The Association Agreement between the European Union and Morocco is a comprehensive trade agreement that aims at strengthening ties between the two entities. The agreement, which was signed in 2000, covers a wide range of areas of cooperation including political, economic, social, and cultural aspects. This article will provide an overview of the association agreement and its significance for both the EU and Morocco.
The main objective of the association agreement is to promote a deeper economic and political relationship between the EU and Morocco. The agreement provides for the gradual elimination of trade barriers and the creation of a free trade area between the two parties. The EU has granted Morocco preferential access to its market for most agricultural and fisheries products, in exchange for improved access for EU goods and services in Morocco.
Moreover, the agreement covers a range of other issues that are important for both the EU and Morocco. These include the promotion of human rights, democracy, and the rule of law, the fight against terrorism, and the promotion of cultural cooperation.
The agreement has had a significant impact on trade between the EU and Morocco. Since its signing, trade between the two parties has increased substantially, with the EU becoming Morocco`s largest trading partner, accounting for almost 60% of its total external trade.
The agreement has also had a positive impact on the Moroccan economy. It has helped to reduce poverty and promote economic growth, as well as creating new opportunities for investment and job creation. In addition, the agreement has enabled Morocco to increase its exports to the EU, particularly in the area of agriculture and fisheries.
However, the association agreement has also faced criticism from some quarters. Critics argue that the agreement has not done enough to address the issue of human rights in Morocco, and that it has failed to promote genuine democratic reform in the country.
In conclusion, the Association Agreement between the EU and Morocco is a significant agreement that has helped to strengthen ties between the two parties. While it has faced criticism, particularly with regard to human rights issues, the agreement has had a positive impact on trade and the economy of both the EU and Morocco. As the agreement continues to evolve, it is likely to remain an important framework for cooperation between the EU and Morocco in the years to come.