“Enhancing economic cooperation between EU and Maghreb countries: Algeria, Morocco and Tunisia”, Francis Ghilès (CIDOB, Barcelona)

Offshoring, which had its heyday a decade ago, consists in moving the production of parts of the value chain to lower-cost countries. Practised on a large scale between 1990 and 2010, that policy resulted in the US and the European Union losing tens of millions of jobs – indeed whole sectors of their industry – to the likes of China and other Asian countries. However, the shortage of certain health products (from masks to pharmaceutical goods) in the early months of the pandemic resulted in much soul searching about nearshoring, which consists in a company moving all or part of its value chain from Asian countries to its near abroad – which for the EU includes the Balkans, Turkey and the Maghreb.

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