Morocco the gateway to US investment in sub-Saharan - TopicsExpress

Morocco the gateway to US investment in sub-Saharan Africa: Morocco can serve as a launch pad for United States investors wishing to operate in sub-Saharan Africa it was announced on Friday, according to an article in The North Africa Post. The daily newspaper noted that the statement was repeated by several US and Moroccan officials and economic operators who were attending the second US-Morocco business development conference held in Rabat. The attendees have all stressed that the North African country could be a hub from which US companies could easily reach Africa and underlined the opportunities offered by the Moroccan-American Free Trade Agreement (FTA) implemented since 2006. According to The Post, this FTA has been described by the US State Department as “one of the United States’ most comprehensive free trade agreements” which eliminated tariffs on 95 percent of traded goods and bolstered trade and investment between the two countries, resulting in two-way trade valued at $3.79 billion in 2011.

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