Tate Yoko Research Institute – TRI increases an organization’s awareness and knowledge about the changing environment and decisions taken within the western economies including their decision making: from countering risks to discovering opportunities and applying solutions.
Trusted by clients that span from the US to the entire Asia, Tate Yoko Research Institute while it was founded and based in Kyoto, Japan, it has field teams in Southeast Asia and East Asia and a network team of experts with diverse professional backgrounds from Japan, Hong Kong, Europe and the United states. Tate Yoko Research Institute has field teams in Singapore, Hong Kong, Malaysia, and other countries in Southeast Asia, and East Asia.
Tate Yoko Research Institute have also established strategic relationships with Universities and Think-Thanks that allow us to provide solutions and recommendations to our clients’ increasing needs and demands in international relations, strategic planning and economic and financial situation analysis.
Globetrotter for Trade and Business Cultures – GLOBAL LEVERAGE – Doing Business with Us Let’s do business together Book an appointment with one of our Consultants Renault Drives and Quits the Road to China The Paris Motor Show saw Renault present their Showcar K-ZE, which is a prototype for the announced City SUV models, which will…Continue Reading →
Kyoto, Japan – Hong Kong – China – August 15, 2022 – Tate Yoko Research Institute – TRI, an established research institute providing consulting insights and analytical reports, has appointed Dr. Said El Mansour Cherkaoui as an Advisor and Global Public Relations Manager.
“We are happy to have Dr. Said El Mansour Cherkaoui as members of our Global PR team which is adding high value to our Public Relation and Customer Development,” said Yolanda Fischer, Executive Partner at Tate Yoko Research Institute – TRI. “Said is well respected professional with several decades of outstanding practices in developing relationship between various business entities and countries around the world. He has helped many US and African companies to establish their international operations. Said has also conducted and coordinated trade missions to Africa, Europe and Asia.
Said is a published Author of research papers, articles and has also contributed in academic publications. Actually, Said is the Editor and Content Writer on business and entrepreneurial news at several online blogs and outlets that he created and actually manage. The corresponding publications focus on world affairs, international relations and international business development as well as art and literature.
We are enthusiastic about the engagement of Said in Tate Yoko Research Institute – TRI’s efforts to expand the outreach of our consulting services, research intelligence papers, reports on world business trends and the evolution of the United States relations with China and other Asian Countries.”
“The market opportunity today is massive as per providing business leaders with valuable insights on the continual changes and the lasting transformations taking place in many economies and between the most developed countries,” said Dr. Said El Mansour Cherkaoui. “Tate Yoko Research Institute – TRI’s track reputation among top tier Asian companies from Asia is an additional validation of the quality of consulting services offered the network of experts at this venerable institution. I am grateful to receive this recognition and this opportunity to consolidate the success of Tate Yoko Research Institute – TRI during its next stage of growth in the United States, Asia and other regions of my knowledge.”
Said E. Cherkaoui completed his Diplome du Second Cycle, Section Economie-Finance, Economics & Finance, Institut d’Etudes Politiques de Grenoble, France. He holds , Ph.D, Economics – Latin American Studies Université Sorbonne Nouvelle (Paris IV) that was completed following 14 years of research in the U.S., Mexico, Brazil, United Kingdom, Spain, Portugal and France.
Get in touch with the Said El Mansour Cherkaoui: firstname.lastname@example.org to acquire an insight on how he can facilitate your contact and communication with Tate Yoko Research Institute – TRI
I am both humbled and honored to be a part of this historic moment and I am excited to join a community of men and women of an amazing business entity named Tate Yoko Research Institute, founded in 2006 at Kyoto, Japan and located in Hong Kong SAR.
My new position is Global Public Relations Manager that I’m glad and proud to share this great opportunity with all my followers, former and current colleagues, professional acquaintances and members of my inner circles of executives in the United States of America, Central and South America, China, Southeast Asia, in the EMENA: Europe [France] – Middle East and North and South Sahara Africa.
Knowing that many of you prefer to contact me through my private channel here at LinkedIn and elsewhere, here is my new email: email@example.com ·
So, if you are Journalist, reporting and writing analysis on international business and / or if you are a professional interested in Consulting projects and you possess a full grasp on Research Intelligence, International Relations with focus on Public Policy and Economic / Financial decisions and Global Business Strategies that encompass public and private sectors in the United States of America and its relation to Asia, please send me your proto-profile, a summary of your areas of expertise and your contacts info.
I look forward to reigniting our common interests on World Affairs and reinvigorating our mutual beneficial exchanges and interactions.
