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 visit was thus a telling declaration of intentions from both the Tunisian and Algerian regimes, who have ever since appeared to be striving to deepen bilateral ties to form a Maghrebi bloc to undermine Morocco’s strategic interests.
The diplomatic tensions between Rabat and Tunis due to the support shown by Kais Saied to the Polisario separatist militias could spill over to economic ties between the two countries.
The agreements have been technically finalized and cover cooperation on avoidance of double taxation, air services, reciprocal protection of investment, and trade cooperation.
Moroccan Minister of Trade denied the information published according to which Rabat was working on a revision of the free trade agreements (FTA) signed with Tunisia and Egypt.
A group campaigning for the rights of Western Sahara’s Saharawi people has been granted permission by the High Court in London to bring a judicial review against the UK government’s trade deal with Morocco.
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.