2. CONTENTS
Country Snapshot ............................................................................................................................................................................3
Investment Prospects & Highlights ..........................................................................................................................................4
Select Investment Highlights ..................................................................................................................................................4
Investment Prospects and Recent Macroeconomic Developments ...................................................................5
Investment Highlights ................................................................................................................................................................7
Sectoral Investment opportunities......................................................................................................................................8
Initiatives to foster Investment & Trade ..........................................................................................................................9
Key Investment Performance ...................................................................................................................................................10
Foreign Direct Investment Inflows & Stocks ...............................................................................................................10
Global Competitiveness Rankings ..........................................................................................................................................11
Global Competitiveness Index.............................................................................................................................................11
Market & Environment Analysis........................................................................................................................................12
Ease of Doing Business ...........................................................................................................................................................13
Country International Trade Performance........................................................................................................................15
Imports-International Market.............................................................................................................................................15
Exports-International Market .............................................................................................................................................20
Investment Environment Highlights for Indian Investors ........................................................................................24
Market entry options for Indian Investors ...................................................................................................................24
Bilateral Agreements ...............................................................................................................................................................24
Select Indian Investors............................................................................................................................................................25
Trade with INDIA ............................................................................................................................................................................26
Overall Performance Analysis .............................................................................................................................................26
Imports-INDIA.............................................................................................................................................................................27
Exports-INDIA .............................................................................................................................................................................32
2|P age
3. COUNTRY SNAPSHOT
GDP based on PPP Valuation : (US$) 1,70,758
GDP per capita : (US$) 5,291
Annual Real GDP Growth (average over 2003-2011) : 4.78665288495453
GNI per Capita : (US$) 2,850
Population : (m) 32.4
Country Category : Lower Middle Income
Source: AFDB Statistics
3|P age
4. INVESTMENT PROSPECTS & HIGHLIGHTS
SELECT INVESTMENT HIGHLIGHTS
Simplification of administrative procedures for businesses
Strengthening the system of business law (competition law and freedom
of pricing, the law on economic interest groups, the law on industrial
and intellectual property ...)
Improving regulatory transparency
Development and modernization of financial markets
Creation of the National Committee of the Business Environment
Creation of the Central Authority for the Prevention of Corruption
Creation of the Moroccan Office of Intellectual Property and Commercial
Promotion of the Charter on Corporate Social Responsibility
Source: Moroccan Investment and Development Agency (MIDA)
4|P age
5. INVESTMENT PROSPECTS AND RECENT MACROECONOMIC DEVELOPMENTS
In 2011 gross domestic product (GDP) growth reached 4.6%, supported
by domestic demand and performance in the non-agricultural sectors,
construction-related industries and services in particular. This
performance is expected to continue in 2012, with growth projected at
4.5%, fuelled by 5.2% growth in non-agricultural GDP.
Growth in the agricultural sector benefited in 2011 from good climate
conditions as well as from the first results of the strategic actions
implemented under the Plan Maroc Vert.[1] The added value in the
agricultural sector increased by 8.2% in 2011 and the 2010/11
agricultural season yielded 8.4 million tonnes in cereal production, or
12% more than the previous season.
Non-cereal agriculture was also helped by good rainfall. The ensuing
greater availability of water at river dams, coupled with an increase in
acreage sown and the entry into production of new orchards, increased
crop output by nearly 7% at the end of 2011.
Fishing, another important component of the Moroccan primary sector,
remains dominated by deep-sea catches, which account for more than
two-thirds of the total volume of landings. Fishing was estimated to
have grown by 1.5% in 2011 and is projected to grow by 9.5% in 2012
as the second phase of the 2011-14 Ibhar programme is implemented.
Growth of the non-agricultural sector continued in 2011, to reach 4.3%.
Growth of the secondary sector stood at 4.6%, and of the tertiary sector
at 4.2%. This upward trend is expected to be stronger in 2012 and reach
5.2%, with growth rates of the secondary and tertiary sectors at 5.4%
and 5.1% respectively.
Phosphate-mining activities benefited in 2011 from a strong recovery in
foreign demand from countries such as Brazil, India and the United
States. At the end of 2011, phosphate and derivatives exports had
increased by 33.2% and 40.2% respectively yielding MAD 35.8 billion
(Moroccan dirham) for derivatives and MAD 12.6 billion for rock
phosphate.
The added value of manufacturing was thus estimated to have
progressed by 3.4% in 2011 and is projected to rise by a further 3.9% in
2012.
The textiles and clothing industry is one of the drivers of Moroccan
industry, alone accounting for more than 40% of industrial jobs and
5|P age
6. generating close to MAD 30 billion in export income, which makes it
fourth highest in foreign earnings. Export values for garments and
hosiery items increased by 1.4% and 6.2% respectively in 2011
compared with the previous year.
The Renault factory in Tangiers is a major project which should initially
produce 170 000 vehicles starting in 2012 and 400 000 by 2014-15,
90% of which will be for export.
The electronics industry has confirmed its positive results of 2010 with
exports of power lines and cables having risen by 9.8% in 2011.
Construction-related industries grew by 4.6% in 2011 after registering
in 2010 a slowdown in activity. Growth in 2011 of these industries is
mainly explained by a strong recovery in social housing, in line with the
2010-20 stimulus package adopted in the 2010 budget, as well as by
continued implementation of the policy of major infrastructure projects
(roads, motorways and airports). Cement sales and mortgage credits,
for instance, increased by 7.2% and 7.5% respectively in 2011
compared with the previous year.
Growth in the tertiary sector was 4.2% in 2011 and is expected to
increase to 5.1% in 2012.
Travel receipts generated by non-residents increased by 4% at the end
of December 2011 to MAD 58.3 billion.
