Trade exchanges between Morocco and Türkiye exceeded the $5 billion mark for the first time last year, reflecting accelerating economic ties between the two countries, Morocco’s ambassador to Ankara, Mohammed Ali Lazreq, told Anadolu Agency on Monday.
Lazreq said bilateral relations have gained “tangible momentum” in recent years, particularly in the economic and commercial spheres, driven by what he described as deep-rooted ties and strong political will at the highest levels. He noted that the milestone represents the first time trade volume has crossed the $5 billion threshold since the free trade agreement between the two nations entered into force.
While the rising figures underscore robust demand for Turkish goods and services in the Moroccan market, the ambassador acknowledged that the trend also highlights a trade imbalance in Türkiye’s favor, pointing to a widening Moroccan trade deficit. In this context, he said Rabat has initiated consultations with Turkish authorities aimed at developing mechanisms and a joint roadmap to restore healthier balance in bilateral trade flows. Meetings held in both Ankara and Rabat, he added, have focused on sustaining commercial momentum while addressing structural disparities.
Lazreq also stressed Morocco’s continued appeal as an investment destination, citing political and macroeconomic stability, strategic geographic positioning and modern infrastructure, alongside reforms and incentives designed to facilitate foreign investment. He said the Kingdom is seeking to strengthen its role as an industrial and logistics hub linking Europe and Africa, offering favorable conditions for international companies — including Turkish firms — through tax incentives and dedicated investment support mechanisms.
The ambassador highlighted ongoing efforts to simplify administrative procedures related to company establishment and permits, particularly through regional investment centers. He further noted that Morocco’s principal import sectors include automotive industries, textiles, energy and industrial raw materials.
Emphasizing the need for a balanced and sustainable economic partnership based on mutual benefit, Lazreq called for deeper cooperation and expanded bilateral investment opportunities. He also pointed to Morocco’s preparations to co-host the 2030 FIFA World Cup alongside Spain and Portugal, saying the large-scale event is expected to generate fresh prospects for foreign investors through major infrastructure and development projects.
The ambassador encouraged Turkish companies to explore opportunities in Morocco, underscoring the country’s logistical proximity to European and African markets, trade openness and sector-specific incentives designed to attract international partners.
