Moroccan exporters have called for a review of the free trade agreement (FTA) between Rabat and Washington since 2006 and the search for ways to facilitate greater access of Moroccan products to the United States market and to make more use of its potential.
Hassan Sentissi, president of the Moroccan Association of Moroccan Exporters, said that the Free Trade Agreement with the United States provides a range of opportunities to access the markets of this country, which Moroccan exporters have not fully exploited because of the strict rules they face in this regard.
Sentissi considered that Moroccan companies operating in the export sector are not yet accustomed to these rules and standards imposed on foreign companies wishing to market products within the United States market. He called for the necessity of reviewing this agreement by taking into consideration the specificities of Moroccan SMEs the field.
It is noteworthy that a US government report on the investment climate in the world that ranked the Kingdom of Morocco ranked 26th in the world as a trading partner; noting that Morocco has been suffering trade deficit with them since the signing of a free trade agreement in 2006.
The report, issued by the United States of America, indicates that Uncle Sam’s country has a surplus of $ 0.9 billion with Morocco according to the statistics for 2016, an increase of 48 per cent compared to the previous year.
According to the report, the United States exports to Morocco $ 1.9 billion in aircraft and spare parts.
The United States exports fuel, grain and animal feed to Morocco. The volume of cargo has increased by about 19 per cent since 2015, due to the delivery of three new Dreamliner aircraft and a higher volume of fuel oil purchases by the Kingdom.
On the other hand, the total exports of the Kingdom of Morocco to the United States of America about one billion dollars, an increase of 1% per year, mainly fertilizers, electrical machinery, clothing, agricultural products and fish.