afrik.com
 
Tuesday 18 Nov. 2008    
 
  Assassination attempt on former anti-corruption chief in Nigeria to be probed  -  United Kingdom pledges 100 million pounds towards HIV/AIDS fight in Nigeria  -  Media coverage of Egyptian tycoon’s trial for the murder of Lebanese star blocked  -  Islamic leader accused of half a million US dollar fraud acquitted  -  The Gambia fires another magistrate  -    
     
 
Economics - International - Morocco - United States - Trade - Finance

Morocco and US free trade deal rakes in US$2.3 billion

Trade between Morocco and US hit US$2.3 billion in 2007 from US$1.4 billions in 2006, a local newspaper the Economist reported on Wednesday.



Thursday 19 June 2008


The increase is basically due to a surge in the volume of export from Morocco that almost tripled between 2005 and 2007, the financial and business journal quoted the Moroccan minister of external trade, Abdellatif Maazouz, as saying.

He said there was need for direct maritime link between the port of Tanger in northern Morocco and the eastern coast of America.

Rabat and Washington signed an agreement on free trade on 2 March 2004 in Washington that became effective on 1 January 2006.

Under the agreement, customs duties on 95 per cent of the products have been cancelled, and the remaining products would be considered in the same manner in nine years.

For a limited number of products it will be 15 years starting from the date of implementation of the agreement.

Furthermore, the agreement offers access to services, copyright protection, legal backing for security and guaranty for American investors, open procedures and transparency measures for moral standards as well as competition in public markets and the job and environment protection.

The free trade agreement between Morocco and USA is the first Washington has signed with an African country and the second with an Arab country after Jordan. Panapress .



Your opinion

Be the first giving your opinion




 
   

EU undermining African economic stability

Western influence erodes as Africa looks to Asia

China to do more business with Sudan despite threats

All articles related to Trade

United Nations names special economic task force

OPEC calls emergency meeting as oil prices slide

Botswana maize stock being depleted by Zimbabweans

All articles related to Economics

Secrets of prostitution in an Islamic Kingdom

World’s first underwater museum to be built by Egypt

Libyan leader backs much criticized Mauritanian junta

All articles related to North Africa

Tanker carrying 2m barrels of oil hijacked by Somali pirates

Humanitarians good if crisis doesn’t affect their income

FIFA world ranking : Jamaica and Mali up, Kenya plunges

All articles related to International

Marriage or Legal paedophilia : Morocco battles with under age marriages

Scandal in Morocco : Legalising paedophilia through a fatwa

Morocco dismantles islamist network calls for more collaboration from Algeria

All articles related to Morocco

Obama - Clinton, a long overdue union?

A quest for equality; Now what?

Serena Williams opens school in Kenya

All articles related to United States

 
 
afrik.com    web
 
 


About us - Contact us/Privacy policy - Partners - Advertising guide - Syndication
Site map - Press review - Text mode - Map of africa - Archives - E-mail alerts - French version

© afrik.com