• On December 13, 2020
  • By
  • In Uncategorized

North Africa Trade Agreements

Australian trade faces the disadvantages of Morocco`s distance and pro-European orientation. However, the Moroccan government sees its position as a platform from which otherwise protected markets could be exploited. Austrade is currently focusing on this sector in Tunisia, in the hope that the increase in mass tourism in the region could create niche opportunities.104 U.S. trade and investment relations with Middle East and North African countries (MENA) have considerable potential value, both in terms of U.S. trade interests and foreign policy. Economic growth in North Africa has fallen well short of what is needed to reduce chronic underemployment, particularly among young people. EU trade agreements with North Africa could bring additional and significant benefits if they lead directly to reforms across borders or, at the very least, incentives to make North African countries more competitive in international markets. While this reform is the responsibility of the governments of North African countries, the EU could have a greater incentive to improve the business environment. If North African countries were able to compete with the EU on a level playing field, agriculture`s share of domestic value added would almost certainly be significantly higher and poverty in rural areas lower than it is today. In recent years, the Australian company Fayman International has carried out direct and indirect commercial activities with Algeria. The proposal described the technical difficulties in trade with Algeria, for example. B: The U.S.

trade deficit with MENA countries was $71.8 billion in 2008, an increase of 54.3 per cent ($25.3 billion) over 2007. Austrade identified Egypt and Libya as countries for which general training and training in Australia could be attractive. In particular, following recent dramatic developments in a number of countries, economic development, supported by strengthening trade and investment relations, can advance U.S. goals of peace and stability in the MENA region. The U.S. ERI trade agreements with Jordan, Israel, Morocco, Bahrain and Oman, as well as the Framework Agreements on Trade and Investment (TIFA) with many other MENA countries provide the context for the United States.