United States to Host U.S.-Moroccan Business Development Conference

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The U.S.-Morocco Free Trade Agreement, implemented in 2006, is one of the United States’ most comprehensive free trade agreements; it eliminated tariffs on 95 percent of traded goods. The FTA has bolstered trade and investment between our two countries, resulting in two-way trade valued at $3.79 billion in 2011. Currently, there are more than 120 American businesses operating in Morocco, which have invested $2.2 billion and have created more than 100,000 direct and indirect jobs. However, in order to achieve the FTA’s full potential, the United States is providing $1.5 million in assistance designed to attract foreign investors to Morocco, to foster local economic development, and strengthen the legal and regulatory framework. Secretary of State Clinton has set a goal of increasing trade from Morocco to the United States, and the Morocco Business Development Conference aims to do just that by raising awareness among U.S. businesses of opportunities to trade with, and invest in Morocco.

The Opening Plenary of the U.S.-Morocco Business Development Conference will take place on Tuesday, December 4, in the Department of State’s Loy Henderson Auditorium from 9:00 a.m. to 9:45 a.m. This session is open to credentialed members of the media.

Pre-set time for cameras: 8:10 a.m. from the 23rd Street entrance

Final access time for journalists and still photographers: 8:45 a.m. from the 23rd Street entrance.

Media representatives may attend this event upon presentation of one of the following: (1) A U.S. Government-issued identification card (Department of State, White House, Congress, Department of Defense, or Foreign Press Center), (2) a media-issued photo identification card, or (3) a letter from their employer on letterhead verifying their employment as a journalist, accompanied by an official photo identification card (drivers license, passport).

For more information, please see the Bilateral Fact Sheet at: state.gov/r/pa/ei/bgn/5431.htm

Kerry Humphrey: 202-647-0677 | EPPDMedia@state.gov

PRN: 2012/

Information Source: PressZoom