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Morocco

Morocco

Negotiations for a Deep and Comprehensive Free Trade Area (DCFTA) between the EU and Morocco were launched on 1 March 2013. Four negotiating rounds have taken place so far, the most recent in April 2014.

A Sustainability Impact Assessment on a DCFTA was carried out by an independent contractor in 2013.

The DCFTA will build on the existing Free Trade Area created under the EU-Morocco Association Agreement which entered into force in 2000.  It will bring in issues not presently covered such as trade in services and investment.  The DCFTA will provide new trade and investment opportunities and support a closer integration of Morocco into the EU single market. It will also support economic reforms in Morocco and bring its legislation closer to that of the EU in trade-related areas.  

Trade picture

  • The EU is Morocco's largest trading partner, accounting for 55.7% of its trade in 2015.  61% of Morocco's exports went to the EU. Morocco is the EU’s 26th trading partner representing 0.9% of the EU’s total trade with the world.
  • Total trade in goods between the EU and Morocco in 2015 amounted to €30.6 billion.  The EU's imports from Morocco are dominated by machinery and transport equipment (35.7%), textiles and clothing (20.4%) and agricultural products (14.3%).  The EU's exports to Morocco are dominated by machinery and transport equipment (36.9%), followed by fuels, metals and minerals (20.5%) and textiles and clothing (8.7%).
  • Two-way trade in services amounted to €8.6 billion in 2014 with EU imports of services representing €5.1 billion and exports €3.5 billion.

EU-Morocco "trade in goods" statistics

Trade in goods 2013-2015, € billions
Year EU imports EU exports Balance
2013 10.0 17.3 7.2
2014 11.1 18.2 7.1
2015 12.5 18.2 5.7

EU-Morocco "trade in services" statistics

Trade in services 2012-2014, € billions
Year EU imports EU exports Balance
2012 4.5 3.3 -1.3
2013 4.5 3.1 -1.4
2014 5.1 3.5 -1.6

Foreign direct investment

Foreign direct investment 2014, € billions
Year Inward stocks Outward stocks Balance
2014 1.2 14.5 13.3

Date of retrieval: 14/04/2016

More statistics on Morocco

EU and Morocco

Under their Association Agreement which entered into force in March 2000, the EU and Morocco established a Free Trade Area liberalising two-way trade in goods. They have developed the FTA further through an agreement on trade in agricultural, agro-food and fisheries products and a protocol establishing a bilateral dispute settlement mechanism, both of which entered into force in 2012.

The Free Trade Area established under the EU-Morocco Association Agreement provides for:

  • tariff-free two-way trade of industrial products, together with a selective liberalisation of trade in agricultural, agro-food and fisheries products
  • rules and disciplines on non-tariff based trade measures
  • a general right to establish businesses and provide services in the other territory
  • current payments and capital movements
  • common rules on competition and intellectual property

The EU and Morocco concluded negotiations for an Agreement on Geographical Indications in January 2015:  respective procedures for adopting this Agreement are now underway.

Morocco and Euromed

Morocco is a partner of the Euro-Mediterranean Partnership (Euromed). This initiative includes working towards improvements in trade and investment for the EU's partners in the Euromed region.

The EU's European Neighbourhood Policy offers its neighbours a privileged relationship, building upon a mutual commitment to common values including democracy, human rights, market economy principles and sustainable development.

More information on the Euro-Mediterranean partnership

Pan-Euro-Mediterranean cumulation and the PEM Convention

Morocco adopted the Pan-Euro-Mediterranean system of cumulation of origin in December 2005. This is based on a network of Free Trade Agreements (FTAs) across Europe and the Mediterranean and aims to promote regional integration through a common system of rules of origin.

Cumulation of origin means a product of one participant can be processed or added to a product of a second participant and still be considered an originating product for the purposes of a trade agreement.

Participants are now negotiating in the Regional Convention on pan-Euro-Mediterranean preferential rules of origin to update the rules of origin used in the PEM zone. Morocco signed the Regional Convention in April 2012: its domestic ratification procedures are still ongoing.

More information on pan-Euro-Mediterranean preferential Rules of Origin

Trading with Morocco