Post and telecommunications, which had suffered a slowdown in 2010,
returned to growth in 2011 with a 5.7% increase, which is expected to
be a stronger 6.2% in 2012. Growth here is driven as much by land and
mobile telephony as by the Internet.
Domestic demand continued to be the main driver for growth in the
national economy by contributing 4.9 points in real terms in 2011, thus
offsetting the decline in external demand. The contribution to growth of
household consumption, one of the main components of domestic
demand with an average GDP share of nearly 60% for 1980-2010,
increased to 3.4 points in 2011. Otherwise, the volume of gross fixed-
capital formation increased by 3.4% in 2011 and is expected to increase
further by 4.5% in 2012 thanks to the robust health of construction-
related activities.
Public investment is a major catalyst for growth, with its total doubling
between 2007 and 2011.
Source: African Economic Outlook 2012 (AFDB, OECD, UNDP, UNECA)
6|P age
7. INVESTMENT HIGHLIGHTS
For over a decade, Morocco launched large-scale projects aimed at
elevating its infrastructure to international standards:
Tanger-Med Port entered into service in 2007 with a total capacity of
over 3 million containers (8 million in 2016), in addition to professional
real estate of over 2000 hectares, complements the overall port
infrastructure consisting of 11 ports meeting international standards.
With the completion of the complementary program, the highway
network will pass from a length of 1500 km in 2010 to 1800 km in 2015,
connecting all cities exceeding 400,000 residents.
Thanks to an Open Sky policy, the 15 international airports in Morocco
(largest airport hub in the region) are used by a multitude of
international companies and are connected to major cities and
economic platforms of world affairs.
A wide network of Economic Activities Zones (Integrated Industrial
Platforms, free zones, clusters...)
Telecommunications infrastructure meeting international standards.
Three global operators (Fixed phone, mobile, Internet and data), the
telecommunications sector in Morocco achieves every year an intense
and sustained activity: 97% mobile penetration and 13 million Internet
users (September 2010).
Morocco launched numerous strategic sectorial plans that ensure strong
and sustainable economic growth. This reform momentum is marked by
an innovative contracting approach and public private partnership
advocating greater and coordinated participation of the private sector in
the development of sectoral strategies and policies along with the
funding of projects allowing to refocus the State’s role on its regulatory
powers.
These strategies are part of a process to speed the development of
strategic sectors like agriculture, fishery, mining, renewable energy,
logistics and promising sectors such as automotive, aerospace and
services with high added value.
Source: Moroccan Investment and Development Agency (MIDA)
7|P age
8. SECTORAL INVESTMENT OPPORTUNITIES
Industries Opportunities
Industry The state and the private sector have sealed this covenant by signing
a contract program covering the period 2009-2015. By consolidating
into one document their mutual commitments, partners bring to all
investors the necessary visibility on the changes of the future
Moroccan industry. This contractual formula also guarantees the
proper execution of measures agreed upon, by ensuring the
involvement of all parties concerned, around specific, concrete,
concerted and budgeted actions.
As part of its strategy towards energy use, Morocco gives priority to
Solar developing renewable energy and sustainable development. With
Energy abundant solar resources (a potential of 2 600 kWh/m²/year) and a
strategic position at the heart of an energy hub (Connexion with
Spanish Network through two electric lines 400kV/700 MW), Morocco
offers a wide range of investment opportunities in the sector of
thermal and photovoltaic solar energy.
Wind As part of its strategy towards energy use, Morocco has undertaken
Energy a vast wind energy program, to support the development of
renewable energy and energy efficiency in the country. The
Moroccan Integrated Wind Energy Project, spanning over a period of
10 years with a total investment estimated at 31.5 billion dirhams,
will enable the country to bring the installed capacity, from wind
energy, from 280 MW in 2010 to 2000 MW in 2020.
Tourism Between 2005 and 2010, the number of tourists visiting Morocco has
increased from 5.8 to over 9.3 million, and a mounts of foreign direct
investments are around € 30 billion over this period combined. In
addition, in 2009, Morocco was the only Mediterranean countries to
have increased more than 6% while the world market decreased by
5%
Agriculture The agricultural sector contributes with 19% to the national GDP,
divided between agriculture (15%) and agro-industry (4%). This
sector employs over 4 million people including about 100,000 in
agro-industry.
The new agricultural strategy, Green Morocco Plan, established by
the Ministry of Agriculture and Fishing, aims to consolidate the
success achieved and to meet new challenges facing Morocco's
competitiveness and opening of market
Fishing The fishing sector in Morocco has developed an integrated, ambitious
and comprehensive development in 2020 called "Halieutis. It aims at
upgrading and modernization of various sectors of the fishing
industry and improve its competitiveness and performance
Source: Moroccan Investment and Development Agency (MIDA)
8|P age
9. INITIATIVES TO FOSTER INVESTMENT & TRADE
Morocco launched numerous strategic sectoral plans to speed the
development of strategic sectors like agriculture, fisheries, mining,
renewable energy, logistics and promising sectors such as automotive,
aerospace and services with high added value.
The Government of Morocco has, in recent times, increased its reform
practices and implemented wide- ranging targets for reform.
The Government of Morocco’s Investment Charter Law simplifies taxes
and investment laws.
Morocco is negotiating with Argentina, Brazil, Mexico, Bangladesh,
Japan, Thailand and Saudi Arabia for double taxation treaties.
Morocco has 16 regional investment centers (RICs), which serve as a
“single- window clearance centers” for foreign investors setting up
businesses in the country.
Sectoral plans such as Emergence Plan (Industry), Green Morocco Plan
(Agriculture), Halieutis (Fisheries), Solar and Wind Energy Plan and
2020 Vision Plan (Tourism), aim at ensuring strong and sustainable
economic growth.
