Free Trade Agreements
In an effort to broaden the geographic scope of its exports, Morocco has signed free trade arrangements with members of the Maghreb Arab Union (UMA). However, for all practical purposes, the UMA is dormant and regional economic integration has stalled. A free trade arrangement has also been established with Saudi Arabia. Import tax (PFI) and TVA are applied in these agreements.
Since 1976, Moroccan industrial products have been exported to the EU duty-free and without quantitative restrictions. Several agricultural or agri-business products are subject to quotas or seasonal restrictions. Tariff reductions went into effect in March 2000 with the result that tariffs will be phased out completely on EU industrial goods, and substantially on raw materials by 2012
Morocco has been a WTO member since 1 January 1995.