U.S. And Morocco Reach Free Trade Agreement

Jan. 13, 2005
By John S. McClenahen Although implementation of the pact is subject to Congressional approval, the U.S. on Mar. 2 concluded a free-trade agreement (FTA) with Morocco, another step toward creation of a Middle East Free Trade Area by 2013. The U.S. ...
ByJohn S. McClenahen Although implementation of the pact is subject to Congressional approval, the U.S. on Mar. 2 concluded a free-trade agreement (FTA) with Morocco, another step toward creation of a Middle East Free Trade Area by 2013. The U.S. already has FTAs with Israel and Jordan and negotiations for a pact with Bahrain are underway. Under terms of the pending agreement, more than 95% of trade between the U.S. and Morocco in consumer and industrial products would become tariff-free immediately upon implementation, says the Office of the U.S. Trade Representative, Robert B. Zoellick. All remaining tariffs on such manufactured goods would be eliminated within nine years. U.S. makers of information technology products, construction equipment, machinery and chemicals are among those who would benefit most from the agreement, says Zoellick's office. The U.S. exports about $475 million worth of products a year to Morocco.

Popular Sponsored Recommendations

7 Crucial Steps to Improve Your OT Security

Oct. 23, 2023
Enhance OT security in manufacturing and production. Uncover the crucial steps to safeguard your operational technology. Protect against evolving threats and bridge the IT-OT ...

Legacy Phone Lines Are Draining Your Profits

Oct. 30, 2023
Copper wire phone line expenses that support emergency devices could be costing your company millions of dollars in wasteful overhead expenses. Rates have been skyrocketing while...

Discover How an Eye Tracking Study Improves Training Procedures

Oct. 29, 2023
Did you know that your training processes can be streamlined by visualizing and analyzing key skills within your employee base? Find out how we use eye tracking to capture advanced...

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!