In conclusion, I gratefully appreciate this opportunity to be offered this function and I thank the Executive Team and my colleagues at Tate Yoko Research Institute – TRI for the confidence they have bestowed on me.
These are for me unshakable evidence of their willingness to share business intelligence solutions and efficient and innovative know-how that can benefit our client-base and sustain our committed team of consultants in their drive to success.
Our common denominator is to collaborate and excel through collaborative approaches and synergistic methods to serve our clients with excellent solutions that are the best of what our industry can offer today.
I Dr. Said El Mansour Cherkaoui’s career combines international business management, applied research, and academic responsibilities. From 1982 to present, Dr. Cherkaoui has held executive positions as Vice President with both SVT Africa – and Logistics Systems, Senior Consultant at the International Trade Development Center, Executive Director of Business Development at Mercanteo/Amient, International Business Manager at Sprint Corp. and Corporate Accounts Manager at Everex. Actually, Dr. Cherkaoui is the Founder and Executive Principal at Glocentrade – Global Center for Trade.
Said El Mansour Cherkaoui has also served as Consultant and Project Consultant with the East Bay Small Business Development Center, and as Co-chairman of the International Business Development Committees on Africa and the Middle East at the San Francisco Chamber of Commerce. At the Academic institutions, he hold positions of Department Chairman at a Franco-American University and Adjunct Associate Professor at several academic institutions in the Bay Area of San Francisco and online universities.
I In France, Dr. Cherkaoui graduated from SciencesPo of Grenoble specializing in Economics and Finance and DEA from Intitut de Recherche Economique et de Planification, Grenoble with Diploma on Prospective Sciences, Grenoble University along with a Doctorate in Economics from the Université de Sorbonne – Nouvelle, Paris III.
Dr. Cherkaoui organized and presented Multiple International Conferences Collaboration with the US Department of Commerce, the US Small Business Department, the US Small Business Association, the 2 East Bay and Bay Area Centers for International Trade Development and other local business professional representatives organizations and the Chambers of Commerce around the Bay Area of San…Continue Reading →
Active Said El Mansour Cherkaoui July 24, 2017 · Dr. James Garrett and Dr. Said E. Cherkaoui in China.— in Guiyang. Globetrotter for Trade and Business Cultures August 5, 2021IN “AFRICA” China and Said El Mansour Cherkaoui August 23, 2021IN “ASIA” Comments El Alami Boussalem Rien que ça, au diable être un ancien joueur du DHJ au milieu … Continue Reading →
Doing Business in China is not enough, it can work, however, building relationship in China can endure and share values at cultural levels – Knowing China is knowing how to do business and how to overcome hurdles in life,” by Said El Mansour Cherkaoui In 2010, China became the world’s second largest economy, in the…Continue Reading →
The European Commission and the United States deployed an array of monetary, financial, trade, and investment sanctions against Russia with an approach that is more relevant to a gradual escalation. These sanctions have also demonstrated that their effects cannot be fully effective if other countries outside of the Eurozone continue their relations with Russia. It…Continue Reading →
European Commission As the brutality of the Russian invasion increased, the European Union approved the fifth package of sanctions against the Kremlin’s war machine. These measures are broader and harsher and dig even deeper into the Russian economy. They follow atrocities committed by Russian forces in Bucha and elsewhere in Ukraine under Russian occupation .…Continue Reading →
Review of the Press on Tech: In 2014, LinkedIn officially launched a Chinese beta version of its professional social network under the name Lingying (领英). LinkedIn hired Derek Shen, formally the founder and CEO of group buying website Nuomi, as the head of its mainland-focused operations. When it launched there, in 2014, it had agreed to adhere…Continue Reading →
Real estate is part of the learning process in any country who is developing a local financial structure that has not been going into and through crises and depressions caused by speculative trends and conjunctions. Such tribulations are the forming and the correcting tools for the financial system that has not been exposed to real…Continue Reading →
Said El Mansour Cherkaoui China not New Year but New Health Challenge In an effort to slow the spread of the virus, many Lunar New Year celebrations were canceled, and the government issued travel bans4 and instituted a quarantine of millions of people, which prevents laborers from returning to work.5 The quarantine has had major effects on…Continue Reading →
La Chine et Said EL Mansour Cherkaoui Invité par le Gouvernement Chinois pour faciliter l’expansion internationale des compagnies chinoises et former les dirigeants des entreprises chinoises aux rudiments et aux exigences de l’internationalisation des affaires et le développement de la …Continuer de lire