Source: Moroccan Investment and Development Agency (MIDA)
9|P age
10. KEY INVESTMENT PERFO RMANCE
FOREIGN DIRECT INVESTMENT INFLOWS & STOCKS
Foreign Direct Investment-Stock
US-Dollars
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Series 1 8841.7 11649 12131 17106 19883 20752 29939 38613 39388 42581 45082 46300
Foreign Direct Investment-Inflow
US-Dollars
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Series 1 422.21 2807.7 481.3 2314.5 894.78 1654 2449.4 2804.5 2487.1 1951.7 1573.9 2519.1
Note: US Dollars at current prices and current exchange rates in millions
Source: UNCTAD Stat
10 | P a g e
11. GLOBAL COMPETITIVENESS RANKINGS
GLOBAL COMPETITIVENESS INDEX
GCI Rank Score
Out OF 142 1 TO 7
GCI 2011–2012 73 4.2
GCI 2010–2011 (out of 139) 75 4.1
GCI 2009–2010 (out of 133) 73 4.0
Basic requirements (40%) 54 4.7
Institutions 59 4.0
Infrastructure 69 3.9
Macroeconomic environment 25 5.6
Health and primary education 93 5.4
Efficiency enhancers (50%) 83 3.9
Higher education and training 98 3.6
Goods market efficiency 76 4.2
Labor market efficiency 132 3.5
Financial market development 62 4.2
Technological readiness 66 3.7
Market size 57 4.0
Innovation and 79 3.4
sophistication factors (10%)
Business sophistication 80 3.8
Innovation 80 3.0
Source: The Global Competitiveness Report 2011-2012
11 | P a g e
12. MARKET & ENVIRONMENT ANALYSIS
NETWORKED READINESS Score Rank
INDEX
Venture capital availability* 3.0 40
Financial market 4.5 60
sophistication*
Availability of latest 5.0 68
technologies*
State of cluster development* 3.4 68
Burden of government 3.4 60
regulation*
Extent & effect of taxation* 3.2 99
Total tax rate, % profits 41.7 75
No. days to start a business 12 45
No. procedures to start a 6 33
business
Freedom of the press* 4.3 94
Effectiveness of law-making 3.7 58
bodies*
Laws relating to ICT* 3.6 84
Judicial independence* 3.5 78
Efficiency of legal system in 3.9 56
settling disputes*
Efficiency of legal system in 3.9 52
challenging regs*
Property rights* 4.4 62
Intellectual property 3.4 71
protection*
Software piracy rate, % 66 60
software installed
No. procedures to enforce a 40 94
contract
No. days to enforce a contract 615 88
Internet & telephony 6 1
competition, 0-6 (best)
*Out of a 1–7 (best) scale. This indicator is derived from the World Economic Forum’s
Executive Opinion Survey.
Source: The Global Information Technology Report 2010–2011
12 | P a g e
13. EASE OF DOING BUSINESS
Overall Rank 94
Starting a business (rank) 93
Procedures (number) 6
Time (days) 12
Cost (% of income per capita) 15.7
Minimum capital (% of income per capita) 10.7
Dealing with construction permits (rank) 75
Procedures (number) 15
Time (days) 97
Cost (% of income per capita) 234.6
Getting electricity (rank) 107
Procedures (number) 5
Time (days) 71
Cost (% of income per capita) 2,588.6
Registering property (rank) 144
Procedures (number) 8
Time (days) 75
Cost (% of property value) 4.9
Getting credit (rank) 98
Strength of legal rights index (0-10) 3
Depth of credit information index (0-6) 5
Public registry coverage (% of adults) 0.0
Private bureau coverage (% of adults) 14.6
Protecting investors (rank) 97
Extent of disclosure index (0-10) 7
Extent of director liability index (0-10) 2
Ease of shareholder suits index (0-10) 6
Strength of investor protection index (0-10) 5.0
Paying taxes (rank) 112
Payments (number per year) 17
Time (hours per year) 238
Total tax rate (% of profit) 49.6
13 | P a g e
14. Trading across borders (rank) 43
Documents to export (number) 6
Time to export (days) 11
Cost to export (US$ per container) 577
Documents to import (number) 8
Time to import (days) 16
Cost to import (US$ per container) 950
Enforcing contracts (rank) 89
Procedures (number) 40
Time (days) 510
Cost (% of claim) 25.2
Resolving insolvency (rank) 67
Time (years) 1.8
Cost (% of estate) 18
Recovery rate (cents on the dollar) 38.3
Source: Doing Business 2012-IFC & WB
14 | P a g e
15. COUNTRY INTERNATIONA L TRADE PERFORMANCE
IMPORTS-INTERNATIONAL MARKET
Industry Import Imports as a Growth of Growth of Growth of
value share of imports in world share in
total value (% imports in world
imports (%) p.a.) value (% imports (%
p.a.) p.a.)
