiple regions. These regions are Industrial Parks, Campus, seven regional areas according to the major cities and Casablanca. These offices are very good at providing a better understanding of the market conditions by that assistance large, and small businesses take decisions. The connections of this office are with the French Embassy in Morocco, the exterior Economy Council present in the France as well as its office present in Paris. These services are basically provided with the help of City France, and the location is in Morocco.
Basic information about the organisation
Actually, the sole purpose of this business is to make the market open for the Small and medium enterprise present in France. The target countries where they want to expand their business includes the countries of Morocco, USA, Tunisia, and China. The basic services provided by them includes the availability of advice and consultation of key problems, the proper information about the rules and regulations of the country they are operating in, carrying out operations on the sectoral basis and highlighting the new market opportunity for the potential business. The business sectors which are gaining an advantage by this whole effort include the wholesale and retail industry, services sector, agriculture as well as manufacturing industries. These businesses can seek the help of this amazing organization for their welfare and wellbeing.
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Types of internationalization
The operations they are carrying out are the type of internationalization. Businesses are expanding nowadays, and they are going beyond the national boundaries but, any business cannot expand and set up the business worldwide directly. In addition to high level of capital investment, many other factors should also be kept in mind. The economies of different countries are different, and the land, labour, capital has a high impact on the success of any business. The whole market analysis should be conducted in advance, and you can only open up to new opportunities once you have done your homework. So, in the process of internationalization, first of all, you start with import and export, and gradually the steps are taken towards opening an FDI which is foreign direct investment or subsidiary in the host country. This organization helps in moving towards other countries in the forms of export, import, providing technical co-operation, becoming the contractor or subcontractor, settling down of a subcontract, and also information about the foreign direct investment. The language used for all the operations is French because the origin of this chamber starts from France. The main advantage it provides is that only the French organizations do not get benefit from its operations, but the companies in Morocco are also advised in the same manner in deciding the type of investor they want. This factor at the end makes the mutual benefit for all by optimising the resources in an efficient manner.
Sectors getting help from the operations
Briefly, you must know about the types of sectors they are helping to expand the business operations. It is basically an international organisation which is operating in Morocco for the success and development of growing businesses. The sectors that are getting help from this belong to a wide category. The companies have offices in Morocco, and they are managing and expanding the business operations locally as well as internationally. These companies include the corporations performing the operations of property development, lawyers, airline business, import and export of goods, banks, tourism organisations, finance companies, electronic manufacturing, Information technology, and legal consultation. The sole purpose is to protect the interests of these organizations and make maximum profit out of their business operations. The experiences of people working in the sector from a long time are shared among different people and then thy implement them to achieve the ultimate goal of the organization. This is highly productive work if it is done in the right manner and French Chamber of Commerce and Industry in Morocco are doing it perfectly.
How these functions are carried out
When you are conducting any business, especially of this level, you have to let people know about your operations and the trust of public on your organization is an essential thing. To make people aware of your operations, you have to follow right marketing techniques. Connections and organizing different operations is also an important task. When you introduce your platform on a big level is the most important thing here. CFCIM is putting a large role in this regard. First of all, they have a connection with the governments of all the related companies. Then the connections with the civil society are also very positive, they help the company to integrate into the business sector to a considerable level which is a lot helpful because the main operation of this organization is the business sector. They are also making efforts to communicate to general public and business sector through the Local Media and press. They do routine advertisement to provide knowledge about the offerings they represent and help with the rules and regulations provided to the customers. Then comes the most important thing, multiple trade shows and events are organized. Then trade shows help the business class know about the company in detail. If they have any kind of ambiguity regarding the company, they can ask that and will be answered at a satisfactory level.
