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US and Morocco conclude free trade agreement.
(From MENA Business Reports)
Morocco and the United States concluded a free-trade agreement (FTA) yesterday designed to remove tariff barriers and open markets to industries, farmers and consumers in both countries.
The agreement is the second the United States has reached with an Arab country; the first with Jordan in 2001. It is a major step in US President George Bush's plan to promote trade expansion and economic reforms in North Africa and the Middle East leading to a Middle East Free Trade Area within a decade.
"This agreement covers all agricultural products and will open Morocco's market to US farm products," said US Trade Representative …
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