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36
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Newsletter 01/24/13
Issue296 Vol.13 Number01
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LATEST RESOURCES FOR INTERNATIONAL TRADE PROFESSIONALS
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This issue is sponsored by:
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| The Best Marketplace for sourcing in Asia and China |
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OUR FEATURED COUNTRY: Morocco
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Last December, the United States and Morocco signed new agreements that should allow stimulation of international trade between the two countries. Among the main measures, we can list: The implementation of new, more transparent, customs standards especially electronic payment of customs duties, taxes and charges applied to products when they enter the market; The finalization of an agreement for the promotion of investments, with the assurance of the United States that they will continue their investments in Morocco (which exceeded 350 million USD in 2011) and the Moroccan government's commitment to maintain a political environment that promotes and encourages international investment, especially in the field of investor protection; A joint statement for the free flow of information in the field of ICT (Information and Communication Technology).
These new agreements are part of a Free Trade Agreement that came into force on January 1st 2006. Since the signing of this agreement, U.S. exports to Morocco increased by 336% and imports increased by 190%. The United States are currently Morocco’s 6th largest client (with a market share of 3,8% of Morocco’s total exports) and its 4th largest supplier (with a market share of 7% of Morocco’s total imports). The trade balance of the United States with Morocco in 2011 showed a surplus of 1.8 billion USD.
Under the Trade and Investment Partnership Initiative in the Middle East and North Africa, Morocco is seen as a key strategic partner for the United States. Indeed, the Moroccan economy is doing well, characterized by macroeconomic stability, coupled with low inflation and a relatively strong economic growth (+3% in 2012). Furthermore, implementation of social measures by the Moroccan government (for instance in favor of equality in the areas of access to education, health and housing) has allowed the country to avoid an increase in the popular protest movement that started in 2011.
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> View our complete country profile for Morocco
> Browse 88 more country profiles
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Advertorial:
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GLOBAL SOURCES
Facilitating Trade With China & Singapore
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Freshen your inventory with exciting new products at Global Sources!
Respond to new market demands in 2013. Search Global Sources Online for millions of hot products that will carry you through the year!
Not sure what products to source for your business in the New Year? Take a look at the 20 most popular product categories in your industry— based on the volume of searches and inquiries from the Global Sources website.
Now in its fifth decade of connecting suppliers with buyers, Global Sources is committed to helping buyers develop profitable relationships with reliable suppliers from China and throughout Asia. Go Global Sources Online today to learn more about how their products and services can help your business grow.
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| Partner |
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STANDARDS & CODES
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IMANOR
IMANOR, as the certifying body for management systems, manages and develops the national system of certification in accordance with international standards for companies and organizations in Morocco. |
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DOCUMENTATION
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ArabNet
Comprehensive online resource on the Arab world, primarily dealing with countries in the Middle East and North Africa. Covers Morocco, Algeria, Bahrain, Comoros, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, Syria, Tunisia, United Arab Emirates and Yemen.
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FIND QUALIFIED SERVICE PROVIDERS
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Maroc Mondial Export
What to do business in Morocco? Maroc Mondial Expert is an international export services company. We can help you find over 4,000 agents and distributors in Morocco. We also provide a range of consulting, logistic and investment services.
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Please note that our newsletter comes from the e-mail address newsletter@fita.org.
If your organization uses spam filters, or if you use a junk e-mail filter, please
set it to receive e-mails from newsletter@fita.org or the domain fita.org.
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