Why did Morocco impose restrictions on the export of argan oil?

Argan oil manufacturers in Morocco are facing a great challenge surrounding the export opportunities of “liquid gold”, which is one of the natural wealth that the country abounds with and is unique to a few countries in exporting it to the world. The Ministry of Industry and Trade took the decision to subject the sale of argan oil to the export licensing system, with the aim of valuing it to create a better added value. In a decision addressed to “liquid gold” exporters, the ministry indicated that roasted and unroasted argan oil provided in bottles larger than 5 liters will be subject, as of July 1, 2022, to the export licensing system. From this date, exporters wishing to benefit from the above export licenses must submit their applications to the authorities, accompanied by a copy of the provisional invoice. Reasons for the decision In response to a question about the reasons for making this decision, government spokesman Mustafa Baytas explained, on Thursday, April 7, that the ...