Global Arab Network | Morocco, US trade exchange exceeds $ 2.5 billion

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Morocco, US trade exchange exceeds $ 2.5 billion

Global Arab Network - - Amal Hasson

Sunday, 27 March 2011 12:59

Washington - Trade exchange between Morocco and the United States, which are bound by a free trade agreement (FTA), stood at more than 2.6 billion dollars in 2010, with Morocco's exports to the US market rising by 54% since the entry into force of the agreement in 2006, the US Department of Commerce (USDC) said on Friday.

Bilateral trade has, thus, markedly risen in 2010 from a year earlier when it had stood at 2.1 billion dollars, according to figures released by the USDC.

Moroccan exports to the United States reached 685 million dollars in the year under review, posting a 46% over 2009, it said.

The two countries' officials say the USA-Morocco free trade agreement, the unique such agreement signed by the USA in the entire Africa, attests to the excellent, special bilateral relations.

"We have a long history of friendship and partnership on almost every level, from economics to educational exchanges, from trade to development, and security," Clinton said two days ago at a joint press conference with her Moroccan peer Taib Fassi Fihri.

Fassi Fihri, for his part, had emphasised the “long-standing, very fruitful” Moroccan-US ties. (MAP)

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