Basics by Free Trade Agreement: Morocco
What are the Best Prospects for U.S. Companies? (Non-Textile Industrial Goods)
The U.S.-Morocco FTA dramatically increased market access opportunities in Morocco for U.S. manufacturers and service providers and investors. An average tariff rate of 28.3 percent now hinders U.S. exports to Morocco. When the Agreement entered into force on January 1, 2006, Morocco immediately eliminated tariffs on 92 percent of U.S. non-textile industrial exports-a record for an FTA signed with a developing country partner. Morocco is the United States' ninth largest goods trading partner on the African continent, with $958 million in two-way trade in 2002. Civil aircraft, chemicals, information technology, and energy products make up the largest U.S. exports to Morocco. Small and medium-sized enterprises ("SMEs") comprise more than 97 percent of U.S. exporters and will benefit just as much as-if not more than-their larger brethren under the Agreement. The Agreement provides particularly significant opportunities for trade in goods in the following non-textile industrial sectors:
• Automobiles and Automotive Parts
• Environmental Technologies (Goods and services)
• Building Products
• Chemicals
• Civil Aircrafts
• Consumer Goods
• Construction Equipment
• Forest and Paper Products
• Information Technology (IT)
• Metals/Steel
• Pharmaceuticals
• Textiles and Apparel
• Agriculture
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