مدي 1 تي في : النشرة الاقتصادية - 12/09/2024
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00:00Welcome to Economic News.
00:12The Prime Minister Aziz Akhnoush and the General Secretary of the Cooperation and Economic Development
00:16Organization Mattias Corman signed yesterday a protocol to strengthen cooperation between
00:20Morocco and the Organization on New Strategic Priorities.
00:24The protocol was signed at the end of the second Qatari program of the Cooperation
00:30and Economic Development Organization.
00:32This is a new phase of cooperation between Morocco and the Organization.
00:36It is based on the adoption of a more flexible, innovative and consistent approach with
00:40the strategic priorities of the Kingdom.
00:43As a result, cooperation between Morocco and the Organization will continue in the
00:47framework of the dynamic of innovation and reform, and with the ambition of supporting
00:51the economic and social development of the Kingdom with the strengthening of its international
00:56commitments.
00:57The Ministry of Finance and the Moroccan Ministry of Finance issued a call for positive results
01:03for the strategic partnership between Morocco and the Organization on Economic Cooperation
01:07and Development, confirming the strengthening of the Kingdom's ability to compete in the
01:12world's excellent practices, as it pointed out that Morocco is committed to continuing
01:18to strengthen international cooperation.
01:20The Ministry of Finance and the Ministry of Economic Cooperation confirmed that it has
01:25moved to a new phase with the integration of the economic dimension, especially through
01:30the establishment of a Moroccan office in the economic affairs sector of the Cooperation
01:35and Economic Development Organization, and the implementation of the first economic
01:40study of the Organization around Morocco.
01:43The report presented by the Organization under the title of the Study of the Organization
01:48of Economic Cooperation and Development of Morocco in 2024, during the High-Level
01:53Meeting in Rabat, is a celebration of the conclusion of the second phase of the cooperative
01:57program between the two parties on the reforms that Morocco is witnessing and the long-awaited
02:01challenges, as well as the significant economic recovery in the Kingdom after the COVID-19
02:06pandemic and the earthquake that hit the country, with the focus on the necessity of
02:10strengthening cooperation between economic policies and production support, and a more
02:14successful integration of women and young people in the labor market.
02:17The report indicates that Morocco has been able to return to a growth rate paid for by
02:21consumption, investment and positive results of exports, where it recorded an economic
02:26growth of 1.5% in 2022 to 3.4% in 2023, with optimistic expectations of a 4% growth in
02:362025.
03:07In a statement, the Office of the Deputy Prime Minister of China accused of unfair competition
03:11in these areas, which threaten workers and Canadian companies.
03:15Canadian public figures agree on the Chinese electric vehicles, which were announced at
03:21the end of August, with the US procedures seeking to limit the influx of Chinese cars
03:26supported by the state to North America.
03:30On the other hand, the Ministry of Commerce of China announced yesterday that it strongly
03:35opposes Canada's commitment to impose additional taxes on more of its products.
03:41A spokesman for the Ministry of Commerce of China said that it was aware of Canada's
03:45latest announcement to start negotiations for 30 days on possible additional taxes on
03:51Chinese batteries, their parts, and similar components, as well as important solar energy
03:57and metals.
03:59This was only half a month after it imposed restrictions on Chinese electric vehicles
04:04and other products.
04:06Beijing considered that this measure would have a severe impact on bilateral economic
04:11and commercial relations.
04:13It also committed to taking all necessary measures to protect the rights and interests
04:17of Chinese companies.
04:20The rate of inflation in the United States has reached 2.5% in the past month,
04:25at its lowest level in three years.
04:28This sets the stage for the Federal Reserve Board to lower the main interest rates in
04:33the next week.
04:36The data released today by the US Department of Labor indicate that consumer prices have
04:41continued to decline after reaching 2.9% in July.
04:47The Ministry of Commerce of China pointed out that the main inflation, which reduces
04:52food and energy costs, has remained stable at 3.2%.
04:56The Wall Street Journal also noted that the rise in household prices contributed to the
05:01remaining of the main prices high for millions of Americans.
05:05The newspaper added that consumer vehicles and energy have become cheaper than they
05:10were months ago.
05:13The Bank of Israel said that it is uncertain how the Israeli government will deal with
05:18the higher spending in the time of war in the next general budget.
05:22It supports massive pressure.
05:25At the end of the meeting, all members of the Monetary Committee voted in favor of
05:30lowering the rate of interest rates without a change at 4.5% in business for the fifth
05:35meeting in a row, after lowering it by 25 points in January.
05:40The Bank of Israel officials indicated that lowering interest rates until the end of
05:452024 is unrecommended.
05:47Israeli spending on the war in Gaza has reached $27 billion since October 7, 2023,
05:52which pushed the deficit in the annual balance sheet to 8.3% of the total local
05:57result.
05:58We have reached the end of the economic segment.
06:03Goodbye.
06:09Music.