Maroc
Morocco: Current Account (percentage of GDP at current prices) appears in African Economic Outlook 2009.
In order to join the OGP, aspiring members need to obtain 12 points of the 16 available in the OGPs Minimum Eligibility Criteria. Morocco currently has 11 points and needs 1 more to become eligible. To achieve this, Morocco has several options in the areas of: Access to Information, Disclosures Related to Elected or Senior Public Officials and Citizen Participation.
As shown in the examination of Morocco’s investment policies under in the OECD Policy Framework for Investment, the authorities have adopted a series of laws and various regulatory and institutional mechanisms needed to improve the investment climate, including in the areas of trade and competition policies and infrastructure developments. The new Moroccan Investment Development Agency will be a focal point for setting up investment promotion strategy in close association with the private sector. The government has also undertaken several initiatives to ensure responsible business conduct in line with internationally recognized principles regarding labour rights, human rights, environmental protection and combating corruption.
Morocco has achieved significant progress in liberalizing its investment regime making it more transparent and predictable. By consolidating these liberalization moves in the form of international undertakings, Morocco’s adherence to the OECD Declaration to International Investment and Multinational Enterprises represents a further stage in its reform process. Consistent with the provisions of the OECD Declaration, Morocco has notified its existing FDI restrictions under the National Treatment instrument. Morocco is also ready to fulfill the commitments resulting from the Guidelines for Multinational Enterprises, which are an integral part of the OECD Declaration, notably to establish its National Contact Point within the recentlyinstituted Investment Development Agency.
Morocco has 65 tax agreements in force, as reported in its response to the Peer Review questionnaire, including the Arab Maghreb Union Income Agreement concluded with four treaty partners (the UMA Agreement). Two of those agreements, the agreements with Japan and Benin, comply with the minimum standard.
Growth is set to recover to 3.3% in 2023 and strengthen further to 3.6% in 2024 and 3.8% in 2025. A rebound in agricultural production and the services sector, particularly in inbound tourism, will support overall economic activity. The Marrakesh–Safi earthquake had a high human cost but did not disrupt the major productive activities. Inflation should gradually decline over the next two years, benefiting from easing commodity prices and monetary policy tightening. Key risks include a prolongation of the drought, a slowdown in European demand and commodity price shocks.
Morocco can legally issue the following type of ruling within the scope of the transparency framework: cross-border unilateral APAs and any other cross-border unilateral tax rulings (such as an advance tax ruling) covering transfer pricing or the application of transfer pricing principles.
Growth will recover to 3.5% in 2023 and 3.7% in 2024 as global economic tensions ease and foreign demand for goods and services rebounds. Since rainfall during the winter season has been higher than in the previous year, agriculture can contribute more strongly to economic activity. Inflation has put pressure on the purchasing power of households and businesses, but is expected to gradually decline over the coming two years. Severe droughts would negatively affect the outlook.
Morocco has 61 tax agreements in force, as reported in its response to the Peer Review questionnaire, including the Arab Maghreb Union Income Agreement concluded with four treaty partners (the UMA Agreement). One of those agreements, the agreement with Japan, complies with the minimum standard.
Morocco can legally issue the following type of ruling within the scope of the transparency framework: cross-border unilateral APAs and any other cross-border unilateral tax rulings (such as an advance tax ruling) covering transfer pricing or the application of transfer pricing principles.