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FINANCIAL NEWS
EU endorses new agriculture trade deal with Morocco
17 Feb 2012
(MENAFN) The European Union’s agriculture chief, Dacian Ciolos, said that EU parliament approved a new agricultural trade deal with Morocco, reported Arab News.
Ciolos added that the deal would notably extend duty-free sales of agricultural, food and fisheries products between the two sides.
He also said that the deal would allow 70 percent of EU agricultural exports to enter Morocco duty-free within the next ten years, including oilseeds and cereals, with the exception of common wheat and durum wheat, for which Morocco would apply improved rates.
It is worth noting that under the new deal, the EU will lift all its current duties on 55 percent of imports from Morocco.
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