USMarocTrade

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Today our manager, Rachid Eddamen, built a collaboration with Jean AbiNader at www.moroccanamericantrade.com!

http://www.moroccanamericantrade.com/

Moroccan-US trade has risen to $2.3 billion in 2007 from the $1.4 billion since the enforcement of the free trade agreement signed between the 2 countries in 2006, former Moroccan Minister of Trade and Economy Salaheddine Mezouar said in 2007. Mezouar pointed out that Moroccan clothing exports to the USA had increased by 122% in 2006 while perfume sales had grown by 41%, also noting that US investment in Morocco exceeded $1.5 billion, mainly in tourism and clothing. In 2006, Moroccan-US trade was up 44% over 2005. Moroccan exports to the US netted $521.2 million while American exports to Morocco reached $875.5 million, up 67% from 2005. According to the FTA agreement, Morocco can export to the US a duty-free quota of 15 million square meters of finished goods and 500 tonnes of thread and materials made from fibres and cotton from less developed Sub-Saharan African countries. Morocco is looking to expand its textile markets outside the EU due to strong competition after the EU abolished quotas for Asian textiles in January 2005. Moroccan exports to the US rose by 25% in 2007, and noted that trade has been facilitated and promoted by the FTA between the 2 countries. The establishment of a direct merchant maritime line between Tangier and ports on the US East coast would be an essential step to taking trade to the next leve

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