"In January 2006, the bilateral Free Trade Agreement (FTA) between the United
States and Morocco went into effect. The FTA represents an important step
towards President Bush's vision of a Middle East Free Trade Area and is the
first in Africa. The U.S.-Morocco FTA eliminated tariffs on 95% of bilateral
trade in consumer and industrial products with all remaining tariffs to be
eliminated within nine years. The negotiations produced a comprehensive
agreement covering not only market access but also intellectual property
rights protection, transparency in government procurement, investments,
services, and e-commerce. The FTA provides new trade and investment
opportunities for both countries and will encourage economic reforms and
liberalization already underway."
Saturday, October 27, 2007
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