Partnership Morocco and Senegal

The economy at the heart of the visit to Morocco Macky Sall. Senegalese President remain three days in Morocco. This visit will be primarily economic in nature, Senegal is now Morocco’s largest trading partner in sub-Saharan Africa. Thus, between Morocco and Senegal, trade grew by 116%. Moroccan expertise finding opportunities in Senegal in the building, the pharmaceutical industry, transport or electrification. Since 2005, Moroccan banks also eyeing this market. Two of them are already installed: BMCE and Attijariwafa Bank. But the balance of trade between the two countries is clearly to the advantage of Morocco. In 2011, Senegal imported about million of Moroccan products 40. In contrast, exports to the kingdom are very low contrast. To restore the balance, Morocco proposes to extend its partnership with the eight member countries of the West African Economic and Monetary Union (WAEMU). A market of 60 million people. A trade agreement between Morocco and the WAEMU was signed in 2002, but there are still sticking points. Some states consider them too weak to compete with the Moroccan economy firms. They ask to be put in place mechanisms for customs taxes to their advantage.

 

Source: Jaeune Africain