Amcham in Morocco: US-Morocco FTA Success Depends on Improvements of Moroccan Business Environment
Morocco-USA, Economics, 12/4/2002

The American chamber of commerce in Morocco (AMCHAM) said recently in a report to the United States trade representative that the success of the projected Morocco-US free trade agreement depends on improvements to the local business environment.

Based on a survey of executive perceptions about business and investing in Morocco, AMCHAM sees that such needed improvements include a balanced and coherent labor code, a transparent and efficient justice system, the enforcement of intellectual property rights and a closer match between educational curricula and labor market needs.

In order to attract significant trade and investment under an FTA, Morocco will need to match tariff reductions with improvements in the overall business environment, says the report, noting that the Moroccan business environment stands to gain not only from domestic reforms but also from greater access for Morocco-based firms to the markets of other countries in the Maghreb region (Morocco, Algeria, Tunisia).

The American Chamber of Commerce in Morocco urges full support for the proposed FTA because it has the potential to greatly expand bilateral trade and investment to the benefit of both Moroccan and American companies.

It could also constitute a powerful tool in the economic and social development of Morocco, a longstanding friend and ally of the United States, AMCHAM states.

Previous Stories:
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  US names team to negotiate Free Trade Agreement with morocco   (11/2/2002)

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