This page gathers key information on Morocco's participation in the WTO. Despite strong economic and trade relations between the United States and Morocco, U.S. businesses seeking to expand into the Moroccan market should consider certain market challenges and compliance concerns prior to entering into any agreements with new trade partners. Morocco’s major exports to India are rock phosphates and phosphoric acid. EU trade policy-making About sustainable development in the EU's trade agreements, transparancy in EU's trade negotiations, related documents. October 13, 2020. Making a Claim for Preferential Tariff Treatment The US-Morocco Free Trade Agreement (or Morocco FTA) is a bilateral trade agreement between the United States and Morocco.The agreement was signed on June 15, 2004, followed by U.S. President George W. Bush's signing of the USMFTA Implementation Act on August 17, 2004. Under the agreement most Moroccan goods enter the United States duty free and virtually all will enter free by the time it is fully implemented on January 1, 2023. Morocco has been a WTO member since 1 January 1995 and a member of GATT since 17 June 1987. UNITED STATES – MOROCCO FREE TRADE AGREEMENT The Government of the United States of America and the Government of the Kingdom of Morocco (the “Parties”): ... agreements to which the Parties are party, including the WTO Agreement. Since the agreement entered into force on January 1, 2006, the value of U.S. exports have risen from $481 million in 2005 to $1.95 billion in 2010. Morocco mainly trades with those African countries that are members of AGADIR and PAFTA or the countries with which FTAs are in place. Duty Free Access to One Billion Consumers . Morocco signed 17 investment agreements worth $93.6 million recently to boost the industrial sector, hit by the pandemic. 2. 1. Euro-Mediterranean Trade and Agreements Moroccan trade is still dominated by its main import and export partner France, although France's share in Moroccan trade is declining, in favour of the US, the Persian Gulf region and China. 4. Based on trade indicators data, EI and especially FTAs have mostly a negative impact on Morocco's trade balance, whereas the majority of the agreements have benefited more other signatory countries. Market Challenges and Trade Compliance Considerations. In November, Morocco announced a free trade agreement with Russia. In October, Morocco and India signed agreements designed to encourage more trade between the two nations. Side Letter on Parafiscal Tax; Tariff Schedules - see Annex IV below ; 3. DISCLAIMER: The following documents are provided as a convenience to users of the Internet. One of the main commercial agreements, made in 1976 and brought in force in 1978, includes economic and financial aid in addition to commerce. Within the framework of its global openness and liberalization strategy, Morocco has set up during the last decade a legal framework conducive to developing its commercial relations with some of its potential partners, through the conclusion of free trade agreements either bilaterally or regionally. With Turkey-Morocco FTA, tariffs and non-tariff barriers were eliminated in trade between the Parties. They are designed to create better trading opportunities and overcome related barriers. Morocco has also concluded FTAs with Tunisia, Egypt, Jordan (these four countries are signatories to the Agadir Declaration), EFTA and Turkey. House Report 108-627, United States-Morocco Free Trade Agreement Implementation Act, 108th Congress, 2nd Session; Presidential Proclamation 7971; Question #3: Where can I find information on exporting to Morocco? In March 2004, Morocco signed an FTA with the United States that came into effect on January 1, 2006. Morocco and the WTO. FREE TRADE AGREEMENTS Morocco Commercial Availability For additional information, please contact the Office of Textiles and Apparel, U.S. Department of Commerce. The United States House of Representatives ratified the pact on July 22, 2004 by a 323–99 vote. The EU-Morocco Association Agreement, which covers industrial goods, entered into force on March 1, 2000, and applies to U.S. companies located in Morocco. On November 28th, Morocco and China signed over 30 cooperation agreements and memorandums of understanding to boost bilateral trade and cooperation. Answer #3: Answers to questions on exporting to Morocco can be found on www.export.gov. Morocco also has FTAs with Egypt, Jordan, Tunisia, Turkey, and the United Arab Emirates (UAE) and has advanced trade status with the European Union. Agriculture This translated into a trade surplus with Morocco of $1.26 billion in 2010, a 3,505% increase over the $35 million trade surplus of 2005. This Agreement shall not be construed to derogate from any legal obligation The EU manages trade relations with third countries in the form of trade agreements. By Sector “Morocco’s exports to Liberia amounted to US$3.38 million (approximately MAD 32 million) in 2019,” says Trading Economics, quoting the United Nations COMTRADE database on international trade. He added, “Morocco has free trade agreements with the EU, the US, Turkey, and several Arab and African nations. UNITED STATES – MOROCCO FREE TRADE AGREEMENT The Government of the United States of America and the Government of the Kingdom of ... agreements to which the Parties are party, including the WTO Agreement. EU's trade policy is also used as a vehicle for the promotion of European principles and values, from democracy and human rights to environment and social rights. Morocco is a member of the World Trade Organization (WTO) and the Greater Arab Free Trade Area (GAFTA). IIA Navigator. The Morocco Free Trade Agreement (MAFTA) went into effect on January 1, 2006. “Morocco has free trade agreements with the EU, the US, Turkey, and several Arab and African nations, so the Moroccan manufacturing plant could become a hub for the distribution of the vaccine to other countries in the region.” 