During their meeting with AMITH, the members of the Chinese delegation representing the textile industry sector in the governorate of Keqiao unanimously agreed on the importance of consolidating partnership relations with their Moroccan counterparts, stressing at the same time that the position of Morocco and the opportunities and prospects offered by the Moroccan market have now favored the rapprochement in more than one way.
Chen Hao, secretary of the Party Committee of Keqiao District, Shaoxing City, said that Morocco occupies a distinguished position in Africa in view of the development it is recording. As for Keqiao, he explains that this area has become an economic power: “Thanks to its industrial base, especially the Textile City, the value of its exports amounts to 20 billion dollars, while its turnover reaches 50 billion dollars.”
He added that Morocco, given its geographical location and the liquidity of trade it ensures, in addition to the availability of a mature textile industry, constitutes an important destination for exports from Keqiao province: “The area is to establish a win-win partnership with their Moroccan counterparts within a framework of integration, exchange of experiences and transfer of skills.”
It is worth noting that Keqiao is located on the New Silk Road and is the largest gathering center of Chinese textile enterprises and a global textile distribution center. Every year, fabrics worth 9 billion dollars are exported from here to all parts of the world.
For AMITH President Anas Al-Ansari, Morocco and China enjoy a rich history of economic and commercial cooperation, and this meeting represents an important step to strengthen relations between the two parties in the textile sector.
Regarding the Moroccan textile sector today, Al-Ansari stressed that it represents 1,800 companies, or 18 percent of the Moroccan industrial fabric, and provides 220,000 declared jobs in 2023, including 64% women and 36% men, an increase of 9% compared to the Moroccan textile sector. 2022 and 25% of total industrial jobs in Morocco, not including workers in the informal sector, whose number is estimated at 130,000 people.
He announced that the sector’s turnover reached $6 billion in 2023, an increase of 5.5% compared to 2022, which represents 8% of the total turnover and 15% of Morocco’s industrial gross domestic product.
He also indicated that the sector’s exports reached 4 billion dollars, or 10% of Morocco’s total industrial exports, and 2 billion dollars of added value in 2023, or 8% of the total added value of the Moroccan industrial sector, confirming that the volume of investments in the sector reached 2 billion dirhams in 2023, or 4% of total industrial investments in Morocco.
Anas Al-Ansari indicated that Morocco currently imports more than $4 billion worth of inputs, which is a factor that increasingly strengthens partnerships with China, paving the way for investments in the local manufacturing of these inputs: “The textile sector is of great importance to our economy, and we are convinced that your experience and expertise can bring significant added value to the Moroccan textile industry, and our country offers competitive advantages such as attractive production costs, a skilled workforce, modern transport infrastructure and privileged access to European and African markets through multiple free trade agreements.”
This meeting between AMITH and Keqiao textile professionals concluded with the signing of several partnership agreements covering all aspects of the sector.
H.Z
#MoroccoChina #partnership #AMITH #textile #companies #Keqiao #region
– 2024-09-09 13:34:52
