Morocco India Cooperation & Trade

Heralding a new chapter in India’s seven centuries-old relations with Morocco, the Federation of Indian Export Organisations (FIEO) and the Moroccan Centre for Export Promotion (Maroc Export) have signed a Memorandum of Understanding (MoU) here during the ongoing India-Forum Summit.

The MoU will allow cooperation and exchange of information related to trade, technical transfer and economic cooperation.

Maroc Export, which has brought a 50-member Morocccan business delegation here, signed a second MoU with India’s PHD Chamber of Commerce “to create synergies between the two organizations for the benefit of the companies residing in their respective countries.”

The business delegation’s visit and the agreements reflect both countries desire to expand the phosphate-centric trade relationship to other sectors. Morocco’s King Mohammed VI is attending the third India-Africa Forum Summit (IAFS) to consolidate Morocco’s relationship with India.

 

Trade Promotion Programme – Focus: Morocco

Economic Indicators (Year 2002)

*  Population (mid year in Million) 29.6
*  GDP (US$ Billion) 37.3
*  Average Annual Growth of GDP Per Capita 2.9
*  Average Annual Growth in GDP 4.5

Top 20 Product Groups of Morocco’s Global Imports, major supplier countries and India’s %age share. (Year 2002)

Value in Million USD

S.No. HS code Product Description Global Imports Imports from India Top Supplier Countries Year 2000 India’s % Share
    All products 11,878.17 87.14   0.734
1 27 Mineral fuels, oils, distillation products, etc 1,838.62 0.00 Iraq, S.Arabia, Iran 0
2 84 Nuclear reactors, boilers, machinery, etc 1,178.32 8.57 France, Italy, Germany 0.727
3 85 Electrical, electronic equipment 1,057.48 3.68 France, Sweden, Spain 0.348
4 10 Cereals 738.51 0.20 France, Canada, USA 0.027
5 87 Vehicles other than railway, tramway 606.93 1.82 France, Japan, Germany 0.299
6 52 Cotton 536.89 21.38 France, Spain, UK 3.983
7 39 Plastics and articles thereof 434.24 1.22 France, Spain, S. Arabia 0.280
8 55 Manmade staple fibres 417.49 6.11 France, UK, Spain 1.464
9 72 Iron and steel 397.64 3.51 France, Russian Fed, Spain 0.883
10 44 Wood and articles of wood, wood charcoal 220.76 0.02 Sweden, Brazil, Gabon 0.011
11 48 Paper & paperboard, articles of pulp, paper and board 187.99 0.05 France, Spain, Sweden 0.028
12 15 Animal,vegetable fats and oils, cleavage products, etc 187.03 0.33 Argentina, Netherlands, France 0.178
13 60 Knitted or crocheted fabric 178.79 0.00 France, UK, Spain 0
14 29 Organic chemicals 173.80 6.59 France, libya, Spain 3.794
15 88 Aircraft, spacecraft, and parts thereof 163.27 0.00 USA, France 0
16 90 Optical, photo, technical, medical, etc apparatus 154.69 0.83 France, Japan, Spain 0.538
17 17 Sugars and sugar confectionery 149.21 0.00 Brazil, Guatemala, El Salvador 0
18 73 Articles of iron or steel 148.45 2.37 Spain, France, Italy 1.594
19 25 Salt, sulphur, earth, stone, plaster, lime and cement 146.73 0.12 Poland, Russian Fed S. Arabia 0.085
20 30 Pharmaceutical products 144.10 0.69 France, Germany, Italy 0.480

