Global Arab Network | Morocco, US - Significant Growth in Trade Exchanges

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Morocco, US - Significant Growth in Trade Exchanges

Global Arab Network - - Rabih Serrai

Friday, 10 December 2010 13:37

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Washington - Trade exchanges between the United States and Morocco, bound by a free trade agreement, witnessed "a significant growth" over the past few years, American Assistant Secretary for Economic, Energy and Business Affairs José W. Fernandez said on Thursday in Washington.

The US official, who was speaking at a press conference following his tour in the Maghreb region, said that bilateral trade ties could be further boosted, highlighting the business opportunities offered by Morocco and the United States.

Fernandez called for bringing the two countries' businessmen closer as part of the US-North Africa partnership for economic opportunity which was recently launched.

Since the enforcement of the free trade agreement in 2006, the volume of trade exchanges between Morocco and the US increased by around 150% to reach 2.3 billion
dollars in 2008.

Morocco's exports to the US rose by 99%, over the same period, to 879 billion dollars, according to figures provided by the US Department of Commerce.
(MAP)

Global Arab Network

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