Free trade agreement

Articles

• U.S. Imposes 10% Tariff on Moroccan Exports, Signaling Shift in Trade Policy
  5 April, by Sylvanus

  While a free trade agreement has linked Morocco and the United States since 2004, the Trump administration is imposing a 10% tariff on Moroccan exports, which will come into effect this Saturday, April 5. This American decision will not be without consequences on the trade balance.
  "It is clear that this American decision to tax certain imported products at 10% is not just a commercial adjustment. It is a strong signal, which announces a more assumed and more structured protectionist turn (…)

• Morocco Eyes Trade Opportunity as Trump Tariffs Hit EU, China Harder
  9 April, by Sylvanus

  While Moroccan exports to the United States will be subject to a 10% tariff - a relative leniency - as part of a new trade policy unilaterally decided by the Trump administration, those of the European Union and China will face a much heavier tariff hike, respectively 20% and up to 34%. An opportunity for Morocco?
  In 2004, Morocco signed a free trade agreement with the United States. An advantage for the country that could benefit from the duties imposed on the EU and Asian powers. (…)

• Morocco Faces Hurdles in Bid to Revise Free Trade Agreements, WTO Rules Complicate Exit
  14 December 2019, by Sylvanus

  It will be difficult, if not impossible, for Morocco to break certain free trade agreements with other countries. And for good reason...
  This clear desire of Morocco to break certain free trade agreements that "harm its economy" could run into a major difficulty. Indeed, the World Trade Organization (WTO), of which the kingdom has been a member since 1995, has not provided for any tools for withdrawing from a free trade agreement, notes La Vieéco.
  However, two technical solutions are (…)

• Trump Imposes 10% Tariff on Global Imports, Including Morocco
  2 April, by Said

  President Donald Trump announced on Wednesday the imposition of 10% tariffs on imports from all countries, including Morocco.
  This decision concretizes the president’s expressed intention to react to countries he accuses of treating the United States unfairly on a commercial level. Donald Trump had already threatened to impose retaliatory tariffs. He specified that for certain countries, the United States would apply a rate corresponding to half of what they impose on American products. (…)

• Morocco Considers Ending Free Trade Deal with Turkey Amid Growing Deficit
  23 November 2019, by Sylvanus

  Morocco could terminate its free trade agreement with Turkey. The cause is a staggering trade deficit.
  In 2018, Morocco’s trade deficit with Turkey stood at 16 billion dirhams, compared to 4.4 billion dirhams in 2006.
  Based on this observation, Moulay Hafid Elalamy, Minister of Industry and Trade, stated during a question-and-answer session at the House of Councilors that there are a number of free trade agreements to be reviewed. "We are ready to terminate certain agreements that are (…)

• Brexit to Boost UK-Morocco Ties, Says British Ambassador
  6 December 2019, by Bladi.net

  The year 2020 holds many surprises for the Moroccan-British relations, which are some 800 years old. The United Kingdom will leave the European Union and implement the "British exit from the European Union", also called Brexit.
  The British Ambassador to Rabat addressed the issue in detail in an interview with the daily Al Akhbar. According to Thomas Reilly, his country’s exit from the EU will help strengthen Moroccan-British relations. First, "Great Britain will be obliged to diversify (…)

• Morocco Seeks 354,000 Tons of US Durum Wheat in Major Import Tender
  10 January 2020, by Ginette

  The Interprofessional Office of Cereals and Legumes (ONICL) is looking for a significant quantity of cereals. It has just launched a tender to import 354,000 tons of durum wheat of American origin.
  According to Le360, the operation is provided for in the Free Trade Agreement between Morocco and the United States.
  The results of the tender must be communicated on Thursday, January 9, 2020. The first lots are expected to be received before the end of May next year.
  It should be noted (…)

• EU Urged to Enforce Morocco Trade Deal Amid Tomato Price Concerns
  26 February 2021, by Prince

  The Spanish government has asked the European Commission to ensure compliance with the trade agreement with Morocco, said Fernando Miranda, Secretary General of Agriculture and Food, on Wednesday.
  Addressing the problem of the drop in tomato prices by local producers in Almería, faced with the massive import of Moroccan tomatoes, the Secretary General of Agriculture and Food recalled the European Commission’s duty to ensure compliance with the trade agreement with Morocco.
  These (…)

• US Ambassador to Morocco Still Absent After Two-Year Delay, Raising Concerns
  14 July 2019, by Kamal

  Two years after the appointment of the US Ambassador to Morocco by President Donald Trump, he has still not joined his post in Rabat. "Unjustified delays", in relation to the US Congress, are at the origin of this long delay.
  The new US Ambassador to the Kingdom of Morocco, David Fisher, has been awaiting his assignment for 584 days, knowing that the last four ambassadors had to wait 94 days to receive congressional approval.
  Indeed, ambassadors appointed by the President must have the (…)

• Moroccan-UK Trade Hits 18.3 Billion Dirhams, Expats Send 5 Billion Home
  28 October 2019, by Ginette

  Annual trade between Morocco and the United Kingdom represents 4% of total trade with the European Union (EU). According to statements by Nasser Bourita, Minister of Foreign Affairs, African Cooperation and Moroccans Residing Abroad, this trade amounts to more than 18.3 billion DH.
  It is after the signing of an agreement establishing an association between the Kingdom of Morocco and the United Kingdom of Great Britain and Northern Ireland that Nasser Bourita declared to the press that (…)