Search results
Results from the WOW.Com Content Network
Morocco's FTA with the EU, which was signed in 1996, entered into force in 2000 and is being incrementally implemented with the aim of creating an EU-Morocco free trade zone by 2012, noting that the abolition of tariffs on industrial goods has been a boom for Moroccan manufacturers as some 75% of Morocco's exports go to Europe.
Morocco was a center of the Trans-Saharan slave trade route of enslaved Black Africans from sub-Saharan Africa until the 20th century, as well as a center of the Barbary slave trade of Europeans captured by the Barbary pirates until the 19th century. The open slave trade was finally suppressed in Morocco in the 1920s.
The US-Morocco Free Trade Agreement (or Morocco FTA) is a bilateral trade agreement between the United States and Morocco.The agreement was signed on June 15, 2004, followed by U.S. President George W. Bush's signing of the USMFTA Implementation Act on August 17, 2004. [1]
The economy of Morocco is considered relatively liberal, governed by the law of supply and demand. Since 1993, in line with many Western world changes, Morocco has followed a policy of privatisation. [19] Morocco has become a major player in African economic affairs, [20] and is the 6th largest African economy by GDP (PPP).
Morocco's relationships vary greatly between African, Arab, United States, United Kingdom, Australia, and Western states. Morocco has had strong ties with the West in order to gain economic and political benefits. [1] France and Spain remain the primary trade partners, as well as the primary creditors and foreign investors in Morocco.
Casablanca is the industrial center of Morocco, with more than half of the country's factories, investment and commerce operations. Half of all of Morocco's commercial banking transactions occur in Casablanca. Casablanca's phosphate exporting industry is one of the main global ports and the administrative center for its trade.
By mid-century, Morocco was in a monetary crisis caused by the decline in value of its currency. [2]: 32 Traditionally, the monetary system in Morocco consisted of a golden mithqal (مثقال), divided into ten uqiyyahs (أوقية), each of which was divided into four muzunas (موزونة), each of which was divided into 48 copper or bronze fils (فِلس).
The Moroccan Workers' Union (UMT for Union marocaine du travail) is the oldest national trade union center in Morocco.It was formed in 1955 by Mahjoub Ben Seddik [].With a membership of more than 306,000, UMT represents workers in both the private and public sectors of the economy.