In recent years, two industrial sectors, automotive and aeronautics, are gaining momentum, benefiting from the arrival of important investments by multinational companies, such as Renault, Bombardier or Boeing.

Among the factors that limit Morocco's development potential are excessive dependence on energy and the agricultural sector, little diversification, a low competitiveness industry, a poorly developed financial sector, a high level of unemployment and a very inefficient public sector.

The Moroccan government is trying to improve the conditions of the national economy with reforms and with the boost of some manufacturing sectors, especially the automotive sector, which has become the main source of exports, even above sales of phosphates. Agricultural and food products, textiles, pharmaceuticals and aeronautics and electronics are next in importance.

Foreign trade

Because of the aforementioned high dependence on foreign energy, the main component of Morocco's imports are energy products, especially those derived from oil and other hydrocarbons.

Moroccan foreign trade has as its main partner and customer the European Union, which concentrated 54% of imports and just over 65% of exports in the period 2015-2018.

The participation of Spain in these exchanges is very evident. In fact, exports and investments between Spain and Morocco already account for more than 15% of Moroccan GDP. Our exports have increased in volume (from 4,130 million euros in 2011 to 8,025 million in 2017) and as a percentage of Spanish world exports (1.9% in 2011 and 2.9% in 2017). The volume of Spanish imports has also increased significantly (3,101 million euros in 2011 and 6,284 million in 2017).

Sectors of opportunity

In the Moroccan market there are good business opportunities for Spanish companies in sectors such as components and automotive equipment, thanks to the progress of the Renault factory in Tangier, capital goods, raw materials for industry, agricultural machinery, services transportation and logistics, engineering and consulting, commercial distribution, construction and tourism.

The Government of Morocco highlights seven major advantages to attract foreign investment: competitive costs, strong and stable economic base, access to a market of more than one billion consumers, under international trade agreements such as those signed with the EU and the United States; infrastructures of international level, qualified human capital, ambitious sectoral strategies and a favorable environment for business.

Morocco is the first destination of Spanish foreign investment in Africa. In 2016, it received 43% of the "stock" of the entire continent. This country also offers investment opportunities in renewable energies and water treatment, in which there are important projects for concessions under a public-private partnership regime.

>> Links of interest:

Morocco: country profile

Morocco: country guide

Morocco: economic and commercial report

Main sectors exported to Morocco

Main sectors imported from Morocco

Automotive in Morocco

Renewable energies in Morocco

Morocco: investor oasis

Embassy of the Kingdom of Morocco

Invest in Morocco

General Confederation of Moroccan Companies – CGEM

ICEX, Spain Export and Investment



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CEIB-CEOE and SEGIB organize on July 2 and 3 in Buenos Aires a business summit focused on Ibero-American MSMEs and young entrepreneurs, as a follow-up to the activities they carry out within the framework of the Summits of Heads of State and Government . The program includes the III Ibero-American Forum of the MIPYME, under the theme "Ibero-American Pymes facing the challenge of innovation and sustainability", and which is attended by representatives of the governments of the region, business organizations of CEIB and entrepreneurs. The Spanish delegation heads the CEOE CEO and CEPYME president, Gerardo Cuerva.

The Minister of Production of the Nation Dante Sica stands out among the participants; the Ibero-American General Secretary, Rebeca Grynspan; the Secretary of Entrepreneurs and Pymes, Mariano Meyer, the Vice Minister of Micro, Small and Medium Enterprises of Paraguay, Isaac Godoy; the deputy minister of Development of the Mipyme of Guatemala, Gloria del Carmen Zarazúa; his Dominican Republic counterpart, Ignacio Méndez; or that of Costa Rica, Sandra Pacheco, among others. The vice president of CEOE and president of CEPYME, Gerardo Cuerva, will participate in the various activities; the newly appointed president of CEIB and president of the Andorran Business Confederation (CEA), Gerard Cadena; and representatives of the business organizations of Argentina, Colombia, Brazil, Mexico, Uruguay, Central America and Venezuela, among others. Also, the CEO of International CEOE and permanent secretary of CEIB, Narciso Casado; the vice president of CEAJE, Antonio Magraner; and the president of FIJE, Juan Manuel Barrero.

