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

Author

Listed:
  • Sadni Jallab, Mustapha

    (United Nations Economic Commission for Africa)

  • Abdelmalki, Lahsen

    (University of Lyon)

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.

Suggested Citation

  • Sadni Jallab, Mustapha & Abdelmalki, Lahsen, 2007. "The Free Trade Agreement Between the United States and Morocco: The Importance of a Gradual and Assymetric Agreement," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 22, pages 852-887.
    • Handle: RePEc:ris:integr:0417
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    References listed on IDEAS

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    Cited by:

    1. Malki, Mostafa & Thompson, Henry, 2014. "Morocco and the US Free Trade Agreement: A specific factors model with unemployment and energy imports," Economic Modelling, Elsevier, vol. 40(C), pages 269-274.
    2. Mouna Cherkaoui & Ayache Khellaf & Abdelaziz Nihou, 2011. "The Price Effect of Tariff Liberalization in Morocco: Measuring the Impact on Household Welfare," Working Papers 637, Economic Research Forum, revised 10 Jan 2011.
    3. Bao, Ha Cong Anh, 2016. "The panorama for Vietnam’s Timber Industry with Vietnam-EU Free Trade Agreement (EVFTA): Opportunities and challenges," Papers 979, World Trade Institute.
    4. Kore Marc Guei, 2019. "Does financial structure matter for economic growth: evidence from South Africa," Economics Bulletin, AccessEcon, vol. 39(3), pages 1941-1957.

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    More about this item

    Keywords

    Trade Policy; Liberalization; Free trade Agreement; Simulation; CGE Model; Morocco; and United-States;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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