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What Is An Advantage Of The European Union`s 2010 Bilateral Trade Agreement With Morocco

14 Another important condition for the establishment of a comprehensive CEMTA is the conclusion of free trade agreements between the CDOs. However, so far, the EMI and trade negotiations, in particular, have had a pivotal relationship dominated by the EU (see above). The MNCs have not been able to integrate their economies. Their intra-regional trade remains at a very low and prohibitive level. This discourages international investors. As a result, MDCs continue to hold a very small share of the global CDF, although CDF is seen as necessary to stimulate economic development. 18 Another important player is the Gulf Cooperation Council (GCC-Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates). [46] These countries have large financial surpluses as a result of their oil exports. Traditionally, they invest these surpluses in industrialized countries (mainly the United States and Europe), but their FDI flows increasingly flow to the neighbouring Mediterranean, with concentration in the Mashreq. With the GAFTA, GCC countries are creating a common market with the MDCs and are likely to disrupt the EMFTA again. While it is difficult to assess the impact of this U.S. and GCC trade policy on CEMTA, such competitive liberalization increases the creation of a regional free trade area, in part because of competing rules of origin, technical standards, safety and health.

This has already been felt in the problems that the free trade agreement between the United States and Morocco has caused in the implementation of the Agadir agreement. The “preferential clause” for agricultural products in this free trade agreement, which allows US exporters of such products to access the market that Morocco grants to other trading partners, could also complicate EU-Morocco integration and regional trade in the future. Although Russia and China are not yet active in trade policy, their trade and political presence is also important for Euro-Mediterranean policy. Russia is interested in the Mediterranean, because of clearly defined economic interests, but also because of broader strategic objectives. [47] Finally, China is increasingly present in the MNCs.