MEPs praised Morocco for its balanced economic and social development since 2009 and noted that trade reforms had contributed significantly to this performance. Morocco is currently one of the world`s leading exporters of automotive, tourism and horticultural products. Recent legislative and institutional reforms have focused on technical standards and regulations, the establishment of the new food and food health agency, and electronic access to public procurement. Questions were asked about the functioning of the Competition Council and national preferences for public procurement and the new Public-Private Partnership Act. MEPs asked whether the amendments to the new Foreign Trade Bill would preserve the opening of internal markets. 4. If a party refuses to initiate an application from the other party or enters into an agreement to facilitate the recognition on its territory of the results of the compliance assessment procedures implemented by entities in the other territory of the treaty, it specifies, at the request of the other party, the reasons for its decision. Morocco was the first country in the region to enter bilateral TFA. U.S. Trade Representative Michael Froman, a signatory to the TFA, said the agreement « will facilitate and make business activities easier and more transparent for U.S. and Moroccan companies. » In April 2014, the U.S. Commerce Department announced plans to increase its offices in Morocco and other African countries to help U.S. companies looking for investment and trade opportunities in Morocco.
Economic relations between the United States and Morocco have increased considerably since our bilateral free trade agreement came into force in 2006. Overall, trade between the United States and Morocco increased by more than 300%, with U.S. exports more than doubling by more than 350% and Moroccan exports to the United States. Foreign direct investment from the United States to Morocco quadrupled over the same period to US$613 million in 2012.