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Morocco’s OCP Group to Halt Fertilizer Sales in US if Duty Imposed

Morocco’s OCP Group to Halt Fertilizer Sales in US if Duty Imposed
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Morocco’s OCP Group to Halt Fertilizer Sales in US if Duty Imposed

Morocco’s OCP Group to Halt Fertilizer Sales in US if Duty Imposed

Morocco’s OCP group have plans to halt fertilizer sales in the US if the Commerce Department decides to impose an anti-subsidy duty on its products, two senior group officials said on Friday.

The US Commerce Department last week said it had opened an investigation into whether producers of phosphate fertilizers in Morocco and Russia are receiving unfair subsidies.

The investigation was launched after a petition filed by Mosaic Co, a US-based rival fertilizer company, Reuters reported.

According to the officials, the group will challenge the petition, adding that their fertilizers do not receive any form of subsidy from the state.

Last year, US imports of phosphate fertilizers from Morocco were about $729 million, with Russia weighing in at about $299 million, the department said.

“In the unfortunate event of the imposition of a countervailing duty, OCP would be able to redirect its exports towards other markets,” one of the OCP officials said, asking not to be named.

OCP’s fertilizer exports hit 9 million tonnes last year, but a drop in international prices resulted in a 3% decrease in annual revenue to $5.5 billion.

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IMF Team Makes First Syria Visit Since 2009

Syrians attend Eid al-Adha prayers in the courtyard of the Tomb of the Unknown Soldier in Damascus, Syria, 06 June 2025. (EPA)
Syrians attend Eid al-Adha prayers in the courtyard of the Tomb of the Unknown Soldier in Damascus, Syria, 06 June 2025. (EPA)
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IMF Team Makes First Syria Visit Since 2009

Syrians attend Eid al-Adha prayers in the courtyard of the Tomb of the Unknown Soldier in Damascus, Syria, 06 June 2025. (EPA)
Syrians attend Eid al-Adha prayers in the courtyard of the Tomb of the Unknown Soldier in Damascus, Syria, 06 June 2025. (EPA)

An IMF team visited Syria for the first time since 2009 to take part in efforts to rebuild the economy after years of civil war and the fall of Bashar al-Assad, the lender said Tuesday.

The International Monetary Fund's trip to Damascus took place from June 1 to June 5, and its team sought to discuss authorities' priorities and how to help achieve them.

Syria's economy and the country are a wreck after 14 years of war under Assad, who was ousted in December.

"Syria faces enormous challenges following years of conflict that caused immense human suffering and reduced its economy to a fraction of its former size," said Ron van Rooden, who led the visit.

Around six million people have fled the country while another seven million have been displaced internally, he noted.

"Output has plummeted, real incomes have fallen sharply, and poverty rates are high," he said, adding that state institutions have also been weakened with much infrastructure destroyed.

"There is great urgency to address these challenges and achieve a sustainable economic recovery," van Rooden said in a statement at the end of the mission.

Much of Syria's infrastructure has been destroyed by the war, which began with a bloody crackdown on peaceful anti-regime protests.

Longtime strongman Assad was ousted in a lightning offensive by opposition factions in December, and Syria's new government has sought to rebuild diplomatic ties, including with international financial institutions.

Last month, the IMF said it had held useful discussions with Syria's economic team.

The Fund's last comprehensive review of the health of the Syrian economy was done in 2009, before the outbreak of the war in 2011.

In April, Saudi Arabia and Qatar announced that they would settle Syria's debt to the World Bank totaling about $15 million.

The World Bank suspended operations in Syria when the war began. The settlement of its arrears will allow it to resume accessing the bank's financial support and technical advice.