Textile: companies flee Portugal for Morocco

Faced with the textile crisis in Portugal, many Galician (Spain) companies are rushing to Morocco, whose industry is booming.

Traditional partner of Galicia, the Portuguese textile industry is facing an unprecedented crisis. More than a thousand Portuguese clothing companies have been declared insolvent over the past year and have closed their doors, reports The voice of Galicia. Faced with this bleak situation, many Galician companies have decided to turn to Morocco, to relocate part of their activities there. Its geographical proximity, competitive labor costs and well-structured textile industry make the kingdom an attractive alternative for Galician companies.