The Free Trade Agreement Between the United States and Morocco: The Importance of a Gradual and Assymetric Agreement
AbstractThe 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.
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Bibliographic InfoArticle provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.
Volume (Year): 22 (2007)
Issue (Month): ()
Trade Policy; Liberalization; Free trade Agreement; Simulation; CGE Model; Morocco; and United-States;
Other versions of this item:
- Mustapha Sadni Jallab & Lahsen Abdelkmalki & René Sandretto, 2007. "The Free Trade Agreement Between the United States and Morocco. The Importance of a Gradual and Assymetric Agreement," Post-Print halshs-00359098, HAL.
- Lahsen Abdelkmalki & Mustapha Sadni Jallab & René Sandretto, 2007. "The Free Trade Agreement Between the United States and Morocco. The Importance of a Gradual and Assymetric Agreement," Post-Print halshs-00142503, HAL.
- Lahsen Abdelmalki & Mustapha Sadni-Jallab & René Sandretto, 2007. "The Free Trade Agreement Between the United States and Morocco. The Importance of a Gradual and Assymetric Agreement," Working Papers 0702, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
- 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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