The Free Trade Agreement Between the United States and Morocco: The Importance of a Gradual and Assymetric Agreement

Mustapha Sadni Jallab () and Lahsen Abdelmalki
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Lahsen Abdelmalki: University of Lyon

Journal of Economic Integration, 2007, vol. 22, 852-887

Abstract:

The agreement recently signed between Morocco and the United States foresees several modalities in dismantling tariffs. Our simulations show that the various modalities of trade liberalization may have different impacts on the welfare, the rate of growth and the sectoral trade balance of these two countries. More precisely, our findings justify the interest of a gradual and asymmetrical agreement. In addition, the free trade agreement (FTA) between the US and Morocco will have a significant impact not only on trade between the two countries, but also on their trading relationships with other countries. The most important trade diversion will affect the EU and particularly France, which is Morocco’s largest trading partner. It will also adversely affect the other North African countries. The FTA will thus offer the opportunity to Morocco to diversifyits markets and its capabilities, which are currently focused on the EU, particularly on France and Spain.

Keywords: Trade Policy; Liberalization; Free trade Agreement; Simulation; CGE Model; Morocco; and United-States (search for similar items in EconPapers)
JEL-codes: C68 F13 F17 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (4)

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Related works:
Working Paper: The Free Trade Agreement Between the United States and Morocco. The Importance of a Gradual and Assymetric Agreement (2007)
Working Paper: The Free Trade Agreement Between the United States and Morocco. The Importance of a Gradual and Assymetric Agreement (2007)
Working Paper: The Free Trade Agreement Between the United States and Morocco. The Importance of a Gradual and Assymetric Agreement (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0417

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