00 All industries 35,378 100 11
27 Mineral fuels, oils, 8,133 22.99 13 8 5
distillation products, etc
84 Boilers, machinery; 3,802 10.75 13 4 9
nuclear reactors, etc
85 Electrical, electronic 2,977 8.42 8 5 2
equipment
87 Vehicles other than 2,801 7.92 17 1 16
railway, tramway
10 Cereals 1,408 3.98 23 12 11
39 Plastics and articles 1,257 3.55 9 6 3
thereof
72 Iron and steel 1,180 3.34 1 3 -2
52 Cotton 624 1.76 -2 4 -6
73 Articles of iron or steel 587 1.66 12 5 7
48 Paper & paperboard, 545 1.54 13 3 10
articles of pulp, paper and
board
30 Pharmaceutical 502 1.42 18 10 8
products
44 Wood and articles of 499 1.41 5 -1 6
wood, wood charcoal
55 Manmade staple fibres 457 1.29 2 4 -2
15 Animal,vegetable fats 453 1.28 13 14 -1
and oils, cleavage
products, etc
25 Salt, sulphur, earth, 452 1.28 11 6 5
stone, plaster, lime and
cement
29 Organic chemicals 450 1.27 9 5 4
90 Optical, photo, 435 1.23 13 5 8
technical, medical, etc
15 | P a g e
apparatus
17. 96 Miscellaneous 149 0.42 10 5 5
manufactured articles
83 Miscellaneous articles 144 0.41 20 4 16
of base metal
69 Ceramic products 144 0.41 17 3 14
68 Stone, plaster, cement, 133 0.37 26 2 24
asbestos, mica, etc articles
70 Glass and glassware 129 0.37 10 5 6
56 Wadding, felt, 127 0.36 9 6 3
nonwovens, yarns, twine,
cordage, etc
08 Edible fruit, nuts, peel 125 0.35 27 8 19
of citrus fruit, melons
49 Printed books, 115 0.33 3 2 1
newspapers, pictures etc
41 Raw hides and skins 111 0.31 1 -2 2
(other than furskins) and
leather
64 Footwear, gaiters and 111 0.31 8 6 3
the like, parts thereof
03 Fish, crustaceans, 110 0.31 22 5 17
molluscs, aquatic
invertebrates nes
34 Soaps, lubricants, 108 0.31 20 8 12
waxes, candles, modelling
pastes
01 Live animals 104 0.29 32 6 25
82 Tools, implements, 91 0.26 9 5 4
cutlery, etc of base metal
24 Tobacco and 88 0.25 6 7 -1
manufactured tobacco
substitutes
89 Ships, boats and other 82 0.23 -1 13 -13
floating structures
59 Impregnated, coated or 80 0.23 2 5 -3
laminated textile fabric
61 Articles of apparel, 77 0.22 -14 5 -19
accessories, knit or
crochet
26 Ores, slag and ash 73 0.21 40 18 22
51 Wool, animal hair, 73 0.21 -13 -3 -10
horsehair yarn and fabric
thereof
99 Commodities not 65 0.18 1243 2 1241
17 | P a g e
18. elsewhere specified
19 Cereal, flour, starch, 64 0.18 7 9 -3
milk preparations and
products
20 Vegetable, fruit, nut, 64 0.18 27 7 21
etc food preparations
63 Other made textile 63 0.18 26 6 19
articles, sets, worn
clothing etc
21 Miscellaneous edible 63 0.18 17 9 8
preparations
22 Beverages, spirits and 58 0.16 11 5 6
vinegar
07 Edible vegetables and 58 0.16 10 9 1
certain roots and tubers
35 Albuminoids, modified 54 0.15 7 6 0
starches, glues, enzymes
95 Toys, games, sports 51 0.14 7 6 2
requisites
05 Products of animal 50 0.14 9 7 2
origin, nes
42 Articles of leather, 40 0.11 9 6 3
animal gut, harness, travel
goods
18 Cocoa and cocoa 36 0.1 15 13 2
preparations
93 Arms and ammunition, 33 0.09 67 11 56
parts and accessories
thereof
57 Carpets and other 33 0.09 51 1 50
textile floor coverings
91 Clocks and watches and 33 0.09 3 7 -5
parts thereof
06 Live trees, plants, 32 0.09 7 4 3
bulbs, roots, cut flowers
etc
79 Zinc and articles 31 0.09 -10 -7 -3
thereof
53 Vegetable textile fibres 30 0.08 -8 -2 -6
nes, paper yarn, woven
fabric
37 Photographic or 28 0.08 4 -3 7
cinematographic goods
71 Pearls, precious stones, 26 0.07 -7 12 -19
metals, coins, etc
02 Meat and edible meat 24 0.07 44 9 35
18 | P a g e
19. offal
47 Pulp of wood, fibrous 24 0.07 7 10 -3
cellulosic material, waste
etc
50 Silk 19 0.05 -14 -5 -9
16 Meat, fish and seafood 18 0.05 10 6 3
food preparations nes
11 Milling products, malt, 11 0.03 25 12 14
starches, inulin, wheat
gluten
Source: International Trade Centre (2010, in USD millions)
19 | P a g e
20. EXPORTS-INTERNATIONAL MARKET
Industry Exports in Exports as a Growth of Growth of Growth of
value share of exports in world share in
total value (% exports in world
exports (%) p.a.) value (% exports (%
p.a.) p.a.)
