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Moroccan and european textile professionals probe implications of Morocco's FTA with USA and Turkey
Morocco, Economics, 4/16/2004
Moroccan and European textile producers held a meeting here to probe implications on the textile and apparel sectors of the free trade agreements Morocco has recently concluded with Turkey and the USA.
Delegates of the Moroccan association of textile and garment industry (AMITH) and the European apparel and textile organization (EURATEX) highlighted the potential synergies between Morocco and the EU as the multi-fiber quotas are set to be abolished on January 1, 2005.
The suppression of these quotas will mark the end of quantity restrictions in textile and apparel trade. This move is of particular importance to developing countries which account for 50% of the world textile exports and 70% of apparel exports.
The session was also an opportunity for the Moroccan professionals to present to their European colleagues the new opportunities offered by Morocco's FTA with the USA and Turkey and the investment incentives available in the sector.
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