MATIS to substitute Maroc Export and AMDI

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Morocco will make a new agency to enhanced manage and promote investment and exports.

MATIS to substitute Maroc Export and AMDI

MATIS to substitute Maroc Export and AMDI

The Moroccan administration hopes to give a boost to foreign business and foreign venture, through the formation and conception of this new agency, Moroccan Agency for Trade, Investment and Services or MATIS.

According to Jeune Afrique, the Minister of Commerce and Industry, Moulay Hafid El Elalamy, will soon have a new agency called the Moroccan Agency for Trade, Investment and Services or MATIS. It will be responsible for Foreign Direct Investment (FDI) and will also promote Moroccan exports.

The Moroccan Agency for Investment Development (AMDI) and Maroc Export are presently responsible for this mission. They will most likely integrate their services into this new institution.

Morocco experienced a weakening in the value of exports and imports of supplies and services in 2013. Exports are expected at 419 billion dirhams, a failure of 1.64% compared to 2012. Imports dropped by 1.67% in the same period. This report was according to the Ministry of Industry.

Nevertheless, the good news from 2014 report of UNCTAD on world investments, the country recorded an improved of 23% in FDI. The amount is estimated approximately 27.65 billion dirhams.

Mohamed Dekkak