Private Sector Meeting Mipymes

Tomorrow, Day 2, the Vice President of CEOE and President of CEPYME, Gerardo Cuerva and the Vice President of the Industrial Union of Argentina (UIA), Daniel Funes de Rioja, will inaugurate in the Ministry of Production of Buenos Aires the Meeting of the Private Sector Mipymes, in which will address the challenges of productive transformation and the inclusion of MSMEs in the fourth industrial revolution. They will also address the promotion of intraregional trade and the participation of SMEs in global value chains; the Ibero-American space as an open innovation platform and the promotion of alliances to compete: startups, entrepreneurs and SMEs together with the large company; the analysis of public support policies and the new normative marcso; and the economic empowerment of women and their participation in the business organization.

From the meeting, final conclusions will be reached; A commitment will be made in terms of innovation and entrepreneurship; and the next steps will be established. The final considerations will be the responsibility of the Ibero-American General Secretary, Rebeca Grynspan. All these issues will be discussed later in depth in the III Ibero-American Forum of the Mipyme, which is held on Wednesday 3 in the Argentine capital. The theme and points to debate arise from the Summit of Guatemala, held in November 2018.

After the meeting a lunch will be held, offered by the Spanish Chamber of Commerce in Argentina, in which the vice president of CEOE and president of CEPYME, Gerardo Cuerva, will intervene.

Young Entrepreneurs Forum

Tomorrow, an event organized by the Spanish Confederation of Young Entrepreneurs Associations (CEAJE) and the Ibero-American Federation of Young Entrepreneurs (FIJE), under the theme "Business in Ibero-America" ​​will also be held tomorrow in the framework of the III Forum of the Mipyme. The President of Fix, Juan Manuel Barrero, will open the day; the Ibero-American General Secretary, Rebeca Grynspan; the general secretary of the Ibero-American Youth Organization, Max Trejo; and the vice president of CEOE, Gerardo Cuerva. More than 150 young entrepreneurs from all over the Region will participate in the event.

During the ceremony, the CEOs of SMEs and startups and the presidents and vice-presidents of the Young Entrepreneurs Associations of Ibero-American countries, will talk about the innovative young entrepreneurs of Latin America and the organizations of young entrepreneurs in the Region. To address this last issue, intervene, among others, the vice president of the CEAJE, Antonio Magraner. The Forum will be closed by the CEO of International CEOE and permanent secretary of CEIB, Narciso Casado.

III Ibero-American Forum of the Mipyme

On Wednesday, March 3, the III Ibero-American Forum of the MIPYME will begin in Buenos Aires, in which representatives of the governments of the countries of the Region, CEIB's business organizations and businessmen participate. This conference, like the previous one, serves as a follow-up to the activities that take place within the framework of the Ibero-American Summits of Heads of State and Government.

The Ibero-American Forum on Micro, Small and Medium Enterprises is a space for reflection, exchange of good practices and discussion on the reality of the Ibero-American SME, its support policies, the new organizational models and the promotion of strategic alliances between countries. It is a joint initiative of the Ibero-American General Secretariat (SEGIB), the Government of Argentina and the Ibero-American Business Council (CEIB).

The third edition, which takes place in Buenos Aires, seeks to open a space for reflection on the challenges of productive transformation and the inclusion of MSMEs in the Fourth Industrial Revolution, the promotion of intraregional trade and the participation of SMEs in global value chains.

Likewise, it will be discussed around the opportunities offered by the Ibero-American space as a platform for open innovation and the promotion of partnerships to compete: startups, entrepreneurs and SMEs together with the large company, as well as an analysis of public support policies and new regulatory frameworks, paying special attention to cases of good practices. From an approach with a gender perspective, emphasis will be placed on the economic empowerment of women and their participation in the business organization.

