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On November 21, 2013, the Office of the US Trade Representative (USTR) announced that USTR Michael Froman and Moroccan Minister of Economy and Finance Mohamed Boussaid signed a Trade Facilitation Agreement that represents a forward-leaning, 21st century agreement on modernizing customs practices. The agreement, which builds on the United States-Morocco Free Trade Agreement (FTA), includes provisions covering internet publication, transit, transparency with respect to penalties, and other issues that will further boost Morocco’s competitiveness and benefit its trade environment. Morocco is the first country in the region to conclude a bilateral trade facilitation agreement, as well as to endorse joint principles on investment and information communication technology services trade with the United States. These important initiatives reflect the US and Morocco’s joint commitment to building stronger economic ties with and among the region. |