They camped for months and first the brother of the President run away and when the president did not want to leave. All the political parties tried to calm the masses while the economic situation worsened all around the Island with shortage first and later complete absence of fuel and other necessity, speculation followed and…Continue Reading
Said El Mansour Cherkaoui, Ph.D. 5/5/2022 BRICS (Brazil – Russia – India – China – South Africa) Russia – India – China triangle In particular, the formation of the BRICS group in 2010 emphasized that “the world is undergoing significant and rapid changes that highlight the need for corresponding transformations of global governance … Continue Reading →
by Global Development Institute | Nov 27, 2017 | Rory Horner, Lecturer in Globalisation and Political Economy and Hallsworth Research Fellow, Global Development Institute What role can and does the state play in economic development under globalisation? This is arguably one of the fundamental debates in development studies. When discussing the role of the state in development, it is…Continue Reading →
Changing World Economy – December 1, 2020 … Continue Reading The ten countries of ASEAN and five Asia-Pacific countries, including five members of the G20 (China, Japan, Korea, Australia and New Zealand) have just agreed a major trade deal called The Regional Comprehensive Economic Partnership, or RCEP. This is a mega-regional free trade agreement between…Continue Reading →
MORE TO COME AND BETTER WE WILL BE TOGETHER – COME BACK YOU ARE ALWAYS WELCOME
Google has invested $300 million into an OpenAI and ChatGPT rival, officially joining the race to create the best generative AI. The tech giant is taking a 10% stake in Anthropic and its AI model Claude, The Financial Times reports. Anthropic’s short history is full of big players — former OpenAI researchers founded the startup in 2021 and raised $580 million in funding last April, mostly from the now disgraced FTX. Google’s announcement comes weeks after Microsoft, LinkedIn’s parent company, invested $10 billion into OpenAI.
Very excited to partner with Anthropic on building the future of AI on our Google ML infrastructure!
Anthropic selected Google Cloud to benefit from the company’s deep expertise in large-scale systems for machine learning, and as a partner with shared values around safe and beneficial development of AI. By leveraging Google’s custom-developed machine learning systems designed to run computationally-intensive workloads, Anthropic will continue to conduct breakthrough AI research on the same infrastructure that powers Google Search and YouTube.
“At Google, we believe it is imperative to pursue AI boldly and responsibly,” said James Manyika , SVP of Technology and Society, Google. “We are committed to developing and delivering useful and beneficial applications, applying responsible principles grounded in human values and safety, and evolving our approaches as we learn from research, experience, users, and the wider community. Our partnership with Anthropic is aligned with that philosophy.”
“AI has evolved from academic research to become one of the biggest drivers of technological change, creating new opportunities for growth and improved services across all industries,” said Thomas Kurian , CEO, Google Cloud. “Google Cloud is providing open infrastructure for the next generation of AI startups, and our partnership with Anthropic is a great example of how we’re helping users and businesses tap into the power of reliable and responsible
There’s been a real frenzy around #AI over the past few months. But I thought calling it an “AI arms race” was tad alarmist. Until now.
With the Financial Times reporting that Google has invested $300 million into Anthropic — on the heels of Microsoft’s (LinkedIn’s parent) recent $10 billion investment into ChatGPT-creator OpenAI — it’s clear that the race for the future of AI has ramped up.
Other tech giants, particularly those with thriving cloud businesses (Amazon, anyone?), stand to benefit a ton, and could sell artificial intelligence–based applications developed alongside their other products, as Sameer Dholakia of Bessemer Venture Partners told me.
What about the startups? Don’t count them out yet. Not only do they have notable talent on their side, but could also attract more investment as the big tech companies try to outdo one another. Google’s cloud division, for example, continues to work with other startups like Cohere and C3 AI in a bid to secure a bigger foothold in AI.
Founded in 2021, Anthropic also conducts research into AI language models. The company has built its own general-purpose chatbot, a potential rival to ChatGPT named Claude, but has yet to release it publicly.
Google just announced a massive $300 million investment into OpenAI to rival Facebook’s GPT-3 technology! 🤩 This will help accelerate the development of AI in unprecedented ways! 🤯 We can’t wait to see what this investment unlocks for the future of AI! 🤓 #AI#Tech#GPT3#OpenAI#Google#theverge
Times are really interesting to watch out in generative AI space. According to news reporting from the Financial Times, Google has invested $300 million in one of the most buzzy OpenAI rivals, Anthropic, whose recently-debuted generative AI model, Claude, is considered competitive with ChatGPT #google#ai. Results of Claude model are comparatively better than chatgpt.