The Minister of Production of the Nation Dante Sica will take part in the opening session; the Secretary of International Economic Relations of Argentina, Horacio Reyser; the vice president of CEOE and president of CEPYME, Gerardo Cuerva; the president of the UIA, Miguel Acevedo; and the Ibero-American General Secretary, Rebeca Grynspan. The Secretary of Entrepreneurs and Pymes, Mariano Meyer, the Vice Minister of Micro, Small and Medium Enterprises of Paraguay, Isaac Godoy, will also participate in the various panels; the deputy minister of Development of the Mipyme of Guatemala, Gloria del Carmen Zarazúa; his Dominican Republic counterpart, Ignacio Méndez; or that of Costa Rica, Sandra Pacheco, among others. The event will be closed -organized by CEIB, SEGIB, Presidency of the Nation (Argentina), Ministry of Relations and Worship, the Ministry of Production and Labor, and CEAJE- the president of the Spanish Chamber of Commerce of the Argentine Republic, Guillermo Ambrogi and the head of Economy and Companies of SEGIB in Spain, Pablo Adrían Hardy.



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About RSM Spain

RSM is one of the leading global organizations of audit, tax, legal and consulting firms, with a presence in 116 countries. It has 750 offices and more than 41,000 professionals.

About CEOE

Founded in 1977, the Spanish Confederation of Business Organizations (CEOE) integrates on a voluntary basis two million companies and freelancers from all sectors of activity, which are linked to CEOE through more than 4,500 grassroots associations.

About CEPYME

The Spanish Confederation of Small and Medium Enterprises is a professional organization of a confederative and intersectoral nature, of national scope, for the defense, representation and promotion of the interests of small and medium enterprises and self-employed entrepreneurs. CEPYME is recognized as the most representative business organization in the state.

For more information contact:

Karina Doval, Communications Manager

Tel. 91 457 02 39 | 628 11 45 50. E. kdoval@rsm.es

Visit our websites: www.rsm.es | www.rsm.global



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His Majesty the King attended the ceremony of the Enterprise Night of the Confederation of Employers of the province of Cádiz, CEC, which was held at the Rota Naval Base. The event has brought together a thousand attendees around the recognition of the importance that companies have for the improvement of society, the generation of employment, wealth and value, as well as the institutions that contribute to economic development.

The Night of the Company has recognized the trajectories of the Hervaz Business Group, the Port Authority of the Bay of Algeciras and, on an equal footing, to the five wine companies of the province of Cádiz that maintain, after more than six generations, their management and guardianship in the hands of the same families: Barbadillo, Caballero, Delgado Zuleta, González Byass and Osborne.

Business Group Hervaz. The CEC recognizes the trajectory of this company, founded in 1950 by Manuel Vázquez Fernández, dedicated to agricultural and livestock activities. In 1966, the company acquired the Dehesa de las Yeguas, in the Alcornocales Natural Park, an emblematic operation of the family group. From there, it begins its diversification in different sectors: energy, real estate, industrial (first ice producer in Europe), innovation applied to the agri-food sector, engineering, consulting, medicine, etc. The recognition of the CEC wants to make visible the impetus, effort and generation of wealth by this family business. He picked up the distinction, Manuel Vázquez Gavira.

Port Authority of the Bay of Algeciras. The recognition of entrepreneurs in the province of Cádiz stresses the importance and economic traction of the first port of Spain, that of Algeciras. This infrastructure generates, according to various studies, More than 28,000 jobs -Direct, indirect and induced- and 2,010 million euros of Gross Value Added to the Andalusian economy. The CEC extends its recognition to the value chain of this important economic generator and its incalculable strategic value as a point of access to Europe from the South. Gerardo Landaluce Calleja, President, picked up the award.

Lastly, the CEC recognizes, on an equal footing, the five wine companies in the province of Cádiz that have maintained their management in the hands of the same families since its inception: Barbadillo, Caballero, Delgado Zuleta, González Byass and Osborne. These companies are managed by sixths, sevenths, octaves and, in some cases by the ninth generation of families, which symbolizes and represents the province's business tradition, the effort to maintain and continue emblematic activities through its brands and products, icons recognized worldwide. They picked up the distinctions:

  • Bodegas Barbadillo, Manuel Barbadillo Eyzaguirre
  • Bodegas Caballero, Luis Caballero González-Gordon
  • Bodegas Delgado Zuleta, José María Bustillo Aguirre
  • Bodegas González Byass, Pick up the distinction, Mauricio González Gordon
  • Bodegas Osborne, Collect the distinction, Fernando Terry Osborne

In the same way, the CEC has carried out a Special recognition to the Spanish Navy, to celebrate this business party in the hangars of the Fleet of Aircraft of the Naval Base of Rota. The Admiral of the Fleet, ALFLOT, Manuel Garat Caramé, received a Spanish flag, a replica of the combat flag of the flagship of the Navy, King Juan Carlos I, in recognition of the thousands of men and women who make up the contingent of our Marina in the province of Cádiz.

