- Home
- Embassy
- About Morocco
-
Morocco-US Relationship
Morocco-US Relationship
- Visit Morocco
- Consular Services
- Press & media
- Contact Us
Morocco: The Only African Nation with a U.S. Free Trade Agreement
The Washington Institute emphasized that this trade deal was driven by shared strategic and economic interests between the U.S. and Morocco. According to the article, the agreement was not only a recognition of Morocco's efforts in counter-terrorism and its commitment to tolerance but also a strategic move by the U.S. to broaden its vision for a free trade area extending into the Middle East. This alignment of interests was a fundamental factor in the agreement's establishment.
The analysis also revealed that the U.S. sought to deepen its trade and security ties with Morocco, leading to a notable increase in bilateral aid and Morocco's designation as a "Major Non-NATO Ally." This partnership has been marked by a significant rise in U.S. support and investment, reflecting the broader geopolitical and economic strategy underpinning the agreement.
Economically, while Moroccan exports have been relatively modest, the U.S. has gained valuable access to the Moroccan market, especially in agriculture. For the kingdom, the agreement provides an opportunity to diversify its trade partnerships and lessen its reliance on European markets. In this context, the Institute's report emphasized that since the agreement’s implementation, bilateral trade has more than quadrupled, increasing from $1.3 billion in 2006 to $5.5 billion in 2023, demonstrating the tangible benefits of the trade pact.
According to The Institute’s report, Morocco has seen significant economic growth, with GDP rising from $63 billion in 2005 to $131 billion in 2022. However, this growth is attributed to factors beyond MAFTA, such as favorable weather conditions, the impact of COVID-19, drought, infrastructure projects, and domestic policies.
Furthermore, the report noted that while Morocco’s fertilizer exports have flourished, its textile exports have experienced only slight declines. This illustrates the varied outcomes for different sectors under the trade agreement.
The article also highlighted the kingdom's exploration of niche markets such as electric vehicle batteries, leveraging its rare minerals. Despite encountering several challenges, Morocco's efforts to enhance its trade system have been commended by the World Trade Organization, as detailed in The Washington Institute's report.
Embassy of the Kingdom of Morocco in Washington DC
+1 (202) 462-7979
3508 International Dr NW, Washington, DC 20008
Consulate Section in Washington DC
+1 (202) 499-1050
1601 21st St NW, Washington, DC 20009
Consulate General in New York
+1 (212) 758-2625
55 Broadway, New York, NY 10006
Consulate in Miami
Upcoming