Middle East Trade Agreements

27 Sep

In June 2016, the WTO published its second Trade Policy Review (TPR) of Morocco since the entry into force of the FREE TRADE AGREEMENT between the United States and Morocco and finds that Morocco has experienced considerable economic growth every year. The report mentions that the free trade agreement with the United States has opened up market access for Moroccan non-agricultural products, with the exception of textiles and clothing. Most agricultural products are marketed duty-free and some benefit from tariff preferences. The report also mentions the open strategic dialogue between the two countries in order to continue and improve economic relations. Ambassador Miriam Sapiro and Israel`s Director General of the Ministry of Industry, Trade and Labor, Sharon Kedmi, agreed this week on a process to promote their shared commitment to expanding trade and investment between the United States and Israel. They welcomed the progress made on trade and investment since a meeting between Ambassador Kirk and Minister Ben Eliezer in Washington in October 2010 and approved a plan that will guide future discussions and evolve during those discussions. They also agreed to redouble efforts to make further progress ahead of the Joint Committee meeting on the U.S.-Israel Free Trade Agreement (FTA), which will take place later this fall. In the MENA region, many countries have negative trade balances or depend on fossil fuel exports to offset imports of goods and services. In recent years and with a new severity after 2011, different types of free trade agreements (SAAs) have been discussed in the region.

The focus is on the European Union`s efforts to enhance association agreements with Deep and Comprehensive Free Trade Agreements (NAFTA), mainly with Morocco and Tunisia. Similar discussions and revisions of existing agreements are taking place in Egypt and Jordan. In North Africa, the debate also focuses on the Continental Free Trade Area (CFTA) proposed by the African Union. Civil society and trade unions in these countries should articulate their interests and demands for social justice. A notable exception to this rule is the production of food. While most food from the United States, where it is relatively cheap, is not practical, the removal of trade barriers between Arab countries can lead to lower prices of regionally grown food and protests among farmers. [Citation required] The U.S.-Morocco Free Trade Agreement will build on bilateral work begun in 1995 under the U.S.-Morocco Trade and Investment Framework Agreement. .

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