Morocco and the United States of America are preparing in the coming days to review the free trade agreement that binds them to allow products from the southern regions of the Kingdom to legally reach the American market.
Indeed, the two historic partners have agreed to readjust the free trade agreement, which entered into force in 2006. It should be noted that Morocco remains the only African country to have a free trade agreement with the United States. The value of exports between the two countries has increased fivefold since the entry into force of this agreement, and the pace of trade between them is expected to develop in an unprecedented manner after the investments announced by Washington in Morocco.
US Assistant Secretary of State for Middle East and North Africa Affairs David Schenker stressed during his visit to Dakhla that the relationship between the United States and Morocco “has always been strong and continues to thrive, and that our best years together are yet to come ”.
The American Company for International Development Finance, which has decided to open a branch in Dakhla, will play an important role in enhancing the attractiveness of products from the southern regions of the Kingdom to Uncle Sam’s market.
The volume of investments announced by the American company for the financing of international development in Morocco and in the region amounts to 5 billion dollars. This mechanism aims to strengthen the role of the Kingdom as an economic power and platform for launching investments on the African continent.
Sunday, at the headquarters of the Wilaya of Dakhla Oued-Eddahab, the “Dakhla Connect.com” platform, dedicated to the promotion of investments and territorial marketing, was launched in the presence of David Schenker, Deputy Secretary of State in charge of Middle East and North Africa issues.
This platform, funded by the government of the United States of America, through the Near East Affairs office and through its branch “The Middle East Partnership InitiativeAims to build a bridge between businesses in the region and potential investors, customers and suppliers.
Products from the southern regions of the Kingdom of Morocco have always been the subject of political controversy in the corridors of the European Union due to pressure from the separatist Polisario Front. But the European Parliament dealt a blow to opponents of the Kingdom in January 2019 by voting in favor of the agricultural agreement between Morocco and the European Union which includes the Sahara.