Anthropic‘s Claude does a decent job of translating Bengali text into English. ChatGPT failed this particular task. So did Google translate.
My dad Rehman Mehbubor has been writing op-ed articles in Bangladeshi newspapers recently. He sent me one of his articles today. Having grown up in the United States, I did not learn to read and write in Bangla, unfortunately. (Though I do speak it).
First I tried Google translate to help me read his article. It kept failing, stating that I exceeded the character limit. I kept reducing the text down and finally got it to work but felt that it was too cumbersome to do over and over again. Next I tried ChatGPT. I kept getting an error message. Finally, I tried Claude. And it worked! I’m glad I found a way to appreciate my dad’s work.
Isn’t it crazy to think that back in early November, we still searched for information on Google and wrote our own copy like a bunch of jackasses?
We were rosy cheeked cherubs when it came to AI back then.
Its fast growth lit a fire under every company in the AI space. And now they’re coming in hot.
In a few more months, the landscape will look very different.
What are a few AI contenders we should look out for?
A VentureBeat article from today shed some light on it.
1️⃣ 𝐀𝐧𝐭𝐡𝐫𝐨𝐩𝐢𝐜’𝐬 𝐂𝐥𝐚𝐮𝐝𝐞
Created by former OpenAI researchers, it got $580 million in funding, and is about to raise $300 million more. A weird footnote to that is Sam Bankman-Fried and FTX bankrolled most of the first round, which isn’t a great association to have.
Still, the company is seemingly good. It’s in closed beta now, but said to potentially be an improvement on ChatGPT and is designed to not be evil at its core.
2️⃣ 𝐃𝐞𝐞𝐩𝐌𝐢𝐧𝐝’𝐬 𝐒𝐩𝐚𝐫𝐫𝐨𝐰
This one is Google’s answer to OpenAI that takes a safer approach. It’s going slow because it wants to be able to cite sources and reduce risk.
It’s going to be in private beta sometime this year, and I’m here for it. Trusting data generated by AI is hard, and if it can make the data more trustworthy, that’s going to be massive.
3️⃣ 𝐆𝐨𝐨𝐠𝐥𝐞’𝐬 𝐋𝐚𝐌𝐃𝐀
Google isn’t taking this lying down and they have another LLM competitor built on top of Google’s open-source Transformer architecture just like ChatGPT.
One of the researchers working on it got into trouble last year because he said it was sentient. So yeah, there’s that.
It should be the closest experience to ChatGPT of the bunch. It’ll be cool to compare the 2 tech behemoths once it’s out.
4️⃣ 𝐂𝐡𝐚𝐫𝐚𝐜𝐭𝐞𝐫 𝐀𝐈
Just like Anthropic was sort-of a descendant of OpenAI, Character AI is LaMDA’s. A couple of the original engineers that created Transformer and then LaMDA set out on their own.
Its technology lets users chat with AI-driven impersonations of historical figures like Queen Elizabeth or Shakespeare as well as fictional characters.
While that’s a 𝘷𝘦𝘳𝘺 specific use case, the technology is 𝘨𝘰𝘰𝘰𝘰𝘥. I had an adventure with Mario to test it out and it was like playing an old-school text adventure game.
These are just the tip of the iceberg of what’s coming.
Are you excited for what’s next?
How do you see these tools working together? Or who will win?
📌 Note de Conjoncture n°311 du mois de Janvier 2023. La Direction des études et des Prévisions Financières a le plaisir de partager, avec vous, sa première Note de Conjoncture de l’année 2023 qui fait état d’une résilience confirmée de l’activité économique nationale en 2022 dans un environnement international difficile.
Au niveau international:
▪️ Dégradation des perspectives de croissance de l’économie mondiale en relation, notamment, avec les incertitudes grandissantes liées à l’issue du conflit en Ukraine et à la fin de la politique « zéro COVID » adoptée récemment par la Chine ; ▪️ Euro : 1,08 dollar le 19 janvier, le niveau le plus élevé depuis avril 2022 ; ▪️ Pétrole : 86 dollars le 19 janvier, en hausse de 11% depuis début 2023.
