While Moroccan exports to the United States will be subject to a 10% tariff - a relative leniency - as part of a new trade policy unilaterally decided by the Trump administration, those of the European Union and China will face a much heavier tariff hike, respectively 20% and up to 34%. An opportunity for Morocco?
While a free trade agreement has linked Morocco and the United States since 2004, the Trump administration is imposing a 10% tariff on Moroccan exports, which will come into effect this Saturday, April 5. This American decision will not be without consequences on the trade balance.
President Donald Trump announced on Wednesday the imposition of 10% tariffs on imports from all countries, including Morocco.
France and Morocco have finally decided to consult each other to put an end to the trade tensions between tomato producers in the two countries. A bilateral agreement has been reached in this regard.
Faced with the massive import of Egyptian and Turkish products, Moroccan textile professionals are calling for the implementation of non-tariff measures and a review of the free trade agreements between the kingdom and these two countries.
Trade between Morocco and Israel reached $8.5 million in June 2024, an increase of 124% compared to the same month the previous year, reveals the Abraham Institute for Peace Accords.
The head of the Moroccan government has filed a defamation lawsuit against José Bové, a former French MEP who accused him of trying to bribe him during negotiations on a free trade agreement. An accusation made against Aziz Akhannouch at a time when the European Parliament is shaken by a corruption scandal.
During his visit to Rabat on Thursday, June 9, 2022, Abdullah bin Touq Al Marri, the UAE Minister of Economy, stated that a trilateral agreement is under discussion with Moroccan officials to intensify exchanges between Morocco, the United Arab Emirates (UAE) and Israel.
Moroccan exporters wishing to explore business opportunities in the American market attended an orientation and awareness-raising session organized by the US Consul General in Casablanca.
Morocco and Israel are working to strengthen their economic cooperation. It emerges from the recent visit of a delegation of representatives of the main economic organizations of the Hebrew state to the kingdom that the head of the Israeli employers’ organization wishes for a free trade agreement between the two countries.
Morocco has recently modified the Free Trade Agreement (FTA) with Tunisia, excluding 18 categories of products. A measure that is not to the liking of Tunisian economic operators who denounce an "unjustified act" and call on the government for help.
After Turkey, Morocco, determined to ensure compliance with the Free Trade Agreements with its partners, has just established negative lists with Tunisia and Egypt, temporarily excluding certain products from the tariff dismantling applied with these countries and subjecting others to a single tax of 17.5%.