Free trade agreement between Morocco and USA
FTA came into effect on January 1, 2006, one of the main goals of the agreement is to promote American investment in Morocco, and also the agreement facilitates trade between USA and Morocco.
How can USA companies benefit from the free trade agreement with Morocco?
Exporters will need to understand how to determine that their goods are "originating," that is, how they qualify for preferential duty treatment under the U.S.-Morocco FTA Rules of Origin to take advantage of the benefits for U.S. goods under this Agreement
Morocco US FTA Benefits
Tariff elimination. Tariffs on 95 percent of two-way trade in industrial and consumer goods were eliminated on January 1, 2006, when this FTA entered into force.
Services sector openings. Most U.S. service providers, including banks and insurance companies, are to be treated equally with Moroccan companies.
Agricultural access. U.S. farmers and ranchers, including poultry farmers, cattle producers and wheat farmers, have increased access to Moroccan markets.
Enhanced intellectual property rights protection. Morocco will provide U.S. copyright, patent, and trademark owners stronger protection and more effective enforcement of intellectual property rights.
Transparency measures. The Moroccan government will publish its trade related laws and regulations concerning matters covered by the Agreement, as well as allow public comment to the extent possible.
Customs cooperation. U.S. companies can expect faster customs processing for their goods.
USA and Morocco free trade agreement required documentation
SED: As is the case with exports to other countries, the US government requires submission of a SED, if the value of the shipment is greater than $2,500. Exporters can use the free internet-based system to file
Exporters should be aware that commercial invoices for all shipments from the United States must bear a notarized affidavit: I, (name, title, and name of company), hereby swear that the prices stated in this invoice are the current export market prices for the merchandise described, that the products being shipped are of US origin, and that they have been manufactured in the United States.
For shipments to Morocco, exporters are required to provide, in original form, an airway bill and a packing list.
Morocco Business Oppurtunities
The Agreement provides particularly significant opportunities for trade in goods in the following non-textile industrial sectors:
- Automobiles and Automotive Parts
- Environmental Technologies (Goods and services)
- Building Products
- Civil Aircrafts
- Consumer Goods
- Construction Equipment
- Forest and Paper Products
- Information Technology (IT)
- Textiles and Apparel
For More Information, visit US Dept of Commerce website.