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The Government of Morocco continues to subsidize bread wheat imports based on a fixed flat-rate premium. This measure is valid until April 30, 2023, and is intended to maintain low bread prices and encourage stock building.
During Covid-19, the French government designated the retail sector as essential. Retail companies were authorized to continue operations. The nationwide lockdown and the closing of restaurants gave a significant boost to the retail sector.
With 91 million visitors in 2019, France is one of the world’s leading tourist destinations. Tourism accounted for 7.5 percent of GDP, providing employment to 1.5 million people. In 2020, the COVID-19 pandemic reduced the flow of visitors by almost 55 percent, triggering a loss of nearly 160,000 jobs. The Hotel, Restaurant, and Institutional (HRI) sector saw a decrease in total sales revenue to $64 billion, a 30 percent decline from the previous year.
On January 5, 2023, the Government of Morocco (GOM) published Circular # 6406/222, announcing the required tariff changes under the U.S.-Morocco Free Trade Agreement (FTA) for Calendar Year 2023. The circular includes tariffs, tariff-rate quotas...
This report provides an economic and market overview and practical tips for U.S. companies exporting to Morocco.
As a member of the European Union, France implements EU regulations for the import of animal and plant products. The US export certification requirements for most products are harmonized at the EU level; however, a few products, which are not yet harmonized across the EU, are still subject to French national regulations.