Brexit and the new investment charter in Morocco: what opportunities for attracting British FDI?

Abstract

Since 2019, Morocco and the United Kingdom have launched a series of economic partnerships that have led to the emergence of a new vision focused on new customers for both countries. Morocco plays a gateway to the African market, and a gateway to Europe, and the United Kingdom, with its Brexit, seeks to create new business alliances in substitution of its historical partners within the European Union. The United Kingdom is now trying to protect itself from the negative scenarios of its exit from the European Union by relying on developing countries. Such a trend has been explored by the Moroccan Government, which is now more able to attract British FDI through its sectoral structural reforms and its new development model. This has given rise to a new investment scheme which is the investment charter that came into force in 2022. This then leads us to explore the possibilities of creating an approach combining both the mechanisms of Brexit towards Morocco and the mechanisms of the investment charter towards FDI. To this end, our research paper attempts to support an optimistic scenario in which economic collaboration between the two countries is based on an arsenal of next-generation incentives and interest from British investors Brexit by sharing the potential of each of the economies of these two countries.

Keywords: Brexit, Investment charter in Morocco, Foreign Direct investment (FDI)

JEL Classification:  P11

Paper type: Theoretical research