AREAS OF COOPERATION BETWEEN MOROCCO AND USA
Longstanding Relationship
The United States and Morocco cuts has longstanding friendship. Morocco was the first country to recognize the fledgling American republic one December 20, 1777. One July 18, 1787, the Treaty off Marrakech was implemented, providing "for the protection off American shipping along the Moroccan coast and for trade between the two nations one the basis off most favored nation. The relationship has continued to grow stronger with several agreements between the two countries.
The Main Bilateral Agreements :
The Kingdom of Morocco and the United states have a rich legal framework. Over the years the countries have signed more than 100 agreements some of them are:
1- The 1786 Moroccan-American Treaty of Friendship
| 2- Agreement on the encouragement of the investments.
11-Cooperation agreement concerning the uses of nuclear energy for peaceful purposes
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EXPORTS FROM USA TO MOROCCO
American exports to Morocco average around $475 million each year. "Leading exports," according to one report, "include aircraft, corn, and machinery. Recently, exports of fabrics and pharmaceuticals have increased significantly.. An FTA with Morocco would continue this trend.
Because America is the world's largest agricultural exporter, American farmers would particularly benefit from expanded market access. During periods of drought, Morocco relies heavily on imported farm products, such as wheat, soybeans, and corn, thus giving U..S. farmers a significant opportunity to export.
EXPORTS FROM MOROCCO TO USA
FTA to allow Morocco export non-Moroccan textile products to USA
4 June 2005
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.
This agreement will allow Morocco export to the U.S duty-free a quota of 15 million meter squares of finished goods and 500 tons of thread and tissues made out of fibres and cotton coming from less developed African Sub-Saharan countries.
In a communique published Friday, the ministry of Industry, Trade and Economy Upgrading called on enterprises willing to export textile products and clothes into the US market within this preferential frame to register with the ministry before June 27.
The authorised quotas will be assigned by the industry department after having the opinion of a consultative committee composed of the ministry of Foreign Trade, ministry of ministry of Foreign Affairs and Cooperation, Customs and Indirect Taxes department and Moroccan Association of Textile Industries and Clothing, said the communique.
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