In these following section, discussions will take place examining Morocco 's various trade agreements and membership through the World Trade Organization (WTO), the tariffs of the country, subsidies, complaints, Foreign Domestic Investment (FDI), World Bank rank, and transparency. The information provided in the following sections and graphs uses data from the World Bank site and other sites of the country typically range from the period 1990-2015.
WTO and Trading Agreements or Practices Morocco, being a member of the WTO that oversees trade among countries is also a part of several trade agreement and arrangements. Through the Investment Climate Statement 2015 website, Morocco is currently classified as a lower-income country. Due to the …show more content…
In answering the average tariff of all products, the following graph is included, figure 2. In considering the tariff for the country, first to be discussed will be the average tariff rate and the imports with the highest import tariff rates. The data is gathered through World Intergraded Trade Solution Website WIT. This graph represents the average simple Tariff change in the years that changed. It can be seem from the graph that over the course of the year tariffs have decrease dramatically. In the years to follow in 1993, 2000, 2005, 2009 and 2014 the tariff were 64.1, 29.53, 19.38, 9.13 and 4.32, respectively. Following the immense decrease in the tariffs, a second graph will be observed in figure 3. This graph illustrates Morocco’s Tariff Rates Weighted Mean over the course of the changing years. This shows average tariffs falling and the years past. In 1993 the weighted mean was at 45.4. In the 2000s, it has decreased over the periods and to the point in 2014, it has been reduced to a single digit, 3.02. Overall, both graphs provide the same outcome in decreasing tariff. Shifting to look at tariff of individual products sectors, such as fuel, footwear, textile and clothing, the following graph is illustrated, figure
WTO and Trading Agreements or Practices Morocco, being a member of the WTO that oversees trade among countries is also a part of several trade agreement and arrangements. Through the Investment Climate Statement 2015 website, Morocco is currently classified as a lower-income country. Due to the …show more content…
In answering the average tariff of all products, the following graph is included, figure 2. In considering the tariff for the country, first to be discussed will be the average tariff rate and the imports with the highest import tariff rates. The data is gathered through World Intergraded Trade Solution Website WIT. This graph represents the average simple Tariff change in the years that changed. It can be seem from the graph that over the course of the year tariffs have decrease dramatically. In the years to follow in 1993, 2000, 2005, 2009 and 2014 the tariff were 64.1, 29.53, 19.38, 9.13 and 4.32, respectively. Following the immense decrease in the tariffs, a second graph will be observed in figure 3. This graph illustrates Morocco’s Tariff Rates Weighted Mean over the course of the changing years. This shows average tariffs falling and the years past. In 1993 the weighted mean was at 45.4. In the 2000s, it has decreased over the periods and to the point in 2014, it has been reduced to a single digit, 3.02. Overall, both graphs provide the same outcome in decreasing tariff. Shifting to look at tariff of individual products sectors, such as fuel, footwear, textile and clothing, the following graph is illustrated, figure