Morocco: Export Of European Textile And Apparel Products
Due to the sharp reduction in European textile orders, Morocco is heading towards the second half of this year.
Europe
Exports of textile and garment products will fall sharply.
Compared with exports to Europe in the first half of 2011, the current export growth rate dropped by 17%.
Some big European importers to Morocco
Order
The reduction has been carried out by about 30%.
It is mainly affected by the economic crisis in the euro area.
Tazi explained, "what we are experiencing now is a signal of economic turbulence or economic crisis, which is not clear to us at the moment."
He said that the visibility of local enterprises is very low, visibility is only by the end of October, if it can not be found.
Sale
Some enterprises will face the risk of bankruptcy due to backlog.
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