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-AfricaForum 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