Morocco and Turkey sign free trade agreement

Morocco and Turkey signed in Ankara this Wednesday a free trade agreement at the end of the 8th joint economic commission.

The FTA, signed by visiting Moroccan prime minister Driss Jettou and Turkish peer Tayyip Erdogan, provides for the creation of a free trade zone in industry after a 10-year transition period and the lifting of all customs tariffs for Moroccan industrial products, while Turkish products would benefit from a gradual exemption of duties.

This is the 16th agreement of the kind signed by Turkey and the first one concluded with a north African country.

Morocco is bound by free trade agreements with several countries, including a collective an agreement for a Free trade zone with south Mediterranean Arab states, known as the Agadir Declaration, (Tunisia, Lebanon, Egypt and Jordan) and concluded last March an FTA with the USA.