The following authorities and institutional and business representatives attended in response to the call of the CEC, which is chaired by Javier Sánchez Rojas: Juan Manuel Moreno Bonilla, president of the Junta de Andalucía; María Reyes Maroto Illera, Minister of Industry, Commerce and Tourism; Lucrecio Fernández, Government delegate in Andalusia; Juan Marín, vice president of the Junta de Andalucía; Antonio Garamendi Lecanda, president of CEOE; Javier González de Lara, president of the CEA; José Javier Ruíz Arana, mayor of Rota; Irene García, president of the Provincial Council; the general secretary of the CEC, Carmen Romero; Gerardo Cuerva, president of Cepyme; and Lorenzo Amor, president of ATA.

The Night of the Company has the support of an important list of companies and institutions.

  • Sponsors: Cepsa, Caja Rural del Sur Foundation, Nunadrola, of the Carrod Group, and La Caixa.
  • Companies and collaborating institutions: Transfrutalla, Consortium of the Free Zone of Cádiz, Airtificial, Tincasur and American Supplies.
  • Media-partners: Diario de Cádiz, Diario de Jerez, Southern Europe, Radio Cádiz-Cadena SER, and the stations of Cádiz and Jerez of the COPE network.
  • Finally, two Cadiz companies as partners: Tickentradas and Sound 5.



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The president of the CEOE, Antonio Garamendi, has urged the Spanish companies to mark the X for social purposes in the Corporation Tax He has also encouraged them to be proactive with sustainable development and "with everything that affects people".

This has been assured in the act 'Solidarity company, eXtraordinary company', organized by the Third Sector Platform (PTS) and the Platform of Social Action NGOs (POAS) within the framework of the campaign that is being carried out so that companies know the new X for social purposes that they will be able to mark on July 1 in their Corporation Tax, totally voluntary way and without any cost.

Garamendi is committed to the Third Sector to move the CEOE companies their commitment and will do so, as he said, at the General Assembly to be held next Thursday, July 4.

The president of the Platform of the Third Sector, Luciano Poyato, recalled that the initiative, which is one year since it was approved, was promoted by the Platform of the Third Sector at a time of general economic difficulty and in particular for state organizations of the Third Sector of Social Action.

Poyato has insisted that the new X of the Corporate Tax puts the Third Sector directly into the business sector and serves to "Strengthen the alliances between both sectors in matters that, being of shared interest, suppose a benefit for the general interest of the society ".

For his part, the undersecretary of the Ministry of Health, Consumption and Social Welfare, Carlos Hernández Claverie, has assured that the new X for social purposes is a "huge development" for the Third Sector and, ultimately, so that society can move forward.

In this regard, he said that the role of companies is "essential" to achieve this and has applauded that companies leave behind their mere role as providers to become aware that they must participate and contribute to the Third Sector is developed and can execute social programs.

Royal Decree

In relation to this, Hernández Claverie has advanced some of the lines of work to which the first grants will be allocated achieved through this measure as is sustainability, internationalization, research or innovation and improvement of the Third Sector. In addition, he has assured that, precisely, in it they are working from his Ministry to address the regulation that is necessary to be able to translate these purposes into a Royal Decree, which are expected to be ready by the end of the year, so the first grants will take place in the spring of 2020.

The president of the Platform of Social Action NGOs (POAS), Asunción Montero, has been commissioned to present the campaign 'Solidarity company, eXtraordinary company' and has released the materials that have been worked for the same and the promotional video . In his speech, Montero has encouraged the attending companies to become "extraordinary". These include Cepyme, Feacem, CE Consulting Empresarial Carrefour, Nestlé, Santander Bank, Eulen, Cofares, Forética, Ilunion and Fundación PwC, among others.

Business Alliance and Third Sector

During the event, the importance of Corporate Social Responsibility (CSR) and the commitment, both business and organized civil society, to the Sustainable Development Goals (SDG) and the 2030 Agenda.

