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Morocco

Morocco

Negotiations for a Deep and Comprehensive Free Trade Area (DCFTA) between the EU and Morocco were launched on 1st March 2013. The first round of negotiation started on 22 April 2013 in Rabat. This DCFTA will extend significantly beyond the scope of the existing Association Agreement to include trade in services, government procurement, competition, intellectual property rights, investment protection and the gradual integration of the Moroccan economy into the EU single market, for example in areas like industrial standards and technical regulations or sanitary and phytosanitary measures.

The main objective of the DCFTA is to bring Moroccan legislation closer to EU legislation in trade-related areas. The current framework for EU-Morocco trade relations is the Association Agreement between the EU and Morocco which entered into force 1st March 2000, and provided for a Free Trade Area.

In addition, an EU-Morocco Agreement on agricultural, processed agricultural and fisheries products entered into force 1st October 2012.

A protocol on Dispute Settlement Mechanism has been signed and ratified.

Trade picture

  • The EU is Morocco's first trading partner with total trade amounting to approximately €24 billion in 2012. The most important sector is machinery and transport equipment
  • EU imports from Morocco'are dominated by three main areas: machinery and transport equipment, agricultural products, and clothing.
  • EU exports to Morocco are dominated by machinery and transport equipment, fuels and chemicals.

EU-Morocco "trade in goods" statistics

Trade in goods 2011-2013, € billions
Year EU imports EU exports Balance
2011 8.9 15.4 6.5
2012 9.3 16.9 7.6
2013 10.1 17.3 7.3

EU-Morocco "trade in services" statistics

Trade in services 2010-2012, € billions
Year EU imports EU exports Balance
2010 4.2 2.8 -1.4
2011 4.2 3.3 -0.9
2012 4.0 3.0 -0.9

Foreign direct investment

Foreign direct investment 2012, € billions
Year Inward stocks Outward stocks Balance
2012 0.8 15.0 14.2

More statistics on Morocco

EU and Morocco

On 14th December 2011, the Council adopted negotiating directives for Deep and Comprehensive Free Trade Areas (DCFTAs) with Egypt, Jordan, Morocco and Tunisia.

Morocco and Euromed

Morocco is one of the partners of the Euro-Mediterranean Partnership (Euromed) that promotes economic integration and democratic reform across 10 neighbours to the EU's south in North Africa and the Middle East. One important part of this work is to achieve mutually satisfactory trading terms for the Euromed region partners.

Morocco is part of the Agadir Agreement with Egypt, Jordan and Tunisia. All parties committed to removing all tariffs on trade between them and to harmonize their legislation with regard to standards and customs procedures.

Morocco was the first Mediterranean country to have adopted the Pan-Euro-Mediterranean system of cumulation of origin in December 2005. The system makes it simpler to import products manufactured in more than one country throughout the Mediterranean basin and has generated new opportunities for economic operators in Morocco, notably in the textile sector. It is also an important spur for further regional economic integration in the whole Mediterranean area. Following the signature of the single regional convention on Pan-Euro-Mediterranean rules of origin on 1 June 2011, rules of origin are under revision in order to simplify and adapt them to technological changes

More information on Euromed

Trading with Morocco