New markets provide enhanced opportunities for investments and growth. 2018 has been the first year that U.S beef was granted access into the streets of Morocco. The significance of this new market provides exporters, suppliers, transportation agencies and more the opportunity to grasp a foothold in the economy. Investments have already seen to be prosperous, as of November 2018, US agricultural exports to Morocco have exceeded $512 million. So the fundamental questions are: Who can benefit from this new opportunity? How can you benefit from this opportunity? And, importantly, how can you mitigate risks through this new market?
A Market of Opportunities
This new market of opportunities can deliver a prosperous 2019 for your company and yourself. Whether you’re an exporter, importer or within the food industry, this newly found access for beef could provide a strong foundation for investments. Additionally, this may be a stepping stone for a more robust relationship between Morocco and the United States, opening the countries up for further trade of even greater value. The United States is currently the world’s 3rd largest beef exporter with global sales estimating around $7.3 billion. This indicator poses great strengths for Morocco and will generate a sturdy income for the parties involved. The food industry just may be your next investment as this relationship could potentially be the start of a vigorous trade partnership between two countries with the prospective of long-term success.
The proposed estimates that this new deal may bring can potentially generate a staggering $80 million market for U.S beef. A number of this magnitude is not to be taken lightly, there are many who can benefit from this new opportunity. Whether you’re importing or exporting, it is important to have sufficient information on your suppliers or customers. Furthermore, amidst the tight controls on Know Your Customer (KYC) and Anti-Money Laundering (AML) it is pivotal that, when you conduct any type of business arrangement, you perform the right checks in order to mitigate risks of illicit business. AML non-compliance may impose major deficits on your business such as fines, reputational damage and more.
Invest Safely with Cedar Rose
A new market of opportunities can be a blessing or, if not addressed properly, a curse. KYC, know who the Ultimate Beneficiary Owner (UBO) is, check for any Politically Exposed Persons (PEPs) and don’t get caught with any surprises that may have a negative impact on your company.
Cedar Rose can be your tool to access this new market efficiently and effectively. First and foremost, our database contains coverage of over 11 million companies and over 23 million individuals. If you want all this information at your hands, all you have to do is register for one of our data subscription plans, where you have a choice of 5 different packages. Our database, also known as CRiS, can be the informative tool you need to make the right choices when doing business in countries that you may not be too familiar with.
Alternatively, you could request a list of beef importers in Morocco, as all our companies can be categorized with UKSIC codes or by activity. For a more direct approach, you can order a fresh due diligence investigation, carried out by our professional and experienced team. Cedar Rose can find out the information you need to mitigate risks, comply with KYC and AML and, henceforward, reap the rewards of accessing a new market. Investing in new opportunities always carries a degree of risk, so take the right precautions with Cedar Rose. We specialise in the Middle East and North Africa (MENA) so you don’t have to.
Stay with us here as we keep you updated on the riveting news concerning the MENA region.
Written By Jack Evangelides, Marketing Assistant
Sourced Image: Pixabay
*** The sole purpose of the article above is to generate public discussion, it has no intention to constitute legal advice. ***