Morocco: Section 1 - Data

摘要

1. Moroccan political environment remains stable under King Mohammed VI' s rule and pro-monarch majority in Parliamentrn2. Moroccan 2008 GDP surged to nearly 7 percent due to increasing FDI, value of remittances; government actively courting foreign corporations, investment with tax incentives, low-labor cost, low capital costrn3. Defense budget continues annual growth of 4.5-5 percent; long-term outlays expected to continue funding major acquisition programsrn4. Major acquisition trend of 2007 continued in 2008, with purchase of three Sigma class corvettes, C-27J transports, and missile and component systems for F-16C/D purchase; remains largest market for U.S. FMS in Africa.