Au niveau national :
▪️ Progression des activités hors agriculture de 3,4% au terme de l’année 2022, selon le HCP, avec des évolutions différenciées par secteur, notamment au niveau du secondaire ; ▪️ Redressement confirmé des secteurs du tourisme et du transport aérien ; ▪️ Ralentissement de la consommation des ménages en 2022, quoiqu’ atténué par l’impact positif des mesures engagées par les pouvoirs publics pour soutenir le pouvoir d’achat des ménages ; ▪️ Atténuation du taux global d’inflation par rapport à ce qui a été enregistré, à fin décembre, dans plusieurs pays avancés tels les Etats-Unis et la zone euro, ainsi que dans des pays voisins à l’instar de l’Egypte et la Tunisie ; ▪️ Maintien de l’effort d’investissement ; ▪️ Raffermissement des exportations en parallèle avec une hausse plus importante des importations ; ▪️ Amélioration du déficit budgétaire de près de 0,4 point du PIB pour avoisiner 5,1% du PIB au titre de l’année 2022 ; Accélération des crédits bancaires accordés à l’économie.
To be or not to be in Recession? C’est la question principale qui est absente.
La conjoncture internationale n’est pas seulement affectée par la du conflit en Ukraine et à la fin de la politique « zéro COVID » adoptée récemment par la Chine, d’autres facteurs géostratégiques et de politiques financières et économiques régionales et internationales conditionnent la croissance des économies mondiales avancées créant ainsi une cascade de mouvements récessionnistes sapant les bases du transfert de la valeur ajoutée entre les entreprises formant et alimentant la chaîne de valeur ajoutée.
La Chine a anticipé sur l’avènement du Nouvel An du Water Rabbit pour stimuler la consommation durant la période de célébration afin de gommer la contraction connue en 2022 au niveau de la croissance. Selon les chiffres du Bureau national des statistiques de la Chine publiés mardi 17 janvier 2023, la croissance serait de 3% en 2022 loin des projections de +5,5%. Ce taux est le plus bas niveau depuis les années 1970. Les mots d’ordre sont “Stabilité et Réformes” avec lesquelles la Chine tente de séduire les investisseurs nationaux et internationaux et rétablir la confiance dans le devenir économique du pays.
Quant aux Etats Unis, c’est le déluge des licenciements en masse dans tous les secteurs de pointe et surtout dans les services. Les compagnies phares tech ne cachent plus leur désarroi, profitant d’un environnement conflictuel international et récessionniste national, elles mènent le combat contre les tendances de mobilisation syndicale que les ouvriers et les travailleurs voulaient former comme défense face à l’érosion de leurs pouvoirs d’achat et leurs droits. La réponse est une solidarité des compagnies qui jusque-là furent protégées contre les effets de la crise. Ainsi, il n’est point étonnant que mercredi 4 janvier 2023, Amazon projette de licencier 18 000 salariés, Microsoft et autres. Ce déferlement fut ainsi démasqué et démarrée par les faillites des Startups et surtout par les manipulations frauduleuses du secteur des Crypto Assets qui contribua à matérialiser en 2022 par le Wall Street de sa pire année depuis 2008 : le S&P 500, l’indice des 500 principales entreprises cotées, a chuté de 20 %.
En parallèle, la continuelle inflation tend à éroder le pouvoir d’achat des plus défavorisées et affecte l’emploi des plus pauvres. Vu que la lutte contre l’inflation passe par la réduction des salaires, cette situation paradoxale rend l’acceptation de toutes les conditions de travail acceptable dans les secteurs par les travailleurs démunis et sans protection syndicale. La productivité sera affectée comme le sera la stabilité des emplois rendant affaiblissant les efforts de redressement et l’emploi dans les secteurs de services à bas revenu dans l’échelle économique et industrielle.
En parallèle, le soutien financier à l’Ukraine et autres dépenses budgétaires de circonstance ont fait atteindre atteint le plafond de la dette fédérale qui s’élève actuellement à 31,4 billions de dollars, le jeudi 19 janvier 2023, ce niveau de dette est d’environ 120% du PIB, selon les chiffres du gouvernement.
De ce fait, les Etats -Unis vont être caractérisées par la continuation de la récession et par une période de ralentissement économique. La stimulation des dépenses militaires de réarmement, la course pour la sophistication d’armes nouvelles et les exportations d’armes comme forme de recyclage des anciennes armes sont ainsi considérées comme des remèdes conjoncturels alors que les problèmes réels sont endigués et embedded dans la répartition de la richesse et l’inégalité criante dans le partage des bénéfices de la croissance économique. Par contre, les effets et les conséquences de la stagflation et de la récession sont distribués avec générosité sans frontières parmi les classes sociales laborieuses.
