|Official Name||Kingdom of Morocco|
|Location||Northern Africa, bordering the North Atlantic Ocean and the Mediterranean Sea, between Algeria and Western Sahara|
|Area||total: 446,550 sq km land: 446,300 sq km water: 250 sq km|
|Climate||Mediterranean, becoming more extreme in the interior|
|Terrain||northern coast and interior are mountainous with large areas of bordering plateaus, intermontane valleys, and rich coastal plains|
It defines the progressive instauration of a free trade zone, implying the lifting of customs duties and tariffs barriers. It covers trade in industrial products as well as in processed agricultural products and fish and other marine products. The agreement is asymmetric in favour of Morocco: while the EFTA States have eliminated all duties and other restrictions for products upon entry into force, Morocco will abolish its duties gradually, over a transition period of 12 years. The transitional period for customs dismantling will end on March 1st, 2012. In addition, bilateral agricultural agreements between the individual EFTA countries and Morocco have been concluded which form part of the instruments creating the free trade area. Among the objectives of the Agreement is the progressive liberalisation of trade in goods in conformity with Article XXIV of the GATT. As of March 1st, 2012 virtually all customs duties on trade in industrial goods and fish and other marine products will be eliminated.
The agreement will allow Morocco and Turkey to gradually create a Free Trade Area (FTA). The agreement also includes provisions on technical regulations, sanitary and phytosanitary measures, safeguards, antidumping, servicesand investments, state monopolies, state aid, competition, intellectual property rights, public procurement and rules of origin, etc.
The Agreement entered into force on January 1, 2006. At that time, tariffs for more than 95 percent of qualifying consumer and industrial goods were immediately eliminated. Remaining tariffs for most remaining qualifying goods will be eliminated over a nine-year period from the date the Agreement entered into force. For a limited number of products, tariffs will be eliminated over a period of up to 15 years. Currently U.S. exports to Morocco are subject to an average tariff of over 20 percent.The agreement also offers new access to services, intellectual property protection, a predictable legal framework for U.S. investors, open and fair government procurement, and strong protections for labor and environment.
Formed with the idea in mind to accelerate the process of integrating the continent to enable it to play its role in the global economy, while addressing multifacted social, economic and political problems that are compounded by negative aspects of globalization.
AMU is a pillar of the AEC. It is a Pan-Arab trade that aims for economic and political unity in North Africa.
CEN-SAD is a Regional Economic community of the Organization of African Unity. The organization looks to implementing a community that comprises of sustained socio-economic development. CEN-SAD looks to free movement of persons, capitals and interests of nationals of members. Right of establishment, ownership and exercise of economic activity. Last, free trade and movement of goods, commodities and services from members.