Source – UN Database

Principal Commodities of India’s Bilateral Trade with Morocco

India’s Export of Principal Commodities to Morocco

Rank Commodity Value in US$ Million April – Dec., 2002 Value in US$ Million April – Dec., 2003 % Share in April – Dec., 2003 % Age growth / decline Apr – Dec 2003 / Apr – Dec 2002
  Total 87.22 59.05 100.00 -32.30
1 Manmade yarn, fabrics, made-up 12.21 12.72 21.54 4.17
2 Cotton yarn , Fabrics, made-up, etc 12.69 10.74 18.19 -15.35
3 Machinery & Instruments 9.37 8.25 13.97 -11.99
4 Manufactures of Metals 2.17 2.40 4.07 10.88
5 Other Commodities 1.42 2.05 3.46 44.21
6 Transport Equipment 2.52 2.00 3.39 -20.53
7 Primary and Semi-Finished Iron & Steel 0.77 1.58 2.67 104.45
8 Electronic Goods 0.12 1.50 2.55 1147.68
9 Natural Silk yarn, fabrics, made-up 2.45 1.40 2.38 -42.73
10 Plastic & Linoleum Products 1.42 1.34 2.26 -5.79
11 Drug, Pharmaceuticals & Fine Chemicals 2.38 1.31 2.22 -44.98
12 Rubber Manufactured Products Except Footwear 0.95 1.11 1.89 17.48
13 Sugar 1.09 1.85
14 Tobacco Unmanufactured 0.36 1.05 1.78 192.39
15 Manmade Staple Fibre 0.22 0.79 1.34 264.16
16 Spices 0.42 0.72 1.23 74.33
17 Dairy Products 0.38 0.61 1.04 60.12
18 Other jute manufactured 0.00 0.59 1.00 17099.29
19 Readymade garments manmade fibers 0.47 0.56 0.94 17.73
20 Dyes/intermediates & Coar Tar Chemicals 0.86 0.48 0.81 -44.07
  Total for Top 20 Product Groups 51.18 52.31 88.59 2.20

Source : DGCI & S
1USD : Rs. 48.61 (April – Dec. 2002 Average of Monthly RBI Rates)
1USD : Rs. 46.15 (April – Dec. 2003 Average of Monthly RBI Rates)

India’s Import of Principal Commodities from Morocco

Value in US$ Million

Commodity April – Dec., 2002 April – Dec., 2003 % Share in April – Dec., 2003 % Age growth / decline Apr – Dec 2003 / Apr – Dec 2002
Total 162.1563 178.0688    
Inorganic Chemicals 136.0369 164.4373 92.34 27.33
Fertilizers, crude 17.8545 10.1330 5.69 -40.22
Other Commodities 3.4044 1.4741 0.83 -54.39
Electronic Goods 0.8135 1.0988 0.62 42.28
Metalifers Ores and Metal Scrap 0.3163 0.5638 0.32 87.76
Machinery Except Electrical and Electronic 0.0777 0.0720 0.04 -2.37
Spices 0.0058 0.0457 0.03 732.96
Iron & Steel 0 0.0448 0.03
Professional Inst., etc. except Electronic 0.0041 0.0431 0.02 1008.47
Artificial Resins, Plastic Material, etc. 0 0.0375 0.02
Wood and wood products 0 0.0250 0.01
Organic Chemicals 0 0.0228 0.01
RMG (Woven & knit) 0 0.0144 0.01
Medicinal & Pharmaceuticals Products 0.0893 0.0139 0.01 -83.57
Pulses 0 0.0135 0.01
Electrical Machinery except electronic 0.0026 0.0124 0.01 398.35
Non-Metallic Mineral Mnfs Excluding Pearls 0.0091 0.0074 0.004 -13.60
Other Textile Yarn, Fabrics, Made-up articles 0.0344 0.0065 0.004 -80.09
Other crude Minerals 0.0022 0.0015 0.001 -28.16
Paper Board & Manufactures 0 0.0011 0.001
Vegetable Oils fixed (edible) 3.2699 0 -100.00
Leather 0.1463 0 -100.00
Manufactures of Metals 0.0367 0 -100.00
Transport Equipments 0.0363 0 -100.00
Dyeing Tanning, Coloring Materials 0.0158 0 -100.00
Printed Books, Newspaper, Journals, etc. 0.0005 0 -100.00

Source : DGCI & S
1USD : Rs. 48.61 (April – Dec. 2002 Average of Monthly RBI Rates)
1USD : Rs. 46.15 (April – Dec. 2003 Average of Monthly RBI Rates)

Trade fairs & Exhibitions

Industry Event Name Date Location
Public Utilities EuroMed 2004 Water, Wastewater & Desalination Exhibition 30.May.2004 Marrakech – Morocco
Oil And Gas Industry 8th African Oil and Gas, Trade and Finance, Conference and Exhibition 26.Apr.2004 Marrakech – Morocco

KEY CONTACTS

H.E. Mohamed Louafa
Amabassador
Embassy of the Kingdom of Morocco
33, Archbishop Makarios Marg, Golf Links
New Delhi 110003
Tel: 24636920, 924, 921
Fax: 24636925

Shri R. Rajagopalan,
Ambassador
Embassy of India 13, Charia Michlifen
City Agdal Rabat Country Morocco
Telephone : +212-37-671339, 675974, 675975
Fax : +212-37-671269
Email : india@maghrebnet.net.ma