World Financial Economy and Gradual Definition of Regional Monetary Commun Policy
J’ai défendu l’intégration monétaire et financière latino-américaine alors que je travaillais au début des années 80 avec le Dr Celso Furtado à l’Institut des hautes études de l’Amérique latine (IHEAL – Université Sorbonne Nouvelle Paris 3) :
En savoir plus dans mes publications énumérées ci-dessous:
I have advocated the Latin American Monetary and Financial Integration while I was working during the early eighties with Dr. Celso Furtado at the Institut des hautes études de l’Amérique latine (IHEAL – Université Sorbonne Nouvelle Paris 3):
Just a few years ago, plant-based meat was poised to become the next big thing. But instead of disrupting the meat industry, once-buzzy firms like Beyond Meat and Impossible Foods are struggling, Bloomberg writes. The main problem: Customers “eventually took a closer look at the ingredient list and couldn’t figure out whether they were actually trading up” to something healthier than real meat, especially considering the price premium. Only 38% of Americans say plant-based meats are healthy now, a 12% drop in just two years, Citi Global Insights reports.
Beyond has had a particularly tough time, with its stock falling more than 90% from its 2019 peak. The firm’s market cap has dwindled from roughly $14 billion to $1 billion.
I’m really proud of our story on the fake meat flop that ran yesterday and will be on the cover of the forthcoming issue of Bloomberg Businessweek. A lot of people out there seem to think I haven’t covered or don’t know about the problems created by industrial agriculture. Guys, I’ve been covering it for nearly a decade!!
★ Foreign Investment and Foreign Trade ★ Morocco has ratified 72 investment treaties for the promotion and protection of investments and 62 economic agreements – including with the United States and most EU nations – that aim to eliminate the double taxation of income or gains. Morocco is the only country on the African continent with a Free Trade Agreement (FTA) with the United States, eliminating tariffs on more than 95 percent of qualifying consumer and industrial goods.
Morocco’s Investment and Export Development Agency (AMDIE) ★ is the national agency responsible for the development and promotion of investments and exports. Following the reform to the law governing the country’s Regional Investment Centers (CRIs) in 2019, each of the 12 regions is empowered to lead their own investment promotion efforts. The CRI websites aggregate relevant information for interested investors and include investment maps, procedures for creating a business, production costs, applicable laws and regulations, and general business climate information, among other investment services.
The International Finance Corporation recognizes Morocco as a top market reformer in the Middle East and North Africa. The nation has emerged as a commercial hub as a result of its economic reforms, investment incentives, competitive costs of production, modern banking processes, strong laws to protect intellectual property, and proximity to major markets. Morocco has a Free Trade Agreement with the United States and an Association Agreement with the European Union (EU).These agreements attract traders looking to enter Morocco, the world’s largest markets (such as the EU and the United States), and the world’s fastest growing markets (e.g., Africa). The U.S. – Morocco Free Trade Agreement entered into force in January 2006, eliminating duties on more than 95 percent of all goods and services, and U.S. exports have grown dramatically since then.
As the United States was struggling in its battle for independence from Great Britain, Sultan Mohammed III of Morocco was among the first heads of state in the world to grant American ships port access. By royal decree in 1777, Sultan Mohammed III provided the Americans with an economic ally and began what would become the longest unbroken diplomatic relationship in the history of the United States. With the more contemporary 2006 free trade agreement causing an increase in American and Moroccan exports from $481 million to $3.5 billion and $446 million to $1.6 billion
The Investment Charter, Law 18-95 of October 1995, is the current foundational Moroccan text governing investment and applies to both domestic and foreign investment (direct and portfolio).
Morocco Foreign Direct Investment (FDI) increased by 1.2 USD bn in June 2022, compared with an increase of 416.3 USD mn in the previous quarter. Morocco Foreign Direct Investment: USD mn net flows data is updated quarterly, available from Mar 2014 to Jun 2022.
According to data from the country’s foreign trade watchdog, the Exchange Office (OE), Morocco welcomed MAD 6.3 billion ($578 million) in investments from the US in the first half of 2022, compared to MAD 5.6 billion ($513.7 million) from France.
For the United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2020 , Morocco attracted the eighth most foreign direct investment (FDI) in Africa. Following a record year in 2018 where Morocco attracted $3.6 billion in FDI, inbound FDI dropped by 55 percent to $1.6 billion in 2019. Despite the global COVID-19 pandemic, FDI inflows to Morocco remained largely stable totaling $1.7 billion in 2020, according to the Moroccan Foreign Exchange Office, a slight increase of one percent from the previous year. France, the UAE, and Spain hold a majority of FDI stocks. Manufacturing has the highest share of FDI stocks, followed by real estate, trade, tourism, and transportation. Morocco continues to orient itself as the “gateway to Africa” for international investors following Morocco’s return to the African Union in January 2017 and the launch of the African Continental Free Trade Area (CFTA) in March 2018, which entered into force in 2021.
