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David Greene celebrates 15 years of free trade between US and Morocco

Since the signing of the FTA between the US and Morocco, huge numbers of Moroccans and Americans have benefitted from the ensuing increase in economic cooperation and trade. Last year, despite the damage done by COVID-19, Morocco exported a record $267 million worth of agricultural products to the United States, including 45,000 tons of citrus fruit, a 155 percent increase from 2006.

Overall, bilateral trade in goods between the United States and Morocco reached approximately $5.1 billion in 2019 – a staggering five-fold increase in value since the agreement took effect.

US and Moroccan businesses, including budding entrepreneurs on both sides of the Atlantic, continue to discover the innumerable benefits of the FTA – the only US free trade agreement on the African continent – and there are still many untapped opportunities.

Investments in Morocco, supported by the agreement, have helped make the Kingdom globally competitive in strategic sectors and high value-add industries like aerospace and automotive, in partnership with many world-renowned US companies. Today, more than 150 US companies operate in Morocco. 

Source: moroccoworldnews.com


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