In this sense, the director of the Carrefour Solidarity Foundation, María Cid, said that Carrefour has been the first Spanish company to join the campaign to mark the X in its Corporate Tax for social purposes. "Without doubt this measure will improve the Welfare State, of which we are all part," he said.

During the round of interventions, the general director of Forética, Germain Granda, has called for "more and more companies and organizations to join this powerful initiative of collaboration with civil society" and has highlighted the important role and responsibility key that they have at the time of generating a positive social impact in their environment with their actions.

In addition, the general director of the PwC Foundation, Marta Colomina, stressed that The Third Sector, with more than 30,000 active entities and two million people working, is "essential" for the sustainable development of Spain, and within its activities, research "is key" to invest in the future of future generations.

Finally, the director of CSR, Communication and Institutional Relations of Ilunion, Fernando Riaño, has stated that "as a sector we must insist on perseverance to make X Solidarity known" and has shown the support of Ilunion to the extent, within its master plan that is based on an inclusive economy and responsible taxation.

The campaign 'solidarity companies, eXtraordinary companies', aimed at informing and sensitizing companies to mark the box "solidarity company" dedicated to social purposes when taxed by the Corporation Tax, is coordinated by the Social Action NGO Platform together to the Platform of the Third Sector, and has the support of the Platform of Volunteering of Spain, the Network to Combat Poverty and Social Exclusion in the Spanish State (EAPN-ES), the Spanish Committee of Representatives of People with Disabilities (CERMI), the Children's Platform and the NGO Coordinator for Development-Spain.



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On June 20, the General Assembly of associates of the ASPA Federation elected Miguel Santos Romón Mena as president for the next three years.

Romón Mena joined the Association of External Prevention Services in 2003, being vice president of the ASPA Federation in the previous term. He has been co-founder and president of the Castellano-Leonesa Association of External Prevention Services, ASPACYL, from 2006 until June 18.

He is the general director and founding partner of the Prevention Service of Others Prevenges Consultores, with headquarters in Valladolid for 18 years.

Together with him, the vice-president, David Muñoz Espejo; the secretary, José Ruíz de la Sierra; the treasurer, Luis García Morales and the members Sonia Pérez Rubinos and Naroa Sagarna Sagarna.

The president has stated his commitment to work for a federation for all, with honesty and transparency, along with the rest of the members of the Board of Directors, based on the following lines of action: give relevance to the social value indispensable to the activity of Prevention Services, promoting and defending the image and interests of the sector; promote a legislative framework with the necessary legal security and business freedom, with special attention to the scarcity of health resources; procure a adequate framework of labor relations reflected in collective bargaining and search for sectoral unit with the rest of associations, based on the structural strength of the current Federation.



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At the appointment, lThe business representatives showed their confidence that this new period that now opens up in the Extremaduran government supposes strengthening and deepening the collaboration of CEOE and CREEX with the Executive chaired by Fernández Vara, to face together the challenges facing Extremadura with the aim of equaling their levels of development, employment and welfare to the rest of the territories of Spain.

This spirit of collaboration was already transferred to the president of Extremadura by the heads of CREEX and Antonio Garamendi during the meeting held last March and where different issues aimed at promoting the socio-economic development of Extremadura were addressed. Among them, the improvement of infrastructures and communications, the administrative agility to attract investments, the fiscal pressure borne by citizens and businesses and the need to continue betting on the Social Dialogue were discussed.

From the CREEX, is confident that all these issues continue to be priority issues on the agenda of the new regional government, whose holders, in regard to the various ministries, will be known, predictably, next week.

The inauguration was held in the Plaza de los Naranjos of the Assembly of Extremadura, where Vara addressed the government of the nation to say that "Spain is in debt to Extremadura." He recalled the "enormous confidence" that Extremadura has given him in the past regional elections, "not only for the result, but for the participation, which makes us stronger when it comes to being more demanding".

He alluded to the train, "an element that, as you well know, has only begun to be resolved when public resources have been compromised so that it can be a reality." For the president of the Board, in this moment of "so much complexity" "accurate diagnoses" and also "treatments" are needed, and the answers "can be simple, but not simple", he affirmed.

