Morocco Imports "Valuable Waste" from Europe to Turn It into Wealth
Rabat - (Saba):
The Kingdom of Morocco relies on importing recyclable materials, including waste, scrap, and secondary raw materials, from Europe to turn them into wealth.
According to the latest figures released by the European Statistical Office, "Morocco imported 821,500 tons of recyclable raw materials in 2024, including waste, scrap, and secondary raw materials."
According to the Moroccan newspaper "Hespress," the European Statistical Office indicated that the French market for recyclable raw materials and waste is Morocco's most preferred European destination, with imports exceeding 164,000 tons, followed by the Polish market with more than 163,000 tons, and then the Spanish market with 125,500 tons.
The European Statistical Office indicated, according to the newspaper, that "EU countries' exports of organic materials, which the office defines as waste and food waste, to Morocco amounted to 200,600 tons in 2024."
In contrast, according to the newspaper, "Morocco exported no more than 160,000 tons of these materials to European Union countries in the same year. Overall, European exports of recyclable raw materials to Morocco declined in 2024, compared to 2023, when they reached approximately 890,000 tons. Waste exports also declined slightly, exceeding 240,000 tons in 2023."
The newspaper added, "However, the same data revealed that European exports of these materials to Morocco increased from 300,000 tons in 2020 to 821,500 tons in 2024, while exports of European recyclable metals accounted for the lion's share, with Morocco importing 517,000 tons of them in 2024."
The newspaper indicated that "despite the decline in exports in 2024, the quantity remained 58.5 percent higher than in 2004 (an increase of 13.2 million tons)," noting that "EU exports of metals amounted to 19.0 million tons, representing more than half of the total exports of recyclable raw materials."
The list of recyclable materials exported by the EU to Morocco includes modest quantities of no more than 20,000 tons of plastic, cardboard and paper, wood, textiles, glass, and other unknown materials.
Whatsapp Telegram Email Print
more of (International)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yemen Online
5 hours ago
- Yemen Online
EU to remove UAE from AML/CFT ‘high-risk' list
The UAE will be delisted alongside Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda. The European Commission has proposed removing the UAE from its list of high-risk countries for money laundering and terrorist financing, while adding Algeria and Lebanon along with eight other jurisdictions, according to a statement published by the commission. Under the delegated regulation update, which may take effect within a month unless blocked by EU member states or the European Parliament, the UAE will be delisted alongside Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda. In contrast, Algeria, Angola, Côte d'Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela will be classified as high-risk jurisdictions subject to enhanced monitoring. The EU's high-risk list, established under the Fourth Anti-Money Laundering Directive, identifies third-country jurisdictions with strategic deficiencies in AML/CFT regimes. Inclusion prompts greater scrutiny from EU financial institutions and complicates access to funding. Significant implications for the UAE and other countries UAE: Having been added to the EU's list in March 2023, the UAE has undergone extensive reforms, including a national anti-money laundering strategy. Its removal follows its February 2024 exit from the FATF's 'grey list' and is grounded in improvements in legislative oversight, regulatory systems, and enforcement action. Algeria: Persistent concerns about corruption and financial misconduct, highlighted by a 2024 Transparency International ranking of 107th globally and high-profile prosecutions — including a five-year jail term in April for a former presidential aide — have underpinned its inclusion. Lebanon: Added amid its prolonged economic and political turmoil, Lebanon's vulnerabilities include its connection to non-state armed groups. The commission based its update on FATF's grey list, bilateral dialogues, on-site reviews, and a thorough technical assessment. It reaffirmed alignment with FATF standards and reiterated the EU's resolve to protect its internal financial system through global AML/CFT cooperation. For the changes to become effective, they must undergo a one-month scrutiny period during which the European Parliament or Council can raise objections.
Saba Yemen
a day ago
- Saba Yemen
European stocks close stable
Brussels - Saba: European stock indices closed Tuesday on a flat note, as investors awaited the results of the second day of US-China trade talks in London. The Stoxx Europe 600 index closed flat for the second consecutive day at 553.12 points. The financial sector index fell 1.4 percent, driven by a nearly 5 percent drop in UBS shares. The defense sector also fell to its lowest level in more than a week. Conversely, the energy sector performed best, supported by higher oil prices. The healthcare sector also rose 1.2 percent, led by Novo Nordisk, which rose nearly 6 percent. Whatsapp Telegram Email Print
Saba Yemen
6 days ago
- Saba Yemen
EU ends trade preferences for Ukraine
Brussels-Saba: The European Union has revoked trade privileges for Ukraine, ending the tariff-free regime granted to the country since 2022. According to the European Commission, the transitional arrangements entered into force at midnight Thursday and will remain in place until a new trade agreement is negotiated. This change means that from this time, Ukrainian goods will again be subject to tariff quotas under a previous agreement dating back to 2016. The European Union removed tariffs on Ukrainian imports in June 2022 in an effort to support the country's economy. The measures were extended last year, but included stricter restrictions on some agricultural imports such as grain, corn, eggs, and poultry. The exemptions sparked protests from farmers in several EU member states, particularly in Eastern Europe, who argued that cheap Ukrainian imports were undermining local markets. There were also calls in France for stricter customs rules. Whatsapp Telegram Email Print