In June 2019, Morocco opened an extension of the Tangier-Med commercial shipping port, making it the largest in the Mediterranean and the largest in Africa. Tangier is connected to Morocco’s political capital in Rabat and commercial hub in Casablanca by Africa’s first high-speed train service. Morocco continues to climb in the World Bank’s Doing Business index, rising to 53rd place in 2020, rising on the list by 75 places over the last decade. Despite the significant improvements in its business environment and infrastructure, high rates of unemployment, weak intellectual property rights protections, inefficient government bureaucracy, and the slow pace of regulatory reform remain challenges.
Morocco has ratified 72 investment treaties for the promotion and protection of investments and 62 economic agreements, including with the United States and most EU nations, that aim to eliminate the double taxation of income or gains. Morocco is the only country on the African continent with a Free Trade Agreement (FTA) with the United States, eliminating tariffs on more than 95 percent of qualifying consumer and industrial goods.
The Government of Morocco plans to phase out tariffs for some products through 2030. The FTA supports Morocco’s goals to develop as a regional financial and trade hub, providing opportunities for the localization of services and the finishing and re-export of goods to markets in Africa, Europe, and the Middle East.
Since the U.S.-Morocco FTA came into effect bilateral trade in goods has grown nearly five-fold. The U.S. and Moroccan governments work closely to increase trade and investment through high-level consultations, bilateral dialogue, and other forums to inform U.S. businesses of investment opportunities and strengthen business-to-business ties.
Dr. Said El Mansour Cherkaoui has organized several trade missions in California, North and Sub Saharan Africa, China, France and Spain. Similarly, he has contributed in the setting of trade relations within the scope of the US – Morocco Free Trade Agreement (MAFTA). Dr. Cherkaoui’s profile can be accessed at this link: https://www.linkedin.com/in/drsaidcherkaoui/ Morocco Background The… Read More USA and Morocco: Trade Profile
Morocco and United States Trade Relations
Morocco is located in Northwestern Africa and is slightly geographically larger than California. The capital of Morocco is Rabat, which is bordered by the Atlantic Ocean. Morocco has a population of 34.37 million people and a gross domestic product (GDP) of $100.6 billion. Due to its proximity to Europe along the strategic location as a gateway to Africa, Morocco has created strong trade relationships and promotes an open market economy. In 2015, the US had $304 million in foreign direct investment (FDI) in Morocco.
The United States is the fourth largest importer of Moroccan goods.
In 2016, the US imported roughly $1 billion worth of goods from Morocco. The largest category of imported goods was chemicals, which made up 36.8% or $375 million of the total. Other imports from Morocco included food manufactures, apparel manufacturing products, and transportation equipment. In the same year, the United States exported $1.86 billion worth of goods to Morocco, which was an increase from the previous year. In the same year, the United States exported $1.86 billion worth of goods to Morocco, which was an increase from the previous year .
The main exports to Morocco were transportation equipment (31.6%), agricultural products (15%), and petroleum and coal products (8.7%). Export data pulled from the International Trade Administration (ITA) shows that average US exports to Morocco have more than tripled since the US-Morocco Free Trade Agreement (FTA) went into effect just over a decade ago.
President George W. Bush signed the FTA, the first US free trade agreement with an African country, exactly twelve years ago today; and the agreement went into effect on January 1, 2006.
In the three years before the FTA (2003-2005), US exports to Morocco averaged $482 million; in the past three years (2013-2015), they increased 328 percent to $2.1 billion.
At the state level, Texas claims the spot as the top exporter to Morocco, both in 2015 and on average over the past three years, exporting $510 and $710 million worth of goods, respectively. Other top state exporters when looking at three-year averages include Louisiana, West Virginia, Washington, and California in descending order; considering only 2015, Washington, Louisiana, Virginia and California rounded out the top five following Texas.
When looking at sheer growth in exports since before the FTA, other states emerge as winners. Nevada experienced the biggest boost in exports at a nearly 13,000% increase; Idaho’s exports increased by nearly 11,000%; Montana’s by just over 10,000%; New Mexico by nearly 4,500%; and West Virginia by just under 4,000%.
Morocco has been doing everything right to strengthen and diversify its economy,” said former US Ambassador to Morocco Edward M. Gabriel. “Choosing Morocco as the US’s first FTA beneficiary in Africa was a smart move, and I believe the US will continue benefiting from this strong relationship for years to come.