2. Canada and Morocco have completed three rounds of negotiations toward a free trade agreement, with a fourth planned for 2013. Morocco FTA Advisory Committee Reports on Morocco FTA; Final Text; Breadcrumb. Market Access. Morocco - Market OverviewMOR - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. High on its status as one of the few African States that got an FTA with Washington, and aware of the country’s pivotal position between the US and the EU (with whom it also has a privileged trade relationship through an FTA), the government of Morocco is somewhat bullish about FTAs and its own role in promoting them in Africa and the Arab world. International investment agreements (IIAs) are divided into two types: (1) bilateral investment treaties and (2) treaties with investment provisions. Good progress has been made so far on all aspects of the negotiations, notably in areas related to custom procedures, sanitary and … In terms of total intra-Africa trade (exports + imports) the main African trading partners are Algeria (21% of total intra-Africa trade), Egypt (15%), Tunisia (9%) and Senegal (5%). A bilateral investment treaty (BIT) is an agreement between two countries regarding promotion and protection of investments made by investors from respective countries in each other’s territory. Trade Agreements; Free Trade Agreements; Morocco FTA; Final Text Final Text. The United States-Morocco Free Trade Agreement entered into force on January 1, 2006. Agricultural Provisions of the U.S.-Morocco Free Trade Agreement Detailed information about this and other free trade agreements is available from the Office of the U.S. Trade Representative . FREE TRADE AGREEMENTS Within the framework of its global openness and liberalization strategy, Morocco has set up during the last decade a legal framework conducive to developing its commercial relations with some of its potential partners, through the conclusion of free trade agreements either bilaterally or regionally: This Agreement shall not be construed to derogate from any legal obligation If seen as a single entity, the EU is by far Morocco's largest trading partner. It is under this agreement that industrial products from Morocco enter the EU at zero duty. New U.S.-Morocco Agreements Seen as Boost to Trade Relations Press release Washington — The United States and the Kingdom of Morocco have signed new agreements that the top U.S. trade official says will stimulate significant additional commercial activity between the two countries and within the broader Middle East-North Africa region. 2. The Secretariat and Government reports are discussed by the WTO's full membership in the Trade Policy Review Body (TPRB). Signed in June 2004, the U.S.-Morocco Free Trade Agreement (FTA) will immediately eliminate import tariffs on more than 95 percent of bilateral trade in consumer and industrial products, with a gradual reduction of remaining tariffs over a nine-year period. Bilateral and multilateral trade agreements agreements create opportunities to increase U.S. agricultural sales internationally, stripping away barriers to trade, eliminating tariffs, opening markets, and promoting investment and economic growth. Trade agreements Requirements of EU trade agreements, types of agreements, details of current trade agreements. Morocco is a member of the World Trade Organization (WTO) since 1995. ... Morocco: Food Service - Hotel Restaurant Institutional. MEMBER INFORMATION. I- Interregional trade trends and concentration Index Trade between Morocco and sub-Saharan Africa has been on an upward trend since 2009, with an annual growth of 12.8% between 2000 and 2015.1 However, sub-Saharan Africa’s share of Morocco's external trade remains low in comparison with its other partners, such as the European Union, or to a lesser extent the MENA region. 3.2 Free trade agreements Morocco has several free trade agreements currently in place with various countries, including the EU , the USA, Turkey, Jordan, Tunisia, Egypt and across Africa. Preamble. Economic relations between Morocco and the EU are of long standing. Background Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries' trade and related policies are examined and evaluated at regular intervals. Free Trade Agreement between the Republic of Turkey and the Kingdom of Morocco was signed on 7 April 2004 in Ankara and entered into force on 1 January 2006. 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