Morocco's trade is based on various free trade agreements that the country has signed with its principal economic partners.
Some of these are:
• The Euro-Mediterranean free trade area agreement with the European Union (EU). The objective of this agreement is to integrate the European Free Trade Association.
• The Agadir Agreement, which was signed with Egypt, Jordan and Tunisia, within the framework of the Greater Arab Free Trade Area.
• The US-Morocco Free Trade Agreement came into force on January 1, 2006.
• The agreement with Turkey for free exchange.
Morocco’s trade was drastically affected by the global recession. While exports totaled $20.17 billion in 2008, they were reduced to $15.61 billion in 2010.
• Clothing and textiles
Morocco’s export partners are; Spain (19.2%), France (17.6%), Brazil (7.1%), US (4.5%), Belgium (4.5%) and Italy (4.3%).
Imports to Morocco totaled $31.83 billion in 2010; however fell from $39.35 billion in 2008.