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Morocco'S Textile And Clothing Exports Fell By 5.1% Compared To The Same Period Last Year.

2009/3/12 0:00:00 10237

Spinning Suit

The employment of Morocco's textile and garment industry and leather industry accounts for 40% of the total number of employed people, contributing 13% to gross domestic product and 27% of the share of the total exports.

According to the Ministry of employment, the number of unemployed people in the textile industry has reached 40 thousand in recent months, accounting for 20% of the industry's population, and 70 thousand jobs are being threatened today.

The hardest hit was the Rabat region, where factories closed and half of the unemployment measures were implemented.

The reason why these enterprises were hit hard by the crisis came mainly from export customers, Spain and Britain.

It is reported that in 2008, Morocco's textile and clothing exports fell by 5.1% compared with that of Tunisia, while only 1.7% of Tunisia's exports. The export performance of the two countries was the same, because Morocco's export market was mainly Spain, France and the United Kingdom, while Tunisia's exports focused on France and Italy.

According to reports, at the end of last year, under the active request of Morocco textile and garment industry association, the Moldova government decided to help textile and garment export enterprises.

The government has formulated a one year plan, mainly in the following three aspects. First, at the social level, tax relief is given to enterprises for 6 months. Enterprises can continue to postpone the waiver under the condition that the layoffs are not more than 5%. Secondly, banks can agree to delay payment and provide credit facilities; lastly, in terms of commercialization, the government takes 80% of the target cost of media programs to promote the export of important sales networks and brands, and reduces the export insurance cost to improve the coverage.

(Pactenational) in the 2009 to 2015 National Convention on the development of new industries in Morocco (Pactenational), the budget for public and private enterprise contracts was 1 billion euros, 34% of which was used for training, and 24% for investment.

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