Publications /
Research Paper

Back
Download PDF
French Version
Has Morocco Benefited from the Free Trade Agreement with the European Union?
Authors
Rim Berahab
Uri Dadush
February 19, 2020
Related topics: 

Since the free trade agreement (FTA) between Morocco and the European Union (EU) came into force nearly two decades ago, Morocco’s export performance on EU markets has been less than stellar and the trade deficit with the EU has surged. This has led many observers to take a negative view of the agreement. Yet, bilateral trade balances are not the best way to assess the effects of a trade agreement, and Morocco has derived major benefits in other ways. As they progress on negotiations towards a more comprehensive and deeper relationship, both Morocco and the EU have much work to do to make the agreement work even better for Moroccans. This Policy Paper presents an assessment of the EU-Morocco FTA and outlines some policy implications, focusing not only on trade flows between the two partners, but also on Foreign Direct Investment, regional integration, and the impact on Moroccan importers and consumers.

RELATED CONTENT

  • Annual Report on African Economies 2019
    Authors
    Under the Supervision of
    Larabi Jaïdi
    October 2, 2019
    Africa is an economic region which holds great potential despite the risks associated with its development. Indeed, many experts agree that Africa is emerging as the new frontier for global growth. Boosted by its abundant natural resources, a young and vibrant population, strong urbanization, more stable macroeconomic conditions, more stringent economic policies, a constantly improving business climate and improving governance, Africa is on track for a structural transformation that ...
  • India and Morocco’s New Cooperation Areas: Focusing on Security and Preventing Violent Extremism
    Authors
    Ihssane Guennoun
    October 2, 2019
    With India looking more towards Africa as a home for sustainable partners, it is also looking at diversifying the areas of collaboration with several African countries, especially with Morocco. As early as 1967, India’s then Vice-President Zakir Hussain visited Morocco and set the tone for engagement between both countries. The latter has established diplomatic relations based on mutual understanding, tolerance and respect. Since then, the two countries have enjoyed fruitful relatio ...
  • Rapport annuel sur l’économie de l’Afrique 2019
    Authors
    Sous la direction de
    Larabi Jaïdi
    October 2, 2019
    Le Rapport sur l’économie de l’Afrique s’inscrit dans une série de documents annuels publiés par le Policy Center for the New South (PCNS). Les grandes évolutions économiques du continent y sont traitées, avec une large place faite à l’analyse prospective. Ce rapport s’ajoute ainsi au Rapport annuel sur la géopolitique de l’Afrique et l'Annual Report on Commodity Analytics and Dynamics in Africa (Arcadia), écrits par des chercheurs issus du Nord comme du Sud. Le Rapport sur l’écono ...
  • Les transferts de fonds des migrants vers l’Afrique exercent-ils un effet de levier sur l’investissement et sur la croissance économique ?
    Authors
    Nor-eddine OUMANSOUR
    Mohamed AZEROUAL
    Sarra BAHIJ
    October 2, 2019
    Cet article analyse les retombées des transferts de fonds des migrants sur la croissance économique et sur l’investissement domestique des pays africains. A cette fin, nous avons utilisé la Méthode des Moments Généralisés en Système en panels dynamiques pour un échantillon de 34 pays sur la période 1980-2016. Les principaux résultats des estimations effectuées montrent que les transferts de fonds des migrants exercent un effet significatif et positif sur la croissance économique et ...
  • Making Globalization Inclusive: Job Creation and Wage Inequality in Developing Economies
    Authors
    Karim El Aynaoui
    Aomar Ibourk
    Prakash Loungani
    October 1, 2019
    Some of the papers in this special issue were initially presented at a September 2016 conference on Global Labor Markets organized by the IMF, Policy Center for the New South and Brunel University, while others were commissioned through a call for papers. Funding for this initiative was provided in part through the IF-DFID program on Macroeconomic Research in Low Income Countries. Views expressed in this introduction and in the papers are those of the authors and should not be ascri ...
  • Growth and Jobs in Developing Economies: Trends and Cycles
    Authors
    Zidong An
    Tayeb Ghazi
    Nathalie Gonzalez Prieto
    Aomar Ibourk
    September 30, 2019
    This paper investigates the relationship between economic growth and job creation in developing economies with a focus on low and lower middleincome countries along two dimensions: growth patterns and short-run correlations. Analysis on growth patterns shows that regime changes are quite common in both economic growth and employment growth, yet they are not synchronized with each other. Okun’s Law—the short-run relationship between output and labor market—holds in half of the countr ...
  • Interview avec Uri Dadush, Senior Fellow , au sujet des inégalités au Maroc
    September 30, 2019
    Notre Senior Fellow a répondu aux questions suivantes : 1/ Dans la région du Moyen-Orient et d’Afrique du Nord, en 2016 la part du revenu global des 1% les plus riches était 2,6 fois plus important que celle des 50% les plus pauvres. Sur quels leviers agir pour réduire les inégalités da...
  • Latin America Is Not Benefiting from the U.S.-China Trade War
    Authors
    Otaviano Canuto
    September 30, 2019
    Despite some short-term benefits, trade deviation to the region shouldn’t be expected to last. Has the U.S. trade war with China been good for Latin America? An increase in Chinese demand for primary products from the region, as well as recent news of production transfers from China to Mexico, might give the impression that it has. But any positive short-term effects of the confrontation should also take into account its negative medium- and long-term impacts on the region and on gl ...