The Role of International Trade-Morocco

This week, our subcommittee country is Morocco. And we found some information about Morocco. As we know that Morocco locates on North Africa, territorial area is 710,000 square kilometers and a population is 32 millions. Moroccan GDP was $ 91.7 billion, $ 2,839 per capita in 2010. Economic growth rate was 3.2 %, the inflation rate was 1.4%. And we can say that Morocco is the emerging economic. Even they have ample phosphate ore; they still rely on import and export for their trade in recent years.

Morocco exports and imports most of its goods from the European Union, with France being its largest trade partner, providing one-fifth of total imports and accounting for one-quarter of exports. Spain comes in second place, followed by the United States, Italy, and Saudi Arabia. Moreover, Morocco signed some many FTA with different countries in the world. Also they have good cooperation relationship with China. Because France has dominated Morocco before, France is their biggest foreign direct investor.

In my opinion, Morocco really has many comparative advantages. They have ample nature resources and have many trade partners in the different types, like USA, China, UN, and Arabic, which are really big markets in the world. In addition, I think they not only have geographic location, but also language talents in advance. Most Moroccan can speak more than 3 languages, which is really helps them to have international trade. And I am really surprise that Morocco is a really potential country in the world.