Exploring the Potential of Morocco - Türkiye Trade Relations: Opportunities and Challenges

Abstract

This study analyzes the current state and potential of trade and economic cooperation between Morocco and Türkiye. The analysis is based on a comprehensive review of existing literature, data from international organizations, and interviews with key stakeholders in both countries. The study explores the historical context of the trade relationship between the two countries and identifies key areas for collaboration, including agriculture, textiles, energy, and transportation. The results show that trade between Morocco and Türkiye has been growing steadily in recent years, with a total trade volume of $ 2.2 billion in 2020. Energy trade, particularly in renewable energy, has become an important area of cooperation between the two countries. Morocco has ambitious targets to generate 52% of its electricity from renewable sources by 2030, while Türkiye is looking to increase its renewable energy capacity to 38 GW by 2023. However, the study also identifies challenges to further trade and economic cooperation, including transportation infrastructure, bureaucratic barriers, and limited awareness of business opportunities. The study provides recommendations for addressing these challenges, including improving transportation infrastructure, simplifying bureaucratic procedures, and increasing business-to-business contacts between the two countries.

Overall, the study highlights the significant potential for trade and economic cooperation between Morocco and Türkiye, particularly in the areas of renewable energy and agriculture. By addressing the identified challenges and pursuing collaborative initiatives, both countries can benefit from increased trade and economic growth.