freely usable currency, freely usable currency, as defined by the International Monetary Fund in accordance with its statutes; 4. Where fair value is denominated in a currency that is not freely usable, the compensation referred to in paragraph 1, point c), converted into currency at the market exchange rate in force at the date of payment is at least: 1. Each contracting party is allowed to make free and immediately on its territory and out of its territory any transfer linked to a covered investment. These transfers include: 1. A purchasing entity may not prepare, accept or apply technical specifications or impose compliance assessment procedures that are intended or resulted in unnecessary impediments to trade between the contracting parties. “compensation”: any condition or undertaking that requires the use of national content, domestic suppliers, technology licensing, technology transfer, investment, counter-trade or similar measures to promote local development or improve the balance of payments of contracting parties; 3. For the purposes of public procurement under this chapter, none of the contracting parties may apply rules of origin to products that deviate from the rules of origin applied by the contracting party to imports of the same products from the other contracting party during normal commercial transactions. ITC began its cooperation with Morocco in the 1970s with direct support from the National Trade Promotion Organization (CMPE), now CMPE – Morocco Export, and provided technical assistance to Moroccan SMEs and trade support organizations. Recently, Morocco benefited from a regional itA programme, the improvement of Arab trade capacity (EnACT), which resulted in one project per country: the development of exports for job creation in implementation. Click here to see the country`s profile. The joint committee established by EsTV held its third meeting in December 2012.
At the meeting, the United States and Morocco announced agreement on three new initiatives: an agreement on trade facilitation, common principles for international investment and common principles for information and communication technology (ICT) services. U.S. and Moroccan experts discussed issues related to the implementation of the free trade agreement, including technical barriers to trade, health and plant health issues, and technical assistance to support the implementation of the work and environmental provisions of the free trade agreement. The two sides also discussed the next steps in implementing the 2011 Anti-Counterfeiting Trade Agreement (ACAC). Morocco joined the United States in the signing of ACTA, an agreement that will strengthen the standard for the application of intellectual property rights at the international level. Since the free trade agreement came into force, the U.S. trade surplus with Morocco has increased to $1.8 billion in 2011, up from $79 million in 2005 (the year before it came into force). In 2011, merchandise exports to the United States totaled $2.8 billion, up 45% from the previous year. The corresponding U.S.
imports from Morocco amounted to $996 million, an increase of 45%. Morocco is now the 55th largest export market for American products. Recognising Morocco`s commitment to demand reforms to improve the lives of its people; improving living standards, promoting economic growth and stability, creating new employment opportunities and improving the common good in their territories through the liberalization and expansion of trade and investment between them; The desire to improve the competitiveness of their companies in global markets; establish clear rules for their trade and investments that take into account the interests of both parties and thus promote a predictable and mutually beneficial business environment; Determined to promote bilateral cooperation, while taking into account the differences between levels of development and the size of the