In his opinion, in this scenario, effort, work and recovering lost consensus are required. Thus, he said not to understand that there are no points of agreement in Spain because "it is what the country needs" right now, "sit down to agree on those things that are essential". Spanish politicians "we owe this country" to find meeting points and agreements, and respond to issues that have to do with global challenges, more than any other consideration, he said.

Fernández Vara indicated that he contributes what he has, his experience, knowledge, years or ability to work, but above all "a vision of the country". He stressed that Spain is much more than the sum of 17 pieces, it is a country that must be understood as a society in which "everyone contributes what he has, so that each one can receive what he needs; that is the Spain in which I believe ".

Finally, he expressed the importance of flags and symbols, but "there are no flags or symbols more beautiful than equal opportunities, than the National Health System, the pension system, the Law of Dependency or anything that allows us to aspire to live in a better and fairer world, "he concluded.

The vice president of the Government of Spain, Carmen Calvo, also participated in the event; the president of the Congress of Deputies, Meritxell Batet; the president of the Senate, Manuel Cruz; the Minister of Public Works, José Luis Ábalos; and the president of the Council of State, Mª Teresa Fernández de la Vega, among other authorities.

After the ceremony, the president of CEOE was at the Teatro de Mérida to mark the beginning of the 65th edition of the Mérida Festival. An opportunity to highlight the value of inland tourism in Spain.



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About RSM Spain

RSM is one of the leading global organizations of audit, tax, legal and consulting firms, with a presence in 116 countries. It has 750 offices and more than 41,000 professionals.

About CEOE

Founded in 1977, the Spanish Confederation of Business Organizations (CEOE) integrates on a voluntary basis two million companies and freelancers from all sectors of activity, which are linked to CEOE through more than 4,500 grassroots associations.

About CEPYME

The Spanish Confederation of Small and Medium Enterprises is a professional organization of a confederative and intersectoral nature, of national scope, for the defense, representation and promotion of the interests of small and medium enterprises and self-employed entrepreneurs. CEPYME is recognized as the most representative business organization in the state.

For more information contact:

Karina Doval, Communications Manager

Tel. 91 457 02 39 | 628 11 45 50. E. kdoval@rsm.es

Visit our websites: www.rsm.es | www.rsm.global



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The president of CEOE, Antonio Garamendi, participated yesterday in the Breakfast for Talent on ideas for labor inclusion from companies and entrepreneurship, organized by Inserta Empleo, the ONCE Foundation entity for the labor inclusion of people with disabilities. The event was also attended by representatives of large socially responsible companies, such as Vodafone, Endesa Foundation, Orange and Carrefour.

Antonio Garamendi stressed that Equality in the labor integration of people with disabilities has not yet been achieved and advocated that progress be made as far as gender equality is pursued. The president of CEOE, who shared a round table with the general director of Fundación ONCE, José Luis Martínez Donoso, said that Gender equality is being achieved in companies and that this impulse continues so that it also reaches talent. "That talent, when it is mixed, is much more powerful," he stressed, adding that in diversity one should walk in the same direction.

In the act, Antonio Garamendi recalled his bet when he became president of CEOE to incorporate more women to the governing bodies of the organization, and reiterated that the Confederation will be "proactive" also in the field of social inclusion. He also stated that Technology is a "great opportunity" and, with it, the disability "is going to have a moment where the light will shine because there are really going to be opportunities that have not been there".

On the Agenda 2030 of the United Nations, Antonio Garamendi said that "we have gone from the Social Responsibility of companies, CSR, to another dimension at this time very important" due to the effect of globalization, putting in value that the objective is "Put the person in the center", At the same time he added that if companies are not economically sustainable, "they will hardly be able to act in this way".

At this point, the president of CEOE put the accent on "the management of the State" and the taxes paid by companies. "Even more effort is required and there is very little control over the efficiency of the State," he said, to lament "the amount of resources that could be applied to social issues that are currently being applied to other criteria."

In this sense, Garamendi urged Spanish companies to indicate the 'X Solidaria' in the Corporation Tax, as a "fundamental" step to advance in the integration of diversity. "We deeply believe in that model change, in the Sustainable Development Goals, ODS, and in those values ​​towards people," he remarked, adding: "CEOE is going to be on this path, and for that reason, we also have to defend that These companies are competitive, profitable, give dividends to their shareholders and can pay their workers well. "



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