SINO-MOROCCO: TEA & FREE TRADE ZONES | BELT & ROAD
"A key element of China’s Belt & Road Initiative (BRI) in North Africa is creating free trade zones, with Morocco now following Egypt in benefiting from such initiatives."
- Moroccan imports of tea from China make up 25% of China’s total tea exports, over 90% of Morocco’s tea imports globally, 7.3% of Morocco’s total imports from China and 5.3% of total bilateral trade.
- Overall Sino-Moroccan trade is expected at USD 4.8B by 2020 from USD 2.7B in 2009, at an average annual growth rate of 6% over this period.
Florence Eid-Oakden, Ph.D, Chief Economist
Charlene Rahall, Analyst
The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.
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