Canada Morocco Trade Agreement

The governments of Quebec and Morocco have signed bilateral agreements in areas as diverse as culture, higher education, the environment, vocational training and job promotion, mining and geological mapping, modernization of central administration, strengthening governance systems and social security. The first Quebec-Morocco tender will be launched in the near future. Pharmaceutical manufacturers are also affected by the future agreement. Morocco`s fourth import from Canada is medicine. Morocco-Canada Free Trade Agreement – Investments at the Price of the Trade Deficit Another very sensitive issue for Anglo-Saxons is intellectual and commercial property. This will certainly have a prominent place in the provisions of the treaty. On the other hand, if we take a purely commercial approach that takes into account the asymmetry between our two economies, Canada will certainly earn more than Morocco. According to the latest foreign trade statistics, our trade deficit with Canada was DH 2.5 billion in 2011. In this context, it is stressed that Morocco adheres to the approach of a “positive list” with a “meeting” clause. On the other hand, Canada proposes that all agricultural products be subject to a phased tariff reduction regime when the agreement comes into force.

In 2009, two-way merchandise trade with Morocco amounted to $513 million. Imports from Morocco amounted to $138 million, mainly tangerine oranges, nuts, textile clothing, electrical machinery and footwear. Canadian exports to Morocco totaled $375 million, mainly durum, mineral fuels and oils, vehicles, pulses and pharmaceuticals. Canada and Morocco have positive bilateral relations, including in the areas of trade, culture and the promotion of women`s rights, as well as as a joint effort to combat terrorism and violent extremism. Formal diplomatic relations were established in 1962 and 2017 for the 55th year of official bilateral relations. Canada is conducting exploratory discussions on bilateral or multilateral free trade agreements with the following countries and trading blocs, although formal negotiations have not yet begun:[7] In February 2014, the ministry received the rector of Mohammed V-Agdal University in Rabat, Wail Benjelloun, and the Dean of the Faculty of Science, Saaed Amzazi. During their visit, an agreement was signed with the University of Montreal. In 2012, two-way merchandise trade totaled $522.6 million. Canadian merchandise exports to Morocco totaled $368.5 million in 2012. Canada`s first exports to Morocco in 2012 included wheat (mainly durum, accounting for 57.1% of Canada`s exports to Morocco) and mineral fuels.

Canadian merchandise imports from Morocco totaled $154.1 million in 2012. Major imports included edible fruits (mainly citrus fruits), mineral products (mainly fluorine spath and calcium phosphate), woven clothing and fertilizers. The free trade agreements signed by Morocco are multiplying and the country does not seem to want to limit itself to its current list of free trade agreements. After the European Union, the Arab nations, the United States, Turkey… Now it`s Canada`s turn, the world`s 13th largest importer. Canada, the United States and Mexico are all parties to NAFTA, one of the most dynamic free trade zones in the world. In theory, there is plenty of room for Moroccan products, including fresh or dry citrus fruits, textile products, shoes and leather goods. These are the breads and butter of our exports to Canada. But there is no need to look at wool: an agreement on the promotion and protection of foreign investment (FIPA) is an agreement to encourage foreign investment. Morocco has entered into an association agreement with the European Union (EU) which came into force in March 2000 and foresees a total reduction in tariffs by 2012. In March 2004, Morocco signed a

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