The Kingdom of Morocco’s return to the African Union opens up a greater chance for trade with countries in Africa. Part of the advantages of the country’s return into AU is the collaboration of varied commercial industries with African nations, most of which are developing faster in comparison with European states.
Analysts state that even though steady growth in economic trade with Sub-Saharan nations has been observed in the past years, this trade nevertheless symbolize a tiny proportion of Morocco’s total foreign market.
The latest African policy of Morocco compensates for the failed union of the Maghreb (Algeria, Libya, Morocco, Mauritania, and Tunisia). Because of the continuing dispute on Western Sahara, the union has failed to sustain its assurance of developing the trade amongst 5 countries. It has been recalled the several trips made by the Moroccan King to some countries in Africa as well as the signed agreements and treaties of Morocco with several African nations from 2000.
Financial businesses like banks have multiplied across Africa, having been established in over twenty countries. Royal Air Maroc, Morocco’s national airline, is among Africa’s biggest commercial airline, with the city of Casablanca used as a transit spot of thousands of Sub Saharan Africans exploring throughout the continent.
The Kingdom has initiated a variety of remarkable political and business interests with their close African neighbors. Referring to analyst Liesl Louw-Vaudran of South Africa’s Institute of Security Studies, an international news release points out that Morocco’s advantage in relation to their return to AU is giving it more legality and influence to push on obtaining a government settlement with regards to West Sahara’s sovereignty issues.
Morocco and Africa’s economic collaboration will further advance the economic growth of the two countries gaining positive growth for their people respectively.
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