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Exhibitions and events that are organized
The company has a vast experience in the field of performing the exhibitions. They are doing these operations from thirty years and hold the credit of arranging multiple high-end events and trade shows. These shows have a high success rate. The needs of clients are addressed in the best way possible, and all the offerings are aligned with them properly. The company has a deep insight into the market conditions every year, and then the list of trends which are most common is made. Then the preparations are made to organize all those events in accordance to latest trends. When these events are taking place, all the organizations which are participating are given advice about enhancing their business operations. Useful tips about the advertisement and participation in these events are provided. All these things are done to achieve the sole purpose which is to make the best relationships among the business sectors so that they can collaborate for the better future ahead.
Certifications of CFCIM
Nowadays the thing which is gaining focus in the environment of most succeeding organizations is the quality management and their quality evaluation approaches. The CFCIM is awarded for the quality of their work numerous times. They have been given the Evaluation ISO 26000, ISO 9001 v2008 certificate for the quality management system they have which moves them towards continuous improvement. They also hold the credit of being the first company in Morocco which is awarded the AFNOR CSR Commitment award. The score presented to them after assessment of operations was of 2nd level in the AFAQ 26000. They are awarded by this just because of their endless efforts in the corporate social responsibility management. Another award is of CFCIM’s HQE A management certificate for the project they carried out by the name of Berrechid Ecopark Project. This project was based on the concept that company has a high concern about the energy consumption and other environmental conditions. The health conditions were also taken into account which means that the overall well-being of every individual is important. If we talk about the financial conditions and managements, all of those are highly regarded and managed by the company.
How to become the member of French Chamber of Commerce and Industry of Morocco
When it comes to the membership of French Chamber of Commerce, there are different categories which are kept in mind. There are three categories which involve Patron, Active and Corporate. The network is very large which includes almost 60% of the companies present in France while other 40% is among the British and other nationalities. The details of existing companies working under these memberships are as follows.
- In the category of Patron membership, there are 80 blue chip companies operating. This is the exclusive membership which offers a lot of benefits to its members. All the affiliates of this deal are exclusive companies which have a high level of returns and get a maximum payback of their investment.
- The second category is of corporate membership. These are 70 companies in the corporate sector of this organization. These companies are high-level companies in the corporate sector.
- In the end, there is the active membership. This category involves the 450 Small and medium enterprises also known as SMEs. These members work with each other to gain maximum benefit and take decisions which are to the mutual benefit of all.
These members are further categorized, and they are recognized in three categories. These three categories help to combine the members with the same identity. Through this, they can achieve the shared value creation by the experience of all. Here is the further categorization across the boundaries of individual organizations.
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Members by the job titles
As the network is really diverse and has each kind of people in it. When we combine the people with the same identity and job title, thy can help each other in a much better way. The members who are part of this system mostly belong to the senior management of large companies. Chief executives, chairpersons, as well as managing directors are the part, and they have such a wide experience which is helpful for all. This is such a diverse network that there are many high profile individuals working in the environment. These members integrate and build a relationship in the events conducted by the company round the year there is a total of almost 50 events conducted in a single year. These events are really helpful in building contacts and good business networks in the industries.
Members according to the sectors and activities
According to the business sectors in which multiple people are operating, there are many people who need detailed information. There are proper clubs and forums which help in better understanding and discussions. There are some of the practices which need to be developed, sharing of the expertise and knowledge is also required. Actually, the business and industry of every country are different, and you have to deal with the market in a certain way if you have a connection with the people working in the industry ahead of you, they will teach you many priceless tactics to be successful in the market. The forums are divided into the legal forums, climate changes, financial forum, Human resource forums, cross-cultural relationship management, and economic developments. However, the clubs include the Entrepreneurs, Luxury clubs, and SMEs. There are also networks for women business which can be accessed according to your area of business and expertise.
Members according to the nationality
When you are working in any nation, or across the boundaries of a single nation, the presence of the brand is becoming really important for your success. There are magazines which are made by this company to be circulated in the business class via different channels. These magazines contain all the information about the nationality of businesses which are operating in different countries. The people who are present in the same nationality members, they can have the better understanding of the economic conditions prevailing in the area. Through connections and better networking, they can have access to all the required information and resources at the right time. If cards are played rightly, the companies can get huge benefits from this opportunity. This will help the company to grow its own mission. The sole purpose is to enhance the business activity on both sides of the network.
