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Free Trade Agreement Turkey Morocco

The two final agreements focus on strengthening Morocco`s presence in inter-African cooperation systems and strengthening its exchange of experiences with other continental actors in “these two important areas”. Morocco is linked to 56 countries through free trade agreements. Mohamed Yaouhi, an economics professor, told Arab Weekly that Morocco was suffering from fraudulent activities by Turkish companies exporting products from third countries. This has flooded the Moroccan market, since Turkey benefits from it, has been exported duty-free to Morocco as part of the free trade agreement between the two countries. Elalamy said that a comprehensive study of all Morocco`s free trade agreements was in deficit in trade with three main partners, namely Europe, the United States and Turkey. The agreement with Turkey provides that the Joint Committee for Turkey-Morocco will meet three months before the expiry date of the first five-year period to assess whether it is necessary to renew the agreement for a new five-year period. Yaouhi pointed out that free trade agreements with a group of countries or business associations, including Turkey, have suffered heavy losses due to the lack of competition in the national economy and the dependence of Moroccan companies on the ISO protectionist roof, including tariffs, import licences and a range of protectionist measures. The adoption of the law on the free trade agreement between Morocco and Turkey comes a week after the Governing Council approved an amendment to the free trade agreement between the two countries. Yaouhi believes that the new draft agreement is intended to protect emerging industries and enable them to adapt to market conditions and gain strength before facing potential competitors, indicating that tariffs alone will not protect emerging industries that would continue to need support. The agreement has caused controversy in Morocco. The North African country`s trade balance with Turkey has been largely in deficit since 2006. The agreement also provides that the Moroccan side will not impose further tariffs on imports of Turkish origin, with the exception of Articles 18 and 19 of the free trade agreement between the two countries. For this reason, the amended agreement, approved by the Moroccan government, stipulates that the total value of imports of products subject to these measures must not exceed 15% of the total imports of industrial products of the other party.