00 All industries 17,764 100 9
85 Electrical, electronic 2,637 14.85 9 5 4
equipment
62 Articles of apparel, 2,143 12.06 -3 2 -4
accessories, not knit or
crochet
28 Inorganic chemicals, 1,663 9.36 13 8 5
precious metal compound,
isotopes
31 Fertilizers 1,562 8.79 32 21 11
25 Salt, sulphur, earth, 1,174 6.61 17 6 11
stone, plaster, lime and
cement
61 Articles of apparel, 828 4.66 1 5 -5
accessories, knit or
crochet
03 Fish, crustaceans, 768 4.32 3 7 -4
molluscs, aquatic
invertebrates nes
16 Meat, fish and seafood 614 3.46 6 6 0
food preparations nes
07 Edible vegetables and 601 3.38 20 10 10
certain roots and tubers
27 Mineral fuels, oils, 588 3.31 6 7 -2
distillation products, etc
08 Edible fruit, nuts, peel 575 3.24 10 9 1
of citrus fruit, melons
71 Pearls, precious stones, 373 2.1 36 14 22
metals, coins, etc
64 Footwear, gaiters and 352 1.98 6 7 -1
the like, parts thereof
84 Boilers, machinery; 262 1.48 29 4 26
nuclear reactors, etc
87 Vehicles other than 245 1.38 20 2 19
railway, tramway
20 | P a g e
21. 74 Copper and articles 231 1.3 20 4 16
thereof
63 Other made textile 225 1.27 55 7 48
articles, sets, worn
clothing etc
26 Ores, slag and ash 211 1.19 6 19 -12
88 Aircraft, spacecraft, 208 1.17 90 -4 94
and parts thereof
20 Vegetable, fruit, nut, 199 1.12 10 7 3
etc food preparations
72 Iron and steel 150 0.84 -8 4 -12
15 Animal,vegetable fats 138 0.78 5 16 -11
and oils, cleavage
products, etc
23 Residues, wastes of 123 0.69 32 15 17
food industry, animal
fodder
47 Pulp of wood, fibrous 116 0.66 21 10 10
cellulosic material, waste
etc
39 Plastics and articles 116 0.65 29 6 23
thereof
04 Dairy products, eggs, 96 0.54 -1 10 -11
honey, edible animal
product nes
78 Lead and articles 88 0.49 13 11 2
thereof
94 Furniture, lighting, 80 0.45 5 5 0
signs, prefabricated
buildings
33 Essential oils, 73 0.41 12 8 4
perfumes, cosmetics,
toileteries
76 Aluminium and articles 68 0.39 7 1 6
thereof
42 Articles of leather, 65 0.37 0 8 -7
animal gut, harness, travel
goods
12 Oil seed, oleagic fruits, 64 0.36 -5 21 -26
grain, seed, fruit, etc, nes
30 Pharmaceutical 62 0.35 18 10 8
products
21 Miscellaneous edible 62 0.35 10 9 1
preparations
73 Articles of iron or steel 61 0.34 10 4 6
21 | P a g e
22. 05 Products of animal 60 0.34 6 7 -2
origin, nes
81 Other base metals, 58 0.33 8 0 7
cermets, articles thereof
48 Paper & paperboard, 50 0.28 8 3 4
articles of pulp, paper and
board
52 Cotton 49 0.28 2 4 -2
90 Optical, photo, 45 0.25 8 6 2
technical, medical, etc
apparatus
40 Rubber and articles 43 0.24 43 9 34
thereof
69 Ceramic products 40 0.22 -3 3 -6
13 Lac, gums, resins, 39 0.22 -2 9 -11
vegetable saps and
extracts nes
34 Soaps, lubricants, 37 0.21 19 8 11
waxes, candles, modelling
pastes
11 Milling products, malt, 33 0.19 8 11 -4
starches, inulin, wheat
gluten
41 Raw hides and skins 33 0.18 15 0 15
(other than furskins) and
leather
55 Manmade staple fibres 31 0.18 -7 3 -10
68 Stone, plaster, cement, 30 0.17 -10 3 -13
asbestos, mica, etc articles
09 Coffee, tea, mate and 29 0.16 27 13 14
spices
99 Commodities not 27 0.15 178 4 174
elsewhere specified
89 Ships, boats and other 25 0.14 -7 17 -24
floating structures
44 Wood and articles of 23 0.13 -14 -1 -13
wood, wood charcoal
17 Sugars and sugar 22 0.12 2 11 -9
confectionery
22 Beverages, spirits and 20 0.11 -3 6 -9
vinegar
19 Cereal, flour, starch, 16 0.09 25 10 15
milk preparations and
products
22 | P a g e
23. 29 Organic chemicals 16 0.09 19 5 14
24 Tobacco and 15 0.09 365 7 358
manufactured tobacco
substitutes
32 Tanning, dyeing 13 0.08 22 5 17
extracts, tannins,
derivs,pigments etc
57 Carpets and other 13 0.07 -11 2 -13
textile floor coverings
95 Toys, games, sports 12 0.07 20 5 15
requisites
45 Cork and articles of 12 0.07 -8 -3 -6
cork
38 Miscellaneous chemical 11 0.06 45 10 35
products
51 Wool, animal hair, 11 0.06 24 -1 25
horsehair yarn and fabric
thereof
06 Live trees, plants, 11 0.06 9 4 5
bulbs, roots, cut flowers
etc
54 Manmade filaments 10 0.06 2 2 0
60 Knitted or crocheted 10 0.06 -1 5 -6
fabric
Source: International Trade Centre (2010, in USD millions)
23 | P a g e
24. INVESTMENT ENVIRONME NT HIGHLIGHTS FOR INDIAN INVESTORS
MARKET ENTRY OPTIONS FOR INDIAN INVESTORS
Casablanca and Tangier are the primary points of entry for foreign
manufactured goods for direct distribution to the public, wholesalers,
distributors and retailers. In Morocco, business is based on trust and
mutual respect built over time.
Exporters will need to travel to Morocco frequently to develop and
strengthen relationships in order to do business successfully.
Morocco’s 16 Regional Investment Centers are the government’s “one
stop shops” for the entire registration process, which has been greatly
simplified in recent years.
Direct marketing, Franchises and Joint ventures are some of the popular
modes to enter Moroccan market.
Source: E&Y Morocco Investment Guide
BILATERAL AGREEMENTS
Memorandums of Understanding (MOUs) have been signed for bilateral
cooperation in housing, geology and mines, agriculture research and
education, plant protection and plant quarantine, energy and mines.
The Morocco-Indian Joint Business Council (MIJBC) was set up in
February 2000 to help promote trade between the 2 countries and
contribute to industrial and technological collaboration between their
enterprises and economic institutions.