Benefits of becoming the member of French Chamber of Commerce and Industry of Morocco
When you become the member of such a huge network of trade and commerce panel, you will have larger perspective for the future. Those goals can be achieved by taking the help of this network. There are so many organizations who are taking part in this that you will feel advantage by taking this initiative for your company. Here are some of the in-depth advantages of becoming the part of this diverse network.
Opportunities for networking
There are almost 600 companies which are the part of this large network. They all work for the better future and understanding of the market. You can get valuable information by the information and experience they have. First of all, all the rules and regulations are made clear to you about the market you are going to work in. If you are facing difficulty in coping up with any of the operation, you can take the consultation of the experts of that respective field. All the companies are divided according to sectors because the demographics differ according to the business you are carrying out. The main purpose of this company is to facilitate the businesses in the best way possible for them. But, the thing that needs to be understood here is that success is for one who seeks it. If you just sit idly, you will not get anything in return. You are given the platform and then utilising that to the optimum level is your responsibility.
The prominence about your business is increased. When you are working in any kind of market, creating the brand awareness in the minds of the customers is the most important aspect. When you are the part of such a huge network, your name is associated with every action they take. Most of the people will get familiar with the business operations you do. Then there are a lot of functions and events carried out every year. Your name is displayed as the member, and you get the whole sea of opportunities coming towards you. The art is to utilise all the correct options you get rightly. When you get familiar with the environment and everyone in the surrounding is acquainted with your name, the penetration in the market becomes easier. You also get to know about the tactics which are needed to survive successfully in the market.
Then comes the point of information. In this busy world, successful is the one who is informed. You do a lot of things to be informed about the latest trends that are specially related to your line of business. There are so many companies that are connected to the same network and industry who are part of this organisation. You can make a connection with them, and you will be updated with the required information. Knowing the right information at the right time is the essential point which needs to be understood. First of all, the company makes a lot of efforts to keep you informed about the latest trends that are related to your company and business sector. There is a grouping of every company that is the part of this network. The whole information system is really strong that works for the mutual benefit of complete industry.
Opportunities for cost-saving
Conducting a business solely and without any help with the market forces is a very difficult task. There is the concept of cost of information. That means that if you want to get the right information, it is also a commodity because it helps to carry useful decisions for your business. When you look for this information from the open sources in the market, you have to pay a cost for it. However, if you are the member of this.
Organization, you will get all the information without any cost. So is the case with all other resources. Even if you are going to open operations in any other place, you have to bear a lot of cost in many terms. Knowing about the right rules and regulations and the ways to operate in the market successfully are really important here. The company helps you know about all these details and the recommendation of right business partners with whom it is good to build alliance is really important. This company provides you many scenarios from which you can save a large sum of money.
Understanding the legal complications
When you are moving across the boundaries of your own nation, there are many differences that you have to face. First of all, there are legal challenges. Because the law and order system of any state and country are solely different from other. You must now about all the rules and regulations before making an investment in that market. The knowledge about all the tax rates, interest rates, they type of debt you can take and the in-depth information about the stock market. These things are necessary to know while making the investment decision and considering what type of investment you are going to make. The legal forum of French Chamber of Commerce and Industry of Morocco help in better understanding of all these aspects in a better way. This information about the legal environment make it easy to take steps in your business operations, and you get away with many of the difficulties sometimes you are taking the decisions according to the system of your own country, but they are not applicable in the same way as they used to be. So, the detailed knowledge about the host country brings positive results at the end.
Important Function of French Chamber of Commerce and Industry of Morocco
As this institute is performing many operations on a huge level and that is a really difficult task. There are some important functions which need to be performed to achieve the success. He French-Morocco economic world is a huge opportunity, and the purpose of this organization is to gather all these companies at a single platform. The primary function of this company is the increased participation of French companies in the expansion of Economy of Morocco. This will ultimately improve the relationship between the companies as well as countries. Such a strong bonding will bring many benefits in the future in the form of strengthened economy of Morocco and expansion of French companies. Some of the detailed functions which are performed by French Chamber of Commerce and Industry of Morocco are as follows.
