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Morocco Is ĎLow Riskí Country for Free Trade and Business: StudyWednesday, April 12, 2017 > 10:36:33
Morocco is among the countries with “low risk” security and politics for free trade and business, according to a new study conducted by Control Risks, a London-based strategic consulting firm specializing in political, security and integrity risk.
The firm published on Monday its RiskMap 2017, displaying Morocco is the safest country in terms of political and security free trade in the Middle East and North Africa (MENA) region.
The map also shows that Morocco is associated with the same level of risk as some European countries, the United States and Canada.
The map shows Morocco along with Senegal, Botswana and Namibia, leading the political and security status spheres in the Africa.
Morocco’s neighboring countries, including Algeria appear as “high risk” country in terms of politics and security.
Compared to the European and American continents, most African and Asian countries ranked as “high risk” countries in the world.
With regard to theme of the annual study, Control Risks said that 2017’s theme is related to globalization, free trade and how business can adapt and thrive in these changing times.
The firm said that its security risk rating evaluates the likelihood of state or non-state actors engaging in actions that harm the financial, physical and human assets of a company, adding that the impact of security risk on companies can include theft, injury, kidnap, damage to installations, information theft, extortion, fraud, expropriation and loss of control over business.
While, in terms of political risk rating, Control Risks said that the political risks said that it also evaluates evaluates the likelihood of state or non-state political actors negatively affecting business operations in a country, noting that the impact of political risk on companies can include negative government policy, judicial insecurity, exposure to corruption, reputational damage, expropriation and nationalization, and international sanctions.