Source: Directorate General of Foreign Trade, GOI
24 | P a g e
25. SELECT INDIAN INVESTORS
Taj Hotels
Chambal Fertilizers and Chemicals Limited
Tata Chemicals
Berggruen Hotels
Tata Motors
Tata Consultancy Services
Source: Directorate General of Foreign Trade, GOI
25 | P a g e
26. TRADE WITH INDIA
OVERALL PERFORMANCE ANALYSIS
Dated: 05/11/2012
Values in US $ Millions
2007- 2008- 2009- 2010- 2011-
S.No. Year
2008 2009 2010 2011 2012
1. EXPORT 208.43 242.85 250.47 318.57 372.10
2. %Growth 16.51 3.14 27.19 16.80
3. India's Total Export 163,132.18 185,295.36 178,751.43 251,136.19 305,963.92
4. %Growth 13.59 -3.53 40.49 21.83
5. %Share 0.13 0.13 0.14 0.13 0.12
6. IMPORT 499.40 948.15 861.51 839.64 1,635.33
7. %Growth 89.86 -9.14 -2.54 94.77
8. India's Total Import 251,654.01 303,696.31 288,372.88 369,769.13 489,319.49
9. %Growth 20.68 -5.05 28.23 32.33
10. %Share 0.20 0.31 0.30 0.23 0.33
11. TOTAL TRADE 707.83 1,191.00 1,111.98 1,158.21 2,007.44
12. %Growth 68.26 -6.63 4.16 73.32
13. India's Total Trade 414,786.19 488,991.67 467,124.31 620,905.32 795,283.41
14. %Growth 17.89 -4.47 32.92 28.08
15. %Share 0.17 0.24 0.24 0.19 0.25
16. TRADE BALANCE
17. India's Trade Balance -88,521.83 - - - -
118,400.95 109,621.45 118,632.94 183,355.57
Note: Since 2006-07, Petroleum figures are being computed from Import Daily
trade Returns (DTRs) to generate country-wise/port-wise tables. Up to 2005-06
consolidated petroleum import figures were being received from the Petroleum
Ministry.
Source: Directorate General of Foreign Trade, GOI
26 | P a g e
27. IMPORTS-INDIA
Dated: 27/12/2012
Values in US$ Million
Sorted on HS Code
2012-
2011-
S.no. Hs Code Commodity 2013(apr-
2012
sep)
1. 03 Fish and crustaceans, molluscs and 0.26
other aquatic invertabrates.
2. 05 Products of animal origin, not 0.14
elsewhere specified or included.
3. 06 Live trees and other plants; bulbs; 0.00
roots and the like; cut flowers and
ornamental foliage.
4. 07 Edible vegetables and certain roots 0.07 0.04
and tubers.
5. 08 Edible fruit and nuts; peel or citrus 0.21 0.01
fruit or melons.
6. 09 Coffee, tea, mate and spices. 0.22 0.04
7. 12 Oil seeds and olea. Fruits; misc. 0.71 0.43
Grains, seeds and fruit; industrial or
medicinal plants; straw and fodder.
8. 13 Lac; gums, resins and other vegetable 0.16 0.16
saps and extracts.
9. 15 Animal or vegetable fats and oils and 1.59
their cleavage products; pre. Edible
fats; animal or vegetable waxex.
10. 19 Preparations of cereals, flour, starch 0.01
or milk; pastrycooks products.
11. 20 Preparations of vegetables, fruit, nuts 0.01 0.03
or other parts of plants.
12. 21 Miscellaneous edible preparations. 0.02
13. 22 Beverages, spirits and vinegar. 0.00
27 | P a g e
28. 14. 25 Salt; sulphur; earths and stone; 243.55 166.09
plastering materials, lime and cement.
15. 26 Ores, slag and ash. 3.12 2.51
16. 27 Mineral fuels, mineral oils and 0.23 0.13
products of their distillation;
bituminous substances; mineral
waxes.
17. 28 Inorganic chemicals; organic or 913.00 283.58
inorganic compounds of precious
metals, of rare-earth metals, or radi.
Elem. Or of isotopes.
18. 29 Organic chemicals 0.39 0.05
19. 30 Pharmaceutical products 0.02
20. 31 Fertilisers. 407.86 235.60
21. 32 Tanning or dyeing extracts; tannins 0.06 0.00
and their deri. Dyes, pigments and
other colouring matter; paints and
ver; putty and other mastics; inks.
22. 33 Essential oils and resinoids; 0.14 0.06
perfumery, cosmetic or toilet
preparations.
23. 34 Soap, organic surface-active agents, 0.00 0.00
washing preparations, lubricating
preparations, artificial waxes,
prepared waxes, polishing or scouring
prep.
24. 35 Albuminoidal substances; modified 0.00 0.01
starches; glues; enzymes.
25. 38 Miscellaneous chemical products. 0.14
26. 39 Plastic and articles thereof. 0.25 0.23
27. 40 Rubber and articles thereof. 0.04 0.00
28. 41 Raw hides and skins (other than 0.01 0.39
furskins) and leather
28 | P a g e
29. 29. 42 Articles of leather,saddlery and 0.00 0.00
harness;travel goods, handbags and
similar cont.articles of animal
gut(othr thn silk-wrm)gut.
30. 44 Wood and articles of wood; wood 0.32 0.05
charcoal.
31. 45 Cork and articles of cork. 0.04 0.05
32. 47 Pulp of wood or of other fibrous 0.58 0.04
cellulosic material; waste and scrap of
paper or paperboard.
33. 48 Paper and paperboard; articles of 0.14 0.10
paper pulp, of paper or of paperboard.
34. 49 Printed bookds, newspapers, pictures 0.01 0.00
and other products of the printing
industry; manuscripts, typescripts and
plans.
35. 51 Wool, fine or coarse animal hair, 0.89 0.28
horsehair yarn and woven fabric.
36. 52 Cotton. 0.01
37. 54 Man-made filaments. 0.46
38. 55 Man-made staple fibres. 0.08
39. 57 Carpets and other textile floor 0.00
coverings.
