Morocco-US Free Trade Agreement: An Assessment

Overview

Morocco continues to struggle with unemployment, faltering levels of competitiveness, and a lack of diversity in its economy. Despite efforts to improve trade-both at the border and within the country itself-shortcomings of the US-Morocco Free Trade Agreement (FTA) weaken its intended economic results. How has the implementation failed and what additional steps should the US and European Union take to boost Moroccan industries? In Capitalizing on the Morocco-US Free Trade Agreement, a stellar cast of authors ...
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Overview

Morocco continues to struggle with unemployment, faltering levels of competitiveness, and a lack of diversity in its economy. Despite efforts to improve trade-both at the border and within the country itself-shortcomings of the US-Morocco Free Trade Agreement (FTA) weaken its intended economic results. How has the implementation failed and what additional steps should the US and European Union take to boost Moroccan industries? In Capitalizing on the Morocco-US Free Trade Agreement, a stellar cast of authors recommends capitalizing upon underexploited elements of the agreement and ultimately offers a promising direction for new provisions.

With careful precision and thoroughness, this volume cites other countries' experiences with US FTAs as touchstones for retooling aspects of the Moroccan agreement. The study quantitatively and qualitatively analyzes the results of the US-Morocco FTA, which began in 2006, compared with the US FTAs with Chile and Jordan. The authors use a standard, gravity-model analysis of US two-way trade and determine if trade falls short of or exceeds predicted levels. Notably, this study looks at why Chile and Jordan perceived US FTAs as a boon to the economy and applies these success stories to Morocco's economic position.

Finally, the study focuses on sectors in which the agreement has worked successfully, namely agriculture and textile sectors, and examines other sectors in which the outcome is still unclear: services and intellectual property. Based upon the substantive framework of these case studies, the authors suggest reforms that the Moroccan government can enforce to leverage a valuable US-Morocco Free Trade Agreement.
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Product Details

  • ISBN-13: 9780881324334
  • Publisher: Peterson Institute for International Economics
  • Publication date: 8/1/2009
  • Edition description: New
  • Pages: 112
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.70 (d)

Table of Contents

1 Overview Claire Brunel Brunel, Claire 1

2 Morocco's Economic Performance under the FTA Dean A. DeRosa DeRosa, Dean A. 23

3 Agriculture: A First Evaluation with No Surprises mar Aloui Aloui, mar 63 0

4 Moroccan Textile and Apparel Exports: An Evaluation Hassan Benabderrazik Benabderrazik, Hassan 79

5 Services Sector Hassan Benabderrazik Benabderrazik, Hassan 113

6 Aviation Jawad Rachami Rachami, Jawad 129

7 Intellectual Property Rights Omar Aloui Aloui, Omar 147

8 Lessons from the Jordan-US FTA Riad al Khouri Khouri, Riad al 163

9 Chile-US Free Trade Agreement: A Model to Follow? Barbara Kotschwar Kotschwar, Barbara 183

10 Morocco-EU Trade Relations Claire Brunel Brunel, Claire 221

11 Conclusion and Recommendations Gary Clyde Hufbauer Hufbauer, Gary Clyde Claire Brunel Brunel, Claire 237

Abbreviations 247

Index 255

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