THE MOROCCAN AGENCY FOR TOURISM DEVELOPMENT /
SOCIETÉ MAROCAINE D’INGÉNIERIE TOURISTIQUE (SMIT)
In partnership with
THE NATIONAL U.S.-ARAB CHAMBER OF COMMERCE
Cordially invites you to participate in the
MOROCCO TOURISM INVESTMENT ROAD SHOW TO THE USA
New York City Workshop Agenda
Tuesday, January 30, 2018
InterContinental New York Barclay Hotel
111 E 48th St, New York, NY 10017
BACKGROUND
The International Finance Corporation recognizes Morocco as a top market reformer in the Middle East and North Africa. The nation has emerged as a commercial hub as a result of its economic reforms, investment incentives, competitive costs of production, modern banking processes, strong laws to protect intellectual property, and proximity to major markets.
An introduction to the Moroccan Agency for Tourism Development (SMIT) and investment opportunities in Morocco may be found HERE.
Morocco has a Free Trade Agreement with the United States and an Association Agreement with the European Union (EU). These agreements attract traders looking to enter Morocco, the world's largest markets (such as the EU and the United States), and the world's fastest growing markets (e.g., Africa). The U.S. - Morocco Free Trade Agreement entered into force in January 2006, eliminating duties on more than 95 percent of all goods and services, and U.S. exports have grown dramatically since then.
With an annual Gross Domestic Product growth rate of nearly five percent over the past five years, Morocco's recent economic history is one of macroeconomic stability and low inflation, despite the challenges of the Arab Spring. In the World Bank's 2017 Doing Business report, Morocco's rating improved to 69th in the world.
Morocco is conveniently located for investors who are interested in exporting to Europe and Africa. Moreover, the availability of skilled and competitive labor at lower costs, relative to Europe, is a key factor in attracting automakers to Morocco. These automakers are also eligible for tax exemptions for 25 years, provided that most of the production is destined for export.
For additional information, please contact:
Ahmad Al Sayed
National U.S.-Arab Chamber of Commerce
(212) 986-8024 (w)
(917) 324-4626 (c)
IN PARTNERSHIP WITH