40. 58 Special woven fabrics; tufted textile 0.00
fabrics; lace; tapestries; trimmings;
embroidery.
41. 60 Knitted or crocheted fabrics.
42. 61 Articles of apparel and clothing 0.09 0.04
accessories, knitted or corcheted.
43. 62 Articles of apparel and clothing 0.17 0.11
accessories, not knitted or crocheted.
44. 63 Other made up textile articles; sets; 0.69 0.39
worn clothing and worn textile
29 | P a g e
30. articles; rags
45. 64 Footwear, gaiters and the like; parts 0.01
of such articles.
46. 65 Headgear and parts thereof. 0.00
47. 68 Articles of stone, plaster, cement, 0.15 0.00
asbestos, mica or similar materials.
48. 69 Ceramic products. 0.01 0.00
49. 70 Glass and glassware. 0.07
50. 71 Natural or cultured pearls,precious or 3.48 0.00
semiprecious stones,pre.metals,clad
with pre.metal and artcls
thereof;imit.jewlry;coin.
51. 72 Iron and steel 3.69 1.69
52. 73 Articles of iron or steel 0.08 0.33
53. 74 Copper and articles thereof. 12.50 4.57
54. 75 Nickel and articles thereof. 0.35
55. 76 Aluminium and articles thereof. 22.04 12.82
56. 78 Lead and articles thereof. 1.76
57. 79 Zinc and articles thereof. 0.41 0.25
58. 81 Other base metals; cermets; articles 0.03
thereof.
59. 82 Tools implements, cutlery, spoons 0.58 0.01
and forks, of base metal; parts thereof
of base metal.
60. 83 Miscellaneous articles of base metal. 0.01
61. 84 Nuclear reactors, boilers, machinery 1.32 0.27
and mechanical appliances; parts
thereof.
62. 85 Electrical machinery and equipment 5.60 2.37
and parts thereof; sound recorders and
reproducers, television image and
sound recorders and reproducers,and
30 | P a g e
31. parts.
63. 87 Vehicles other than railway or 0.10 0.05
tramway rolling stock, and parts and
accessories thereof.
64. 88 Aircraft, spacecraft, and parts thereof. 0.31
65. 90 Optical, photographic 0.79 0.04
cinematographic measuring, checking
precision, medical or surgical inst.
And apparatus parts and accessories
thereof;
66. 91 Clocks and watches and parts thereof. 0.02
67. 94 Furniture; bedding, mattresses, 0.01 0.01
mattress supports, cushions and
similar stuffed furnishing; lamps and
lighting fittings not elsewhere
specified or inc
68. 96 Miscellaneous manufactured articles. 0.01
69. 99 Miscellaneous goods. 8.30 0.00
Total 1,635.33 714.92
Source: Directorate General of Foreign Trade, GOI
31 | P a g e
32. EXPORTS-INDIA
Dated: 27/12/2012
Values in US$ Million
Sorted on HS Code
2012-
2011-
S.no. Hs Code Commodity 2013(apr-
2012
sep)
1. 03 Fish and crustaceans, molluscs and 0.15 0.15
other aquatic invertabrates.
2. 04 Dairy produce; birds' eggs; natural 1.18 0.69
honey; edible prod. Of animal origin,
not elsewhere spec. Or included.
3. 05 Products of animal origin, not 0.00
elsewhere specified or included.
4. 06 Live trees and other plants; bulbs; roots 0.04 0.06
and the like; cut flowers and
ornamental foliage.
5. 07 Edible vegetables and certain roots and 0.34 0.01
tubers.
6. 08 Edible fruit and nuts; peel or citrus 1.54 1.11
fruit or melons.
7. 09 Coffee, tea, mate and spices. 12.99 5.10
8. 10 Cereals. 0.95 0.38
9. 11 Products of the milling industry; malt; 0.06
starches; inulin; wheat gluten.
10. 12 Oil seeds and olea. Fruits; misc. 0.19 0.20
Grains, seeds and fruit; industrial or
medicinal plants; straw and fodder.
11. 13 Lac; gums, resins and other vegetable 0.64 0.37
saps and extracts.
12. 14 Vegetable plaiting materials; vegetable 0.00
products not elsewhere specified or
included.
32 | P a g e
33. 13. 15 Animal or vegetable fats and oils and 0.58 0.14
their cleavage products; pre. Edible
fats; animal or vegetable waxex.
14. 17 Sugars and sugar confectionery. 0.16 0.05
15. 18 Cocoa and cocoa preparations. 0.11 0.17
16. 19 Preparations of cereals, flour, starch or 0.00 0.05
milk; pastrycooks products.
17. 20 Preparations of vegetables, fruit, nuts 0.03 0.02
or other parts of plants.
18. 21 Miscellaneous edible preparations. 0.00
19. 23 Residues and waste from the food 0.20 0.03
industries; prepared animal foder.
20. 24 Tobacco and manufactured tobacco 4.31 1.01
substitutes.
21. 25 Salt; sulphur; earths and stone; 0.21 0.25
plastering materials, lime and cement.
22. 27 Mineral fuels, mineral oils and 1.82 0.89
products of their distillation;
bituminous substances; mineral waxes.
23. 28 Inorganic chemicals; organic or 13.72 2.64
inorganic compounds of precious
metals, of rare-earth metals, or radi.
Elem. Or of isotopes.
24. 29 Organic chemicals 14.08 7.80
25. 30 Pharmaceutical products 13.58 8.78
26. 31 Fertilisers.
27. 32 Tanning or dyeing extracts; tannins and 4.79 2.30
their deri. Dyes, pigments and other
colouring matter; paints and ver; putty
and other mastics; inks.
