Rabat-expects an necessary industrial mission of the USA. UU. Go to Morocco in Might of this yr, to spice up cooperation between the 2 international locations of the agricultural export sector.
The Moroccan ambassador to the US, Youssef Amrani, introduced the information in his X.
“Greater than 15 US states, along with federal businesses, lead this mission, whose goal is to enhance agricultural export alternatives and underline the shared dedication to deepen industrial and funding ties with the dominion.” saying.
The Moroccan authorities considers agricultural agricultural ones as a key sector that It contributes to the nation’s financial system.
The sector generates greater than $ 17 billion in annual revenues and creates greater than 161,000 jobs.
In line with the Ministry of the Moroccan trade, the agri -food sector is a key taxpayer to the financial system of Morocco, which makes use of 21% of the economic drive.
It additionally contributes 24% of the economic added worth, producing 23% of trade billing.
“The agri -food trade is a extremely diversified sector with actions that meet the wants of Moroccan shoppers and supply a variety of meals merchandise,” stated the ministry, and identified that the sector covers phases from the preliminary processing of agricultural and fishing merchandise till their full transformation.
The sector can be engaging to direct international funding, the Ministry famous.
Morocco and the US share good diplomatic ties, that are additionally mirrored in different sectors resembling agriculture.
Morocco and the US signed the FTA on June 15, 2004. It was not till January 1, 2006 that the settlement entered into drive.
Just one yr earlier than the implementation of the settlement, the US commerce was valued at round $ 35 million. Since then, the excess has elevated to $ three.four billion by 2024.
The exports of US items to Morocco in 2024 reached a price of $ 5.three billion, which represents a rise of 37.three% in comparison with the earlier yr.
This makes Morocco the 46th largest export marketplace for US items.
As well as, American imports from Morocco reached $ 1.9 billion, representing a 12.three% enhance since 2023.