| Industry | International trade |
|---|---|
| Founded | 1585 |
| Founder | Robert Dudley Ambrose Dudley |
| Headquarters | London,England |
Area served | Mediterranean Sea Atlantic Ocean |
| Products | Cloth and sugar |
| Services | Trade and commerce |
TheMarocco Company orBarbary Company was a trading company established by the Sultan of Morocco and QueenElizabeth I of England in 1585 through a patent granted to the Earls of Warwick and Leicester, as well as forty others.[1] When she wrote the patents, Elizabeth emphasized the value of the region's"divers Marchandize... for the use and defence" ofEngland.[2]
The privilege of the company was to benefit from exclusive trade forMorocco for a period of 12 years, until its charter expired in 1597. Queen Elizabeth sent her Minister Roberts to the Moroccan sultanAhmad al-Mansur to reside in Morocco and obtain advantages for English traders. A treaty signed in 1728 extended these privileges, especially those pertaining to the safe-conduct of English nationals.[3]
The formal beginning of Anglo-Ottoman relations dates back to correspondence betweenElizabeth I and theOttoman SultanMurad III which led in May 1580 to anagreement between the two rulers thatEnglish merchants could pass safely through Ottoman-controlled seas and port in the easternMediterranean and theBarbary Coast ofNorth Africa. This essentially granted trading privileges to the English, who for various reasons, mainlypiracy, had been unable to trade efficiently in the Mediterranean since the 1550s, and in September 1581, theTurkey Company was established as a joint-stock venture to take advantage of this new monopoly on regional trade.[4]
In 1585, the Barbary Company, separate from theTurkey Company and theVenice Company (1583), who also operated in the Mediterranean and later merged into theLevant Company in 1592, was established with many of the same merchant investors, with a focus on trade along theAtlantic coast ofMorocco. Morocco was at that point the main source ofsugar for the English market, prior of course to the development of theWest Indies plantations in the 1600s.[5]
Headed byRobert Dudley, 1st Earl of Leicester andAmbrose Dudley, 3rd Earl of Warwick, the Barbary Company achieved little regulation of affairs and was never incorporated, with its first charter expiring in 1597.[6] It was not even formally named as the Barbary Company, a conventional title. Nor was there a provision of a governor or a court of assistants like with most companies at the time. The charter itself was merely a collective licence to two noblemen and around 40 London merchants for exclusive trade with Morocco for 12 years.[7]
The main act of trade the company engaged in was the trade of English cloth for Moroccan sugar, though at its inception, there were complaints from merchants inLondon that the cloth was being sold excessively cheaply while the sugar was being acquired at expensive rates.[8]
Many of the company's members also ended up trading for the Levant Company due to the close geography and intertwining of interests, the success of the latter probably contributing towards the commercial defeat of the Barbary Company.[9]
