Jan 22, 2024
From Saint Paul to Sidi Beliout: Minnesota officials in Morocco for trade mission
(St. Paul, MN) — Representatives of the Minnesota agriculture industry are in Morocco this week to discuss trade opportunities. State Agriculture Commissioner Thom Petersen is leading a delegation of state officials and agriculture leaders on a six-day to the African country. The group will tour Moroccan food and agriculture businesses and explore ways to expand Minnesota’s exports to that country. The state exported over 13-million dollars in agricultural products to Morocco in 2022.
The United States and Morocco have a Free Trade Agreement (FTA) that includes provisions for agriculture. The US exports the following agricultural products to Morocco:
- Feed grains, such as corn, DDGS, soybeans, and soybean meal
- Tree nuts
- Pulses
- Live animals
- Genetics
- Animal fats
- Consumer products, such as dairy products, rice, beef, and poultry meat
Morocco Trade & Investment Summary
U.S. goods and services trade with Morocco totaled an estimated $6.8 billion in 2022. Exports were $4.5 billion; imports were $2.3 billion. The U.S. goods and services trade surplus with Morocco was $2.1 billion in 2022.
U.S. goods exports to Morocco in 2022 were $3.7 billion, up 33.3 percent ($928 million) from 2021 and up 71 percent from 2012. U.S. goods imports from Morocco totaled $1.7 billion in 2022, up 33.3 percent ($423 million) from 2021, and up 82 percent from 2012. The U.S. goods trade surplus with Morocco was $2.0 billion in 2022, a 33.3 percent increase ($505 million) over 2021.
U.S. exports of services to Morocco were an estimated $734 million in 2022, 47.1 percent ($235 million) more than 2021, and 29 percent greater than 2012 levels. U.S. imports of services from Morocco were an estimated $636 million in 2022, 58.2 percent ($234 million) more than 2021, and 50 percent greater than 2012 levels. Leading services exports from the U.S. to Morocco were in the travel, financial services, and transportation sectors. The United States had a services trade surplus of an estimated $98 million with Morocco in 2022, up 1.0 percent from 2021.
U.S. foreign direct investment (FDI) in Morocco (stock) was $379 million in 2022, a 1.6 percent decrease from 2021.
In 2020, the US exported $1.2 billion in agricultural products to Morocco, up from $35 million in 2005.
Morocco imports agricultural products from the US, including:
- Feed grains, such as corn and DDGS
- Soybeans, soybean meal, and soybean oil
- Tree nuts
- Pulses and rice
- Live animals and genetics
- Poultry
- Beef
- Dairy products
U.S.–Morocco Free Trade Agreement Agriculture Provisions
USTR
Morocco – Agricultural Sector
Jan 1, 2024
International Trade Administration
Morocco: Exporter Guide – USDA Foreign Agricultural Service
Dec 26, 2023
USDA Foreign Agricultural Service
FTA With Morocco Coupled With Long-Term Market …
Jul 7, 2022
U.S. Grains Council
What is the US economic relat
Morocco’s Free Trade Agreement (FTA) with the United States entered into force in 2006. This agreement is the only U.S. FTA on the continent of Africa. The U.S. – Morocco FTA is comprehensive and includes chapters detailing commitment on intellectual property rights, labor, and environmental protection.
Morocco has committed to make its business environment more transparent and open to international companies by providing companies with an efficient, legal framework and secure working environment. The U.S. and Moroccan governments have agreed to publish their current trade and investment laws, as well as any proposed legislation in advance. Bribery of any form is outlawed, whistle-blowers are granted protection, and U.S. companies enjoy the same rights as Moroccan companies when investing in the country.
United States Trade Representative
The FTA also works to uphold labor and environmental standards. The full text of the agreement can be viewed here:
http://ustr.gov/trade-agreements/free-trade-agreements/morocco-fta/final-text.
https://www.ustr.gov/search?q=Morocco
Said Cherkaoui 24 