EU trade policy-making About sustainable development in the EU's trade agreements, transparancy in EU's trade negotiations, related documents. DISCLAIMER: The following documents are provided as a convenience to users of the Internet. A bilateral investment treaty (BIT) is an agreement between two countries regarding promotion and protection of investments made by investors from respective countries in each other’s territory. I- Interregional trade trends and concentration Index Trade between Morocco and sub-Saharan Africa has been on an upward trend since 2009, with an annual growth of 12.8% between 2000 and 2015.1 However, sub-Saharan Africa’s share of Morocco's external trade remains low in comparison with its other partners, such as the European Union, or to a lesser extent the MENA region. Morocco signed 17 investment agreements worth $93.6 million recently to boost the industrial sector, hit by the pandemic. Free Trade Agreement between the Republic of Turkey and the Kingdom of Morocco was signed on 7 April 2004 in Ankara and entered into force on 1 January 2006. With Turkey-Morocco FTA, tariffs and non-tariff barriers were eliminated in trade between the Parties. Within the framework of its global openness and liberalization strategy, Morocco has set up during the last decade a legal framework conducive to developing its commercial relations with some of its potential partners, through the conclusion of free trade agreements either bilaterally or regionally. He added, “Morocco has free trade agreements with the EU, the US, Turkey, and several Arab and African nations. 2. Agriculture In March 2004, Morocco signed an FTA with the United States that came into effect on January 1, 2006. The EU-Morocco Association Agreement, which covers industrial goods, entered into force on March 1, 2000, and applies to U.S. companies located in Morocco. The US-Morocco Free Trade Agreement (or Morocco FTA) is a bilateral trade agreement between the United States and Morocco.The agreement was signed on June 15, 2004, followed by U.S. President George W. Bush's signing of the USMFTA Implementation Act on August 17, 2004. Initial Provisions and Definitions. It is under this agreement that industrial products from Morocco enter the EU at zero duty. ... Morocco: Food Service - Hotel Restaurant Institutional. Since the agreement entered into force on January 1, 2006, the value of U.S. exports have risen from $481 million in 2005 to $1.95 billion in 2010. Morocco has also concluded FTAs with Tunisia, Egypt, Jordan (these four countries are signatories to the Agadir Declaration), EFTA and Turkey. Duty Free Access to One Billion Consumers . Under the agreement most Moroccan goods enter the United States duty free and virtually all will enter free by the time it is fully implemented on January 1, 2023. Morocco’s major exports to India are rock phosphates and phosphoric acid. Based on trade indicators data, EI and especially FTAs have mostly a negative impact on Morocco's trade balance, whereas the majority of the agreements have benefited more other signatory countries. If seen as a single entity, the EU is by far Morocco's largest trading partner. In addition, Morocco is a member of various regional trade agreements such as the Arab Maghreb Union (AMU), the Greater Arab Free Trade Area (GAFTA), and the Arab-Mediterranean Free Trade Agreement known as the Agadir Agreement. Canada and Morocco have completed three rounds of negotiations toward a free trade agreement, with a fourth planned for 2013. FREE TRADE AGREEMENTS Morocco Commercial Availability For additional information, please contact the Office of Textiles and Apparel, U.S. Department of Commerce.