Tunisia, Morocco hold partnership days
Tunisia-Morocco, Economics, 10/20/1999
Days on partnership between the Moroccan northern city of Tetuan and Tunisian capital city Tunis are currently being held in Tunis to foster cooperation relations between the two cities.
The event is attended by scores of Moroccan and Tunisian enterprises operating in the sectors of public works, agribusiness, handicraft, ready-to-wear, and the computing industry.
Morocco and Tunisia are bound by an agreement setting up a free trade area that was concluded last March. The accord provides for the suppression -- as of the signing date -- of all duties on some 2,000 non-agricultural products carrying below 10% customs duty.
The other custom duties will be gradually lowered up to year 2007.
Bilateral trade is in favor of Morocco with a total amount of $103 million in 1998 against $90 million in 1997.
At the level of the Arab states, Morocco is Tunisia's second-largest client and supplier, absorbing 10.3% of Tunisia's exports and providing 12.2% of the North African country's imports.
Morocco's exports to Tunisia are mainly made up of chemical wood paste, soluble coffee, tires, car spare-parts, and industrial oil. The kingdom's imports from Tunisia consist of plastic items, electric transformers and TV sets.
Tunisia studies free-trade area project with Morocco
Tunis hosts Moroccan-Tunisian partnership meeting next week
Morocco, Tunisia sign several cooperation accords
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