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EU Starts Free Trade Talks with Morocco


Moroccan Prime Minister Abdelilah Benkirane (R) speaks with European Commission President Jose Manuel Barroso during a meeting in Rabat on March 1, 2013.
Moroccan Prime Minister Abdelilah Benkirane (R) speaks with European Commission President Jose Manuel Barroso during a meeting in Rabat on March 1, 2013.
The European Union began talks with Morocco on a free-trade deal on Friday, the EU's first in a planned series aimed at deepening trade ties with North African nations two years after a wave of Arab uprisings.

"Just announced the launch of negotiations for a free-trade agreement with Morocco,'' European Commission President Jose Manuel Barroso said on his Twitter feed from Rabat.

The negotiations are the first part of a European strategy to draw North African neighbors closer to the 27-country EU.

Arab uprisings toppled Arab leaders in Tunisia, Egypt and Libya in 2011, but King Mohammed VI defused protests in Morocco by announcing constitutional changes and holding an election that brought an Islamist-led government to office.

The European Council, which represents the member states, approved the idea of deep and comprehensive free-trade agreements with Morocco, Jordan, Egypt and Tunisia in 2011.

Trade between the EU and Morocco amounted to roughly 24 billion euros of goods in 2011, and the EU is keen to open up trade in the services sector.

Morocco is the largest recipient of European neighborhood aid, money given to the EU's immediate periphery, with 580.5 million euros ($760 million) earmarked for 2011-2013, according to the European Commission.

"Smooth negotiations of the free-trade agreement are crucial because they serve as an example for other countries in the southern Mediterranean,'' said Marielle De Sarnez, a French member of the European Parliament. "This agreement will also allow in the long term greater regional integration for the Maghreb countries.''

Morocco's exports to the EU are mainly clothing, agricultural products and machinery.

The EU sold roughly 15 billion euros of goods to the North African country in 2011, with exports growing at roughly five percent a year from 2007-2011.
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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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