HomeNewsMoroccan companies say it will be "very difficult" to recover tourism

Moroccan companies say it will be “very difficult” to recover tourism

The General Confederation of Moroccan Enterprises (CGEM) said that “there is a lot of uncertainty” in tourism and considers that recovery from the coronavirus health crisis will be “very difficult”. Chakib Alj, president of the employers’ association, recalled that they have presented a plan of 508 measures to save the sector.

“The ecosystem of the tourism sector needs specific measures and particular attention”, said the president of the Moroccan employers’ association, who recalled that the sector brings to the country foreign exchange worth 80 billion dirhams (about 7.3 billion euros).

Alj stressed that the employers have prepared measures to save this sector, both in terms of wages and taxes, to relieve companies operating directly or indirectly in the sector. These proposals are part of a battery of 508 measures that the Employers have submitted to the Government to save the economy in the post-health crisis phase.

See also  Spain with no plans for Operation Crossing the Straits COVID-19: Everything depends on when Morocco opens its borders
See also  Covid-19 Morocco: Ministry of Health takes new measures to deal with the registration of epidemic outbreaks

The main measures of this package propose to strengthen demand and stimulate public investment, relaunch supply, reduce taxes and demand long-term loans that are pending the response of the Moroccan Government.

In addition, the CGEM suggests introducing a kind of “partial unemployment” to protect the wage bill of companies heavily impacted by the coronavirus health crisis. This measure consists of the state and the employer paying “ex aequo” a monthly allowance of up to 3,000 dirhams (about 270 euros) for a year from July to guarantee jobs of a few hours in the country’s companies in greatest difficulty, a measure which could be applied to 500,000 people.

See also  Morocco, among the pioneers in the world in COVID-19 vaccination
See also  Covid-19: Why did Morocco choose Sinopharm's vaccine?

Although the president of the CGEM defended the goal of saving 80% of the jobs and maintaining social security contributions, the proposal has already met with the reticence of the country’s unions.

Following the establishment of compulsory health confinement in Morocco, the government decreed a series of emergency economic measures such as direct monetary aid to more than 5 million households, most of them in the informal sector, and state-subsidised loans for companies in difficulty.

Last year Morocco received 13 million tourists, contributes 7% to the national GDP, and is one of the main sources of foreign exchange in the country, but the situation has meant that only in March, when the borders were closed and a state of emergency declared, tourist arrivals fell by 70%.