Rabat, Morocco (TMT)- The Customs Administration in Morocco has begun imposing anti-dumping duties on imports of zinc-coated stainless steel wires from Turkey, starting from May 5th, following a joint decision between the Minister of Economy and Finance and the Minister of Industry and Trade. This duty is to remain in place for five years.
Imports under the free trade agreement between Morocco and Turkey have been steadily increasing over the last few years. In 2021, imports reached approximately 22.5 billion Moroccan dirhams, with 74% of these imports benefiting from the free trade agreement.
Morocco imports various products from Turkey, including iron, steel, cars, clothes, household appliances, plastics, wood, furniture, and paper. Trade relations between Morocco and Turkey account for around 6.9% of Morocco’s total trade. Morocco’s overall imports in 2023 have increased by 6.3%, reaching 54.4 billion Moroccan dirhams.
The Moroccan Times.
