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.
Apart from the US and the EU, it has signed deals with the EFTA group, Mercosur, Turkey and the UAE. Regionally, it is an active party to the Agadir Agreement as well as GAFTA. The kingdom is negotiating a new deal with Singapore and Mauritania and may start talks with Vietnam. It also secured a significant trade and investment deal with the West African Monetary Union — where Morocco-based corporations plan to expand and invest in banking, telecommunications and other sectors — in late November 2008. A recently signed agricultural free trade agreement with the EU has been opposed by small farmers in Europe and human rights organizations who charge that the deal promotes the exploitation of the disputed territory of Western Sahara.
last update: May 2012
photo: Mohammenko/CC BY-SA 3.0
The agreement establishes a framework for cooperation in the fields of economics, trade and innovation, with both sides aiming to increase bilateral trade and remove trade barriers.
Israel aspires to sign a free trade agreement with Morocco, Israeli Minister of Economy Amir Peretz said.
The Moroccan Government approved an amendment of the Morocco-Turkey Free Trade Agreement, increasing tariffs by up to 90% on 1200 Turkish goods for a five-year period.
Morocco has succeeded in convincing Turkey to review a list of Moroccan complaints on a free trade agreement between the countries, said the trade minister.
Morocco and Turkey agreed to review their free trade deal as Rabat struggles to curb its roughly $2 billion annual trade deficit with Ankara.
This agreement aims at further protection and promotion of investment between the contracting parties.
Joint Morocco-Turkey "technical commission" might be created to investigate "means of rebalancing the commercial relations between the two countries."
As Morocco plans to walk out of its Free Trade Agreement with Turkey, Moroccan textile producers are set to be the big winners.
The free trade agreement between Morocco and the US has not been beneficial to Moroccan exporters, given the size of the US market and the complex procedures yet unfamiliar to Moroccan companies.
This surge in the ratification of “Intra-African” BITs is part of the Moroccan “South-South Partnership” strategy