”Here below, you will found presentations on the California – Morocco Trade and the MAFTA – Morocco Free Trade Agreement with the United States including investment opportunities in Morocco.
With an annual Gross Domestic Product growth rate of nearly five percent over the past five years, Morocco’s recent economic history is one of macroeconomic stability and low inflation, despite the challenges of the Arab Spring. In the World Bank’s 2017 Doing Business report, Morocco’s rating improved to 69th in the world.Morocco is conveniently located for investors who are interested in exporting to Europe and Africa. Moreover, the availability of skilled and competitive labor at lower costs, relative to Europe, is a key factor in attracting automakers to Morocco. These automakers are also eligible for tax exemptions for 25 years, provided that most of the production is destined for export.“
The interests of Renault in Morocco remains the control of the Moroccan automobile market, the availability of very-affordable and relatively well-educated workforce and the bridge to Europe and the Gateway to Africa and Middle East that Morocco provide through its strategic geographical location. Additional benefits can be also the unique opportunities that are offered by the operation of Tangier. Renault is currently the dominant company in the Moroccan automotive market. The Dacia and Renault brands, owned and operated by Renault, represent respectively 20% and 17% of the market. Renault is already operating a plant in Casablanca and the increased production of this new plant will allow the company to maintain its market share as the Moroccan automotive industry grows.” (Said El Mansour Cherkaoui)
Morocco Tourism Investment Road Show to the U.S. WHEN: January 25, 2018 – January 26, 2018 all-day – WHERE: Los Angeles, CA – USA
The Morocco Free Trade Agreement (MAFTA)
The Morocco Free Trade Agreement (MAFTA) went into effect on January 1, 2006. Under the agreement most Moroccan goods enter the United States duty free and virtually all will enter free by the time it is fully implemented on January 1, 2023. The Morocco FTA does NOT provide a merchandise processing fee (MPF) exemption.
The Morocco Free Trade Agreement (MAFTA) went into effect on January 1, 2006. Under the agreement most Moroccan goods enter the United States duty free and virtually all will enter free by the time it is fully implemented on January 1, 2023. The Morocco FTA does NOT provide a merchandise processing fee (MPF) exemption. To learn more about how to claim preference on these goods, select the following:
General note, including the General Rules of Origin, Definitions, Value (including Regional Value Content and De Minimis), Sets, Packing and Packaging Materials, Indirect Materials, Record keeping and the all-important Product Specific Rules of Origin
NOTE: On the USITC link, select the “General Notes; General rules of Interpretation; General Statistical Notes,” link, followed by “General Notes 27”.
The following Morocco FTA goods may be subject to a reduced tariff rate quota (TRQ): beef; dairy; dried onions; dried garlic; peanuts; tomato paste, puree and sauce; tobacco; cotton; fabric and apparel.
The Reconciliation Prototype is unavailable for post-importation Morocco FTA claims because they are not administered under 19 USC 1520(d) but as Post Entry Amendments (PEAs), Post Summary Corrections (PSCs) or Protests (19 USC 1514, 19 CFR 174).
Morocco is also pursuing its own opening economic strategy, developing its trade relations with regional economic communities in Africa .. More to read at this link: Integration of Africa with Morocco
Made available by the United States Trade Representative (USTR).
Last published: November 16, 2017
Additional information is available at the US Department of Commerce, International Trade Administration and the Department of Justice in Washington, DC., Marketwired (August 17, 2016) and World Bank, BEA.
Editor: Said El Mansour Cherkaoui, Ph.D.
US Aid to Morocco: Olive and Agricultural Products
In 2004, Congress created the Millennium Challenge Corp., a foreign aid agency headed by the secretary of state, to help developing countries reduce poverty. Since its inception, the agency has authorized grants totaling more than $7 billion to help 23 African and Latin American countries.
In 2007 the agency agreed to give Morocco $697.5 million over five years to improve the country’s employment rate and salaries by investing in its fruit-tree farms, small-scale fisheries and artisan crafts, according to Millennium. Nearly half of that money – $320 million – is earmarked for the Fruit Tree Productivity Project, with 80 percent of the cash going to olives and the rest to improve date, fig and almond production. Dates, figs and almonds are also key California crops.
Patrick Fine, who oversees such agreements as Millennium’s vice president of compact operations, said he does not believe that the investment in Morocco will harm California producers. … Not meeting demand “I …
Patrick Fine, who oversees such agreements as Millennium’s vice president of compact operations, said he does not believe that the investment in Morocco will harm California producers. The project, he said, is designed to help poor rural families increase their incomes and to help develop a strong ally in an important region in the world.