Said El Mansour Cherkaoui – Email: saidcherkaoui@triconsultingkyoto.com
Good Day U.S. and Moroccan Fellows
It is with immense personal pride and a professional sense of dignity to be able in a lifetime to receive representatives of the Country of my birth and growth and my own ancestral family: the Kingdom of Morocco and meet with its highly esteemed government representatives in Northern California of the United States of America, the territory of the birth and growth of my children, my present family.
Please find here the promised link for the registration followed by the announcement of the event that was published and received today 5/1/2024
if you have a network of contacts spread the news about this meeting with high-level Leaders, Decision-Makers, and Executive Calibers that you will meet and interact with at SILICON VALLEY in EAST PALO ALTO, Bay Area of San Francisco, Northern California, USA
Said El Mansour Cherkaoui – Email: saidcherkaoui@triconsultingkyoto.com
Event of the Cocktail Reception at 2050 UNIVERSITY AVENUE, EAST PALO ALTO, CALIFORNIA 94303 U.S.A. – PHONE: 1 (650) 566-1200 LOCATION CONTACT US
Dear Moroccan Professionals in the Sillicon Valley,
Only a few days left before the Cocktail dinner to be held in Palo-Alto, May 10th.
The cocktail hosted by high government officials promises to be a unique opportunity to get an in-depth insight into the investment landscape in Morocco and build an efficient network with decision makers in the Kingdom.
Free Trade Agreement and Evolution of Trade: The United States of America and the Kingdom of Morocco
In 2022, U.S. goods exports to Morocco were $3.7 billion, up 33.3 percent from 2021. U.S. goods imports from Morocco totaled $1.7 billion in 2022, up 33.3 percent from 2021. The United States had a trade surplus with Morocco in 2021 of approximately $1.5 billion.
The FTA eliminates tariffs on more than 95 percent of qualifying consumer and industrial goods. The Government of Morocco plans to phase out tariffs for some products through 2030.
The three leading exports from Morocco are:
- Agricultural produce (citrus fruits and market vegetables)
- Semi-processed goods and consumer goods (including textiles)
- Phosphates and phosphate products
Major imports to Morocco are:
- Semimanufactures and industrial equipment
- Crude oil
- Food commodities
Morocco’s trade-to-GDP ratio for 2022 was 98.65%, a 23.7% increase from 2021.
U.S. goods and services trade with Morocco totaled an estimated $6.8 billion in 2022. Exports were $4.5 billion; imports were $2.3 billion. The U.S. goods and services trade surplus with Morocco was $2.1 billion in 2022.
U.S. goods exports to Morocco in 2022 were $3.7 billion, up 33.3 percent ($928 million) from 2021 and up 71 percent from 2012. U.S. goods imports from Morocco totaled $1.7 billion in 2022, up 33.3 percent ($423 million) from 2021, and up 82 percent from 2012. The U.S. goods trade surplus with Morocco was $2.0 billion in 2022, a 33.3 percent increase ($505 million) over 2021.
U.S. exports of services to Morocco were an estimated $734 million in 2022, 47.1 percent ($235 million) more than 2021, and 29 percent greater than 2012 levels. U.S. imports of services from Morocco were an estimated $636 million in 2022, 58.2 percent ($234 million) more than in 2021, and 50 percent greater than 2012 levels. Leading services exports from the U.S. to Morocco were in the travel, financial services, and transportation sectors. The United States had a services trade surplus of an estimated $98 million with Morocco in 2022, up 1.0 percent from 2021.
U.S. foreign direct investment (FDI) in Morocco (stock) was $379 million in 2022, a 1.6 percent decrease from 2021.
Said El Mansour Cherkaoui – Email: saidcherkaoui@triconsultingkyoto.com
Invest Morocco
TRI CONSULTING KYOTO – TRI CK USA supports you in your trade and investment projects, whatever their form: Export, Import, Business Representation, Translation and Negotiation New sites, extensions, industrial or technological partnerships, acquisitions or financial investments Morocco’s Favorite Destination for International Investment BE SMART : CHOOSE MOROCCO ! Here is an overview of Morocco’s investment … Continue reading
