Canada Morocco Free Trade Agreement

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    Low-visible trade advantages A pattern very similar to Morocco`s – Canada`s trade activity in Morocco is diversified and focuses on trade and investment; partnering with educational institutions; and to create franchises and other global value chain activities. In 2018, Morocco was Canada`s 54th largest bilateral trading partner and Canada`s fourth largest bilateral trading partner in Africa. Morocco offers Canada trade opportunities of interest to Canada in the following sectors: infrastructure, mining, clean technology, defence and security, agriculture, aerospace and education. In 2018, our bilateral trade exceeded 907.3.0 million $US, up 10.9% since 2017. Among the main drivers of the Moroccan economy are agriculture, tourism and mining (phosphates). An emerging high-end manufacturing sector (aerospace, automotive) is also present in the country. Morocco is one of the priority countries mentioned in Canada`s international education strategy. In 2009, bilateral merchandise trade with Morocco amounted to $513 million. Imports from Morocco totalled $138 million, mainly consisting of mandarins, nuts, textile clothing, electrical machinery and footwear.

    Canadian exports to Morocco totalled $375 million, mainly durum wheat, mineral fuels and oils, vehicles, pulses and pharmaceuticals. If Morocco signs the free trade agreement with Canada, it will become the first African country to conclude a free trade agreement with Canada; it will also strengthen its already extensive list of preferential free trade agreements. 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 areas in the world. In theory, there is plenty of room for Moroccan products, including fresh or dry citrus fruits, textile items, shoes, and leather goods. It is the bread and butter of our exports to Canada. But there is no reason to put wool on our eyes: in 2012, bilateral merchandise trade amounted to $522.6 million. Canadian merchandise exports to Morocco totalled $US 368.5 million in 2012. Canada`s top exports to Morocco in 2012 included wheat (mainly durum wheat, which accounted for 57.1% of Canadian exports to Morocco) as well as mineral fuels.

    Canada`s merchandise imports from Morocco totalled 154.1 million $US in 2012. Among the main imports were edible fruits (mainly citrus fruits), mineral products (mainly fluorspar and calcium phosphate), woven clothing and fertilizers. The North American Free Trade Agreement between Canada, the United States and Mexico entered into force on January 1, 1994 and created the world`s largest free trade region by GDP. .