The expansion and growth are the factors which can be accomplished only when collaboration is between all the members. The mutual coordination of every single entity makes the success possible. However, allowing the foreign companies in your own market to expand the business is an important and welcoming step towards the growth. In some past economic years, the Spanish and French companies raided the Moroccan market, in the past year, the total of 1100 companies started their operations in the Moroccan market. Among them, 50 were large organizations while 1050 were the SMEs. This will decrease the unemployment rate in the industry. Mutual benefit is achieved by utilizing the unemployed force of one country and investing the resources of another company in opening new avenues of success.
When two economies are merged in this way, there are large benefits which follow. The sole purpose of this company is to build the relationship between the business companies working in the market. CFCIM is playing a vital role in developing these relationships. It offers the membership to all the companies present in both markets and develops a healthy relationship with them. They not only facilitate the French investors coming in the market but also offer the right information to the people in Morocco so that they can utilize their resources in the right opportunity. According to different businesses, classes are categorized. The resources which are needed by identical sectors are provided to each of them in an efficient manner.
Operate nationally and across boundaries
The function of CFCIM plays a great role in this respect. The companies that are connected to the organization have a single goal, which I internationalisation. Now the level may be different they all want to make the best out of every possible opportunity. The right opportunities which are waiting for the company to get hold of it are present out there in the market, but because of the difference in demographics and economy, it is not easy to grasp it. So, the opportunities across the boundaries are presented to the company. The attraction for investors in created by organizing different events and trade shows.
Now, if we talk about the sectors, there are different sectors of each economy which are growing and have high potential. This is the case in which French investors are coming to invest in Morocco. Here the analysis of market conditions is necessary. Through that, the right information will be obtained by the company, and they will be able to disseminate it to right owner at the right time. In the economy of Morocco, the growing sectors include the renewable resources, construction industry, infrastructure, and tourism. Here, welcoming the engineering and construction companies would be beneficial. The CFCIM is making efforts to bring the IT in the economy which will help in developing the better system and integration of resources. Information technology is one of the latest trends and without this, it is not possible to have growth in any sector.
Analyzing the market condition
This is an important function of CFCIM. First of all, they analyzed the economy of Morocco and realized that there is a need for business outsourcing. There are local companies present in the region, but they are lacking in the expertise which is necessary to be present in the international economy. This expertise can only be developed by the foreign companies who are good at this. Attracting the investors from the foreign market is the most imperative task. The economic condition suggested that there is a need to overcome the crisis present right now and conducting the business in a well-developed manner is essential. CFCIM did the analysis of this market and then proposed initiatives to solve this problem. They are doing the significant task of analyzing the industry efficiently, knowing about its needs and wants and then providing them through the mutual collaboration of both the economies.
Why French Chamber of Commerce and Industry of Morocco is important
Recent years have reported an increase in the growth of the GDP and decrease in inflation in the economy of Morocco. This is all because of the operations and initiatives performed by the government of Morocco. They are building alliances with the foreign countries and companies to strengthen the economy of Morocco. The positive indicators which are looking towards the improvement of business in the economy are as follows.
Growth in GDP
The GDP has seen a huge rise in recent years. But the condition is not clear yet. There was an increase in 2014 however after that a fall was seen. This is because of the economic crisis. The agriculture sector has seen a decrease in the GDP, but the non-agriculture sector showed an increase of 2.3% which is not bad. The GDP is seen by the population growth. In few of the recent years, the population growth has observed a slowdown effect. According to the latest calculation, the population is 33.85 million people.
