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Monday, 10 January 2022

Morocco, Egypt reportedly resolve trade disagreement

Morocco, Egypt resolve auto import disagreement -Moroccan media: Morocco and Egypt have reached an agreement to exempt Renault cars produced in Tangiers from import fees, Moroccan outlet Hespress reported Industry and Trade Minister Ryad Mezzour as saying during a parliamentary session in Rabat. Following negotiations, the imported cars will be exempt from all customs duties as per the Agadir agreement, Mezzour said – resolving “a major point of contention” in the trade liberalization agreement between the two sides, according to Hespress. Mezzour added that our customs authorities are also set to accept certificates issued by a Moroccan government body assuring quality control in the country’s companies and factories.

What’s the Agadir agreement? Moroccan-produced cars are exempt from import duties under the trade pact, which was signed by Egypt, Morocco, Jordan, and Tunisia in 2004.

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