VOL. XLV

No 36

9-September-2002

MOROCCO

MoroccanTradeDeficitFalls

The Moroccan trade deficit has narrowed25.3% year-on-year in the first half of 2002 to $1.7bn, according to JP Morgan,as a result of an 11.5% increase in exports and a 2.5% reduction in importsagainst the first half of 2001. Rising exports of foodstuffs, semi-processedproducts and equipment products, and falling imports of energy and consumerproduct were behind the shift in Moroccos tradefigures. Foreign exchange reserves increased...