Overview

Although Morocco enjoys a respectable GNP growth rate of 3.5 % per annum, its economic future is uncertain due to persistent, high unemployment rates which average 10% overall, rising to over 30% among urban youth. Morocco’s economic future depends on building a viable, globally competitive private sector that is growing its market share and increasing employment opportunities, especially for young workers. When fully implemented, the U.S.-Moroccan Free Trade Agreement (FTA) will improve Moroccan access to the American market. Moreