Middle East Morocco, UK sign deal to maintain post-Brexit trade flow

Morocco, UK sign deal to maintain post-Brexit trade flow

-

- Advertisment -

Morocco and the UK signed an association agreement that would ensure the continuity of the current trade terms under the EU-Morocco free trade agreement without additional tariff barriers.

This agreement, also called continuity agreement, was signed in London Saturday by Morocco’s foreign minister Nasser Bourita and UK Minister of State for the Middle East and North Africa Andrew Murrison.

The deal replicates the effects of the existing EU-Morocco Association Agreement, both the trade related aspects and the broad scope of the political and cooperation provisions, to ensure continuity in the trading and wider bilateral relationship between Morocco and the UK.

Bourita said at the signing ceremony that the deal aims at maintaining trade momentum with the UK after its exit from the EU.

The deal ensures the continuity of trade flows unhindered between the two countries and covers all Moroccan territories including the Sahara.

“Morocco is satisfied with this agreement which is consistent with the position of Morocco and which respects its interests”, Bourita said.

The two countries have also signed a political declaration, in addition to an exchange of letters on an understanding on dispute settlement and a mutual agreement on the access of all the Moroccan products, including those from the Moroccan Sahara region, to the UK market.

Highlighting the eight-centuries old diplomatic ties between the two kingdoms, the UK minister said the deal builds on the UK’s deep cultural, political and economic ties with Morocco.

“Importantly, the Agreement will give exporters and consumers the certainty they need to continue trading freely and in confidence as the UK prepares to leave the EU,” he said.

“The agreement signed with Morocco today will help provide certainty for businesses, ensuring they can continue to trade on the same terms with our Moroccan partners. On my recent visit to Morocco, I witnessed first-hand the many opportunities available to UK and Moroccan firms to advance our trade together,” Minister of State for Trade Policy, Conor Burns on his part said.

The Agreement provides a framework for policy dialogue and to strengthen cooperation on important issues like trade, educational and environmental matters

Trade between the UK and Morocco totaled £2.5 billion in 2018.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Deezer Inks a Deal With Emirates Airline for Seatback Playlists

Photo Credit: Emirates AirlinesDeezer has signed a deal with Emirates airline to give passengers access to exclusive in-flight...

Examen périodique Universel : La Côte d’Ivoire se prépare activement pour le 4ème cycle pr…

Dans le cadre de la restitution et l’appropriation des recommandations du 3ème cycle de l’Examen périodique universel, (Epu), le...

Here’s what Nigeria needs to do to address doctors migration

Nigeria has a long history of doctors’ migration that may delay the country’s effort at achieving health-related Sustainable Development...

Emirates gets approval to end Brisbane-Singapore flights

An Emirates Boeing 777-300ER at Brisbane Airport. (Rob Finlayson)Emirates has received approval from Singapore’s competition watchdog to end nonstop...

Deepanshu Bhatt joins hand with Quube Exchange at WBS Dubai

Quube Exchange the world’s first and only quantum-resistant ecosystem that is one of the many sorts after in the...

Côte d’Ivoire: Des cacaoculteurs formés à l’usage des biopesticides

Publié le 15.11.2019 à 03h18 par APA Des cacaoculteurs ivoiriens de la localité d’Azaguié dans le...

Must read

Deezer Inks a Deal With Emirates Airline for Seatback Playlists

Photo Credit: Emirates AirlinesDeezer has signed a deal...
- Advertisement -

You might also likeRELATED
Recommended to you