How EU-Morocco ties shift amid new trade routes and economic dependencies
Timeframe: 01/01/1912 – 01/01/2024
Key Insights
- Amidst the global power shifts and disruptions of supply chains, the European Union will need a new strategy to secure its position in the world and enhance the resilience of the domestic market. This paper explores how a new initiative of nearshoring EU’s global production lines closer to its borders can achieve such a goal. More specifically, it attempts to argue that Morocco, for its economic structure and geopolitical structure, makes for a solid partner.
Definition
Nearshoring: Nearshoring is the strategy where a company relocates its production operations closer to its home country. This approach aims to reduce production costs, improve supply chain resilience, and mitigate risks associated with traditional offshoring.
Morocco’s strategic location and competitive labor market make it an ideal nearshoring destination for the EU, promising both economic benefits and improved geopolitical ties.
Documents: 📄 Full Publication (PDF)
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