(b) each Contracting Party shall, at any time after the entry into force of this Agreement, conclude an Agreement establishing a rule of origin for such products which derogates from the rule of origin provided for in this Agreement. Compensation: any condition or obligation that requires the use of domestic content, domestic suppliers, technology licensing, technology transfer, investment, counter-trade or similar measures to promote local development or improve a Party`s balance of payments; The benefits that the USMFTA brings to the Moroccan government, the economy, and consumers are access to a vast and rich U.S. market. With an influx of U.S. direct investment, they will be able to build much-needed infrastructure. Business expansion with the United States also “expands and diversifies” trade options for Morocco and opens up opportunities for technology transfer and “business know-how.” ==References=====External links===Companies decide to open factories in Morocco, which will create employment opportunities and promote domestic employment. Each Party shall grant duty-free access to commercial samples of low-value promotional material and low-value printed material imported from the territory of the other Party, regardless of their origin, but may require that: 5. Paragraphs 1 and 2 shall not apply to measures to comply with customs duties or other charges of any kind levied on or in connection with imports; the manner in which such duties or taxes are collected, other import rules, including restrictions and formalities, or measures affecting trade in services, with the exception of measures governing covered government procurement. 6. The importing Party shall grant the exporting Party a mutually agreed trade liberalization agreement in the form of concessions having substantially equivalent trade effects or up to the value of the additional duties that may result from the safeguard measure. Such concessions shall be limited to textiles and clothing, unless the parties agree otherwise.
If the Parties are unable to agree on compensation, the exporting Party may suspend tariff concessions under this Agreement that have trade effects substantially equivalent to the trade effects of the safeguard measures. Such customs measures may be taken against all goods of the exporting Party. The exporting Party shall apply the customs action only for the minimum period necessary to obtain substantially equivalent trade effects. The obligation of importing Parties to provide trade compensation and the right of exporting Parties to take customs measures shall terminate upon the expiry of the safeguard measures. 1. The Parties share the objective of the multilateral elimination of agricultural export subsidies and work together to conclude an agreement within the WTO with a view to eliminating such subsidies and preventing their reintroduction in any form. If the Parties are unable to agree on compensation within 30 days of the date on which the Party announces its decision to apply the measure, the other Party may adopt customs measures with trade effects substantially equivalent to the safeguard measure. The Party shall apply the measure only for the minimum period necessary to achieve substantially equivalent effects and, in any event, only during the application of the safeguard measure. 4. Where a Party rejects a request by the other Party to open negotiations or concludes an agreement to facilitate the recognition in its territory of the results of conformity assessment procedures carried out by bodies in the territory of the other Party, it shall, at the request of the other Party, explain the reasons for its decision.
In 2005, Morocco ranked 89th among U.S. commercial importers and 79th among U.S. exporters in U.S. dollar terms. This equates to U.S. trade with Morocco of less than 0.1% of its total imports and exports. In 2003, Morocco exported about 2.9% of its total exports to the United States, while it imported about 4.1% of its total imports from the United States. These figures show that U.S. trade with Morocco is almost zero compared to Morocco`s trade with the U.S. Therefore, the USMFTA could have a much greater impact on the Moroccan government. 2.
Where a Party recognizes, independently or by agreement or arrangement, training or experience, requirements, or licenses or certifications issued in the territory of a Non-Party, Article 11, paragraph 3, shall not be construed as requiring the Party to grant such recognition of training or experience acquired in the territory of the other Party, requirements met or requirements fulfilled in the territory of the other Party. Grant licences or certifications granted to the Contracting Party. The Parties shall intensify their joint work in the field of standards, technical regulations and conformity assessment procedures in order to facilitate access to the markets of the other Parties. In particular, the Parties shall endeavour to identify bilateral trade promotion initiatives on standards, technical regulations and conformity assessment procedures that are appropriate for specific issues or sectors. Such initiatives may include regulatory cooperation, such as alignment with international standards and the use of accreditation to qualify conformity assessment bodies. 1. Each Party shall permit all transfers relating to a covered investment to and from its territory freely and without delay. These transfers include: The Parties shall work jointly on the development of an Agreement on State Export Trading Enterprises at the WTO, which: This Section applies to measures adopted or maintained by a Party with respect to trade in agricultural products.
8. An importing Party, through its competent authorities, shall require an importer benefiting from duty relief for clothing listed in Annex 4-B originating from a declaration to the competent authorities on entry that he is entitled to duty-free treatment in accordance with paragraphs 7 and 4-B. .
