Moroccan-American FTA, best ever concluded agreement with USA, Minister
Morocco-USA, Economics, 4/13/2004
The recently concluded Moroccan-American Free Trade Agreement (FTA) is the "best agreement ever concluded with the United States," insisted, in Tangiers Saturday, Moroccan minister of industry, commerce and telecommunications.
Rachid Talbi Alami who was speaking at a seminar, said this accord is the best "because of the importance of the results achieved by the Moroccan negotiating team."
"It is the best agreement of free trade so far obtained by a country with the United States as it allows 99.73 percent of Moroccan products to access duty-free the American market,"
the minister explained. He also underlined the importance of the opportunities provided by this agreement to foreign investors established in Morocco as it will allow them to achieve 12 to 65 percent savings on duties to access the American markets, noting in this respect that several Chinese, Pakistani, Indian and Italian industrialists are already envisaging to set up businesses in Morocco.
He finally urged Moroccans to upgrade their enterprises before the entry into force of this agreement.
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