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U.S.-Morocco Free Trade Agreement

This is a discussion on U.S.-Morocco Free Trade Agreement within the Investment help and advice forums, part of the Property in Morocco category; President George W. Bush talks with His Majesty King Mohammed VI of Morocco in the Oval Office Tuesday, April 23. ...

  

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Old 04-06-2009, 01:40 PM   #1
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Default U.S.-Morocco Free Trade Agreement

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President George W. Bush talks with His Majesty King Mohammed VI of Morocco in the Oval Office Tuesday, April 23. "Today, I've informed His Majesty that our government will work to enact a free trade agreement with Morocco," said the President to the media. "Trade is an important part of good foreign policy, it's an important part of making sure Americans can find jobs." White House photo by Eric Draper.

The United States-Morocco Free Trade Agreement entered into force on January 1, 2006.

Tariffs for more than 95 percent of qualifying consumer and industrial goods were immediately eliminated. Remaining tariffs for most remaining qualifying goods will be eliminated over a 9 year period from the date the Agreement entered into force. For a limited number of products, tariffs will be eliminated over a period of up to 15 years.

The agreement also offers new access to services, intellectual property protection, a predictable legal framework for U.S. investors, open and fair government procurement, and strong protections for labor and environment.
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Old 04-06-2009, 01:44 PM   #2
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How Can U.S. Companies Benefit

The United States-Morocco Free Trade Agreement entered into force on January 1, 2006.

Tariffs for more than 95 percent of qualifying consumer and industrial goods were immediately eliminated. Remaining tariffs for most remaining qualifying goods will be eliminated over a 9 year period from the date the Agreement entered into force. For a limited number of products, tariffs will be eliminated over a period of up to 15 years.

The agreement also offers new access to services, intellectual property protection, a predictable legal framework for U.S. investors, open and fair government procurement, and strong protections for labor and environment.

In order to take advantage of the benefits for U.S. goods under this Agreement, 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.
The concept of "originating" goods can be a complicated one. The details are in the text of the U.S.-Morocco FTA
Click on the following links for information on how to determine if your product qualifies for preferential tariff treatment, how to use the tariff elimination schedule, how to declare origin, and frequently asked questions about the Agreement.

The Department of Commerce's Market Access and Compliance offices will be monitoring this Agreement to ensure that Morocco fully complies with its trade obligations. If you encounter problems under the U.S.-Morocco FTA, please contact our Agreements Compliance office.
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