US sorghum has been sold to Morocco for the first time in six years, a testament that the US-Morocco Free Trade Agreement (FTA) is working.
"The Free Trade Agreement (FTA) with the United States opens the Moroccan economy towards a new world. It is an opportunity for us to diversify our partnerships, our markets and strengthen our means of competition in an increasingly global economy," said Mohamed Benayad, secretary general of the National Council for Foreign Trade (CNCE).
Interview with Mohamed Benayad, Secretary General of the National Council for Foreign Trade, claims to be an advocate of the free trade agreement between Morocco and the United States.
Increasing trade exchanges and promoting US investments in Morocco are the main objectives of the Free Trade Agreement (FTA) signed between Morocco and the USA, affirmed trade Advisor at Moroccan embassy in Washington, Mourad El Ayachi.
The agreement eliminates tariffs on US sorghum immediately and phases out duties on US corn over five years.
Morocco became the first country in the Middle East and North Africa (MENA) to have free trade with the United States after the two countries’ free trade agreement came into effect on Sunday.
In anticipation of the January 1, 2006, entry into force of the U.S.-Morocco Free Trade Agreement, President Bush issued a proclamation December 22 on adjusting tariffs on imports from Morocco and authorizing the commerce secretary to take actions to support the implementation of the pact.
Recent difficulties in the implementation of Morocco’s free trade agreement with the UAE have raised questions regarding the kingdom’s readiness for trade liberalisation. They might also further delay the entry into force of more crucial free trade deals.
Agreement for the Establishment of a Free Trade Zone between the Arabic Mediterranean Nations
The Office of the Thai Trade Representatives (TTR) is to propose a free trade pact between Thailand and Morocco to open the door for more trade and investment between Thailand and African countries.
The Morocco FTA cuts the tariff on US corn initially in half and then proceeds to zero by year six. This provides a significant advantage to US exporters and could potentially allow them to capture near 100 percent of the Moroccan market.
The free trade agreement signed between Morocco and the USA will grant Morocco a waiver from the normal rules of origin and allow the kingdom export textile products from less developed African Sub-Saharan countries.
Although the Morocco-US Free Trade Agreement (FTA) offers considerable opportunities to Moroccan textile exporters and an outlet to some agricultural produces, accompanying measures are crucial to benefit the most of the accord, believes Mohamed Benayad, head of the National Council for Foreign Trade.
A review of European Union free trade agreements in agriculture - looking at Morocco, Egypt, South Africa, Chile - and the impact on US interests.
It’s been deemed the “best market access package of any U.S. free trade agreement with a developing country to date” by the Office of the US Trade Representative. So can the new trade agreement between the United States and Morocco actually live up to such spectacular billing?
Ambassador Mekouar’s stop in Los Angeles is part of an aggressive effort to inform US businesses about the Free Trade Agreement.
As an important lynchpin between Europe, Africa and the Middle East, access to the Moroccan market
is essential for the U.S. banking, insurance and telecommunications industries.
Morocco’s parliament approved a free-trade accord (FTA) with the United States, paving the way for its implementation in two months and bringing Washington closer to its goal of sealing a free trade agreement covering most of the Middle East and North Africa by 2013.
L’accord de libre-échange conclu entre le Maroc et les Etats-Unis en 2004 a été adopté le 13 janvier à Rabat par la Chambre des députés.
Morocco and Gabon might relaunch negotiations to establish a free trade zone with view to reinforcing trade exchanges and promoting economic integration with countries of central Africa.