A relatively diversified economy and sound macroeconomic policy have
helped Morocco to contain the negative effects of recurrent droughts and
have contributed to the stabilization of its currency, according to a
report on the trade policies and practices of Morocco released June 18
by the WTO Secretariat.
The report notes that by expanding its multilateral commitments in the
services sector, which account for 60 percent of real GDP, Morocco would
reinforce the predictability of its trade regime, make its economy more
attractive for foreign capital, and consolidate reforms in areas such as
tourism and others in which the country has comparative advantages.
The report also says that liberalization of the agricultural sector and
simplification of customs tariffs would improve economic efficiency and
enhance Morocco’s adherence to the principles of the WTO. Such reforms
could include the abolition of variable duties and the reduction of the
number and levels of tariff rates. This would somewhat simplify
Morocco’s trade regime, further complicated by membership of several
overlapping trade agreements.
following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the on-line
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
of forthcoming reviews back to top
Indonesia: 27, 30 June 2003
Senegal/Niger: 28, 30 July 2003
Honduras: 22, 24 September 2003