Taxing times: How inflation and heavy taxation are squeezing Morocco
Morocco’s economic strategy has long been admired as a model for North Africa, with the kingdom positioning itself as
Egyptian exports to the United States grew by 34.5 percent in the first quarter of 2024, recording $585.8 million, compared to the same period last year. Garments topped the list with $168.9 million achieving a 9.2-percent growth. Yet, the growth occurred the most in the exports of fruits and vegetables hitting $23.4 million with a 26.1-percent growth. Further, exports of each of steel and iron, and carpets increased by 18.4 percent to record $59.6 million and $29.7 million, respectively.
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