LYCOS RETRIEVER 
Morocco: Western Europe
built 500 days ago
Morocco remains an attractive market for International Paper and the company intends to continue investing in its packaging business there. "CMCP is a strong business with good prospects for the future in both industrial and fruit and vegetable segments," said Paul Brown, vice president of International Paper's European corrugated container business. "Morocco has a fast-growing economy with a rapidly developing consumer base that is expected to drive box demand growth. In addition, Morocco is a leading exporter of fresh fruit and vegetable products to European markets, and I am pleased to say that a large portion of the fruits and vegetables exported from Morocco to Europe are packaged in International Paper corrugated containers."
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Traffic accidents are a significant hazard in Morocco. Driving practices are very poor, and have resulted in serious injuries to and fatalities of U.S. citizens. This is particularly true at dusk during the Islamic holy month of Ramadan, when adherence to traffic regulations is lax, and from July to September when Moroccans resident abroad return from Europe by car in large numbers. Congested streets are characteristic of urban driving. Drivers should ... exercise extreme caution when driving at night due to poor lighting systems along roads. Traffic signals do not always function, and are sometimes difficult to see.
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Can you open a bank account in Morocco? If so, how easy is it? And what are the requirements? Is it easy to arrange finance in Morocco? Can you get a decision in principal? The banking and finance sector of Morocco are different to that of most other European countries.
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Other destinations showing strong growth in 2007 included Venezuela (#13), Jordan (#16), Nepal (#17) and Morocco (#18). Bumped from last year's top ten were Italy (#26) and Argentina (#21). These movements largely reflect emerging destinations like Venezuela, stabilizing political situations like Nepal and the devaluation of the U.S. dollar, impacting demand to Italy and the rest of Europe.
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