28. 33 Essential oils and resinoids; perfumery, 1.77 1.09
cosmetic or toilet preparations.
29. 34 Soap, organic surface-active agents, 0.64 0.41
33 | P a g e
34. washing preparations, lubricating
preparations, artificial waxes, prepared
waxes, polishing or scouring prep.
30. 35 Albuminoidal substances; modified 0.05 0.11
starches; glues; enzymes.
31. 36 Explosives; pyrotechnic products;
matches; pyrophoric alloys; certain
combustible preparations.
32. 37 Photographic or cinematographic 0.01 0.01
goods.
33. 38 Miscellaneous chemical products. 10.35 3.39
34. 39 Plastic and articles thereof. 23.00 6.76
35. 40 Rubber and articles thereof. 4.22 4.11
36. 41 Raw hides and skins (other than 0.92 0.41
furskins) and leather
37. 42 Articles of leather,saddlery and 0.30 0.15
harness;travel goods, handbags and
similar cont.articles of animal gut(othr
thn silk-wrm)gut.
38. 43 Furskins and artificial fur, 0.00 0.00
manufactures thereof.
39. 44 Wood and articles of wood; wood 0.21 0.01
charcoal.
40. 48 Paper and paperboard; articles of paper 0.05 0.04
pulp, of paper or of paperboard.
41. 49 Printed bookds, newspapers, pictures 0.12 0.24
and other products of the printing
industry; manuscripts, typescripts and
plans.
42. 50 Silk 0.53 0.30
43. 51 Wool, fine or coarse animal hair, 0.32 0.04
horsehair yarn and woven fabric.
44. 52 Cotton. 35.85 11.18
34 | P a g e
35. 45. 53 Other vegetable textile fibres; paper 1.66 0.49
yarn and woven fabrics of paper yarn.
46. 54 Man-made filaments. 38.32 16.68
47. 55 Man-made staple fibres. 40.72 22.98
48. 56 Wadding, felt and nonwovens; spacial 4.08 2.30
yarns; twine, cordage, ropes and cables
and articles thereof.
49. 57 Carpets and other textile floor 0.65 0.20
coverings.
50. 58 Special woven fabrics; tufted textile 2.59 2.08
fabrics; lace; tapestries; trimmings;
embroidery.
51. 59 Impregnated, coated, covered or 0.02
laminated textile fabrics; textile articles
of a kind suitable for industrial use.
52. 60 Knitted or crocheted fabrics. 0.08 0.01
53. 61 Articles of apparel and clothing 0.63 0.36
accessories, knitted or corcheted.
54. 62 Articles of apparel and clothing 2.55 3.18
accessories, not knitted or crocheted.
55. 63 Other made up textile articles; sets; 1.71 1.05
worn clothing and worn textile articles;
rags
56. 64 Footwear, gaiters and the like; parts of 0.09 0.03
such articles.
57. 65 Headgear and parts thereof. 0.11 0.01
58. 66 Umbrellas, sun umbrellas, walking- 0.00 0.00
sticks, seat-sticks, whips,riding-crops
and parts thereof.
59. 68 Articles of stone, plaster, cement, 1.23 0.86
asbestos, mica or similar materials.
60. 69 Ceramic products. 0.49 0.13
61. 70 Glass and glassware. 1.26 1.54
35 | P a g e
36. 62. 71 Natural or cultured pearls,precious or 0.73 0.50
semiprecious stones,pre.metals,clad
with pre.metal and artcls
thereof;imit.jewlry;coin.
63. 72 Iron and steel 3.22 5.15
64. 73 Articles of iron or steel 3.05 7.72
65. 74 Copper and articles thereof. 7.14 4.54
66. 75 Nickel and articles thereof. 0.01 0.01
67. 76 Aluminium and articles thereof. 0.36 0.15
68. 78 Lead and articles thereof. 0.13 0.13
69. 79 Zinc and articles thereof. 0.95 0.00
70. 82 Tools implements, cutlery, spoons and 1.12 0.84
forks, of base metal; parts thereof of
base metal.
71. 83 Miscellaneous articles of base metal. 0.12 0.11
72. 84 Nuclear reactors, boilers, machinery 20.44 26.67
and mechanical appliances; parts
thereof.
73. 85 Electrical machinery and equipment 30.23 6.97
and parts thereof; sound recorders and
reproducers, television image and
sound recorders and reproducers,and
parts.
74. 86 Railway or tramway locomotives, 0.00
rolling-stock and parts thereof; railway
or tramway track fixtures and fittings
and parts thereof; mechanical
75. 87 Vehicles other than railway or tramway 52.30 23.34
rolling stock, and parts and accessories
thereof.
76. 88 Aircraft, spacecraft, and parts thereof. 0.00 0.01
77. 90 Optical, photographic cinematographic 3.51 1.86
measuring, checking precision, medical
36 | P a g e
37. or surgical inst. And apparatus parts
and accessories thereof;
78. 91 Clocks and watches and parts thereof. 0.00 0.01
79. 92 Musical instruments; parts and 0.00
accessories of such articles.
80. 93 Arms and ammunition; parts and 0.01
accessories thereof.
81. 94 Furniture; bedding, mattresses, 0.47 0.03
mattress supports, cushions and similar
stuffed furnishing; lamps and lighting
fittings not elsewhere specified or inc
82. 95 Toys, games and sports requisites; 0.15 0.16
parts and accessories thereof.
83. 96 Miscellaneous manufactured articles. 0.65 0.47
84. 97 Works of art collectors' pieces and 1.19 0.44
antiques.
85. 98 Project goods; some special uses. 0.01 0.00
86. 99 Miscellaneous goods. 0.09 0.01
Total 372.10 191.56
Source: Directorate General of Foreign Trade, GOIs
37 | P a g e