The rate of inflation in Morocco is kept low by the governing authorities in the recent years. The annual rate of inflation has not increased from 3.9% from the past two decades. The company relies on the energy sector through imported energy which is a huge problem. A considerable amount of budget is allocated to that sector, and the prices of good are affected by that rate of energy consumption. However, the government has a huge role in minimizing the effect of this increased expense of these high expenses on the pocket of customers. The consumer price index increase of less than 0.5%. All these factors indicate the better growth in the economy of this place.
There is a need to develop this French Chamber of Commerce and Industry of Morocco because of the high growth potential it offers. The future forecasts indicate the growth in the economy of the country over the coming years. Even the international increase in prices has a small effect on the prices of goods present in this region. Even the oil prices were from $45 to $50 in the year of 2005 which is exceptionally low.
Development of new strategies
All these changes are made just to see the increase in the industry sector and have improvement in the economy. When French companies will come to the market and teach the expert tactics of managing the corporations, there will be an increase in the employment rate and success level will enhance. There are some of the industries which offer a competitive advantage to Morocco. These industries include food processing, automotive, textiles, offshoring, electronic and aeronautics. If the focus is shifted towards these industries, huge profits will follow at the end.
Employment generation and workforce training
This is a vital step towards generating the employment in Morocco although there are many companies they need to be developed and know the right techniques to carry business. When French companies are made here, they will open up the new ways for people to earn money, the local people will know the new techniques. This openness to learning and experience will give them a huge edge in the future. The training of the workforce will be done free of cost. This is ultimately in the benefit of Morocco industry. CFCIM make the decisions which are in the best interest of both the countries because they are operating mutually on this.
Relation of French and Morocco
As the project of French Chamber of Commerce and Industry of Morocco is a business and the nature of this business is to develop B2B relationships. In this respect, the relationships of French and Morocco are really important. Although they are partners in this, the investment of French economy in the market of Morocco will bring ultimate benefit to the Moroccan economy. There will be an increase in the international competition. The growth in the present year is 3% that is expected to reach the level of 4.4% next year. Due to the steps were taken in the past, considerable improvement in the fields of the Automobile industry and Aeronautics is seen. These developments will reach to a great level in the coming years, and the relationships will see the following phases.
Hub for Africa
Due to the financial crisis going on in the Africa, the Morocco has performed well in the recent years because of which it is known to be the hub for the economic development of Africa. As French investment will improve the conditions, the primary focus is to sustain good relations between both of the countries. The strength of the links is expected because of the improvement in the logistics, geographical locations, local competencies and development in the financial conditions.
Dependency on Relationship with the Africa
The relationship between Morocco and France are highly dependent on the relationship of France with Africa. They are interrelated to a large level. In the old eras of the 17th century, the French ambassadors were sent to this place to have a visit. So, the relations are really old, and they continued from the 17th century. There were wars but also the collaborations were made in between. The nature of relationships is mixed.
In the modern era, there is a trade partnership in both of the countries. France and Morocco collaborate and France acts as the supplier as well as a customer of Morocco regarding trading activities. Many foreign investment schedules are made in the economy of Morocco by France to enhance the development procedure by French Chamber of Commerce and Industry of Morocco. The relationships are friendly in these days, and people are looking forward to the future of both states to see the trend in the international economy. There are also the agreements about the building of high-speed train in Morocco by France investment. Even in the football team of Morocco, there are ten players who are French-born.
Impact of past wars on modern relationships
It is clear that in the past there were wars between both the countries and now in spite of the good relationships, there are some of the points which cannot be ignored. There are still political strategies which are carried out nowadays, and they should be avoided to have a better future ahead.
The main purpose of French Chamber of Commerce and Industry of Morocco is to remove all these barriers and not let the past come in the way of success. The ultimate goal is the development of powerful business operations in present time, and it should be achieved no matter what. After all the world of business is all about profit-seeking which can only be achieved by mutual collaboration. The young population of Morocco is crowded with new ideas and dynamics of changing the traditional boundaries in the field of business. That capital should be utilized properly, and CFCIM is playing a significant role in doing so.
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