1. The parties to the dispute may agree on the arbitration court under the arbitration rules applicable under Article 10.15.3. In the absence of an agreement between the parties to the dispute, the tribunal shall determine the place in accordance with the applicable rules of arbitration, provided that the place is in the territory of a State that is a party to the New York Convention. 1. Each Contracting Party shall grant temporary exemption from customs duties for: (d) the prevention of circumvention of international agreements affecting trade in textile and clothing products. The Parties reaffirm their wish to establish, through the Joint Committee established pursuant to Article 19(2) or a sub-committee established pursuant to this Article, a forum for the examination of agricultural trade issues in accordance with this Section. 7. On the date of entry into force of this Agreement, each Contracting Party shall provide that clothing of origin originating in Annex 4-B shall be exempt from customs duties up to the annual quantities indicated therein. Customs duties on products of origin of the clothing type referred to in Annex 4-B, in addition to those quantities, shall be reduced in accordance with paragraph 3. (b) on the basis of the recognised investment or the investor to justify or acquire a covered investment other than the written agreement itself; 3. Each Party shall allow the institution of benefits in kind related to a covered investment, as authorised or defined in a written agreement between the Contracting Party and a covered investment or an investor of the other Party. In addition to the benefits of the free trade agreement, the Moroccan economy has grown steadily over the past decade.
With a stable exchange rate, low inflation and a moderate unemployment rate, the Moroccan economy recorded a growth rate of 4% in 2010. Since the agreement entered into force on January 1, 2006, the value of U.S. exports has increased from $481 million in 2005 to $1.95 billion in 2010. This resulted in a trade surplus of $1.26 billion with Morocco in 2010, up 3.505% from the $35 million trade surplus in 2005. As of 2005, Morocco ranked 89th among U.S. importers in terms of U.S. dollars and 79th among U.S. exporters. This corresponds to US trade with Morocco, which accounts for less than 0.1% of its total imports and exports. As of 2003, Morocco exported about 2.9% of its total exports to the United States, while it imported about 4.1% of its total imports from the United States. These figures show that U.S. trade with Morocco is almost zero compared to Moroccan trade with the United States.
Therefore, the USMFTA could have a much greater impact on the Moroccan government. 1. The Contracting Parties share the objective of the multilateral elimination of agricultural export subsidies and shall cooperate with a view to reaching an agreement within the WTO to eliminate such subsidies and prevent their reintroduction in any way. 1. A procuring entity may not develop, adopt or apply technical specifications or impose conformity assessment procedures that refer to them or create unnecessary barriers to trade between Contracting Parties. 1. This Chapter shall apply to measures adopted or maintained by a Contracting Party affecting cross-border trade in services of service providers of the other Party.