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Us Morocco Free Trade Agreement

3. The finding of a violation of another provision of this agreement or a separate international agreement does not constitute a violation of this article. Professional services are services that require specialized post-secondary training, training or equivalent experience and for which the right to practice by a contracting party is granted or limited, but does not include services provided by craftsmen or crew members of boats and aircraft; printed advertising means of negligible value: goods classified in Chapter 49 of the harmonized system, including brochures, brochures, brochures, brochures, commercial catalogues, directories, advertising materials and tourist posters used for advertising, advertising or advertising for a good or service, intended primarily for the advertising of a good or service and of free value. , individually or in the total amount delivered, not exceeding one dollar or the corresponding amount in Moroccan currency. Since the free trade agreement came into force, the U.S. trade surplus with Morocco has increased to $1.8 billion in 2011, up from $79 million in 2005 (the year before it came into force). In 2011, merchandise exports to the United States totaled $2.8 billion, up 45% from the previous year. The corresponding U.S. imports from Morocco amounted to $996 million, an increase of 45%. Morocco is now the 55th largest export market for American products. The United States and Morocco signed a free trade agreement on June 15, 2004. The agreement entered into force on January 1, 2006.

The U.S.-Morocco Free Trade Agreement is a comprehensive agreement that supports the important economic and political reforms underway in Morocco and provides better trade opportunities for U.S. exports to Morocco by removing and removing trade barriers. Unless otherwise stated, this chapter applies to the trade in goods of a contracting party. Although there has been a lot of positive press about the USMFTA, not everyone sees it as a solid agreement. Morocco, in particular, has expressed concern about the reduction of tariffs on agricultural products and the increase in intellectual property and patent standards. Zero tariffs on agricultural products threaten local farms and employment. Given the number of Moroccan workers in agriculture, about 40-50% of the Moroccan workforce is a concern.

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Deepak Kamboj

Deepak Kamboj is a Solution Architect and Technology Enthusiast, located at Redmond, WA, having 14+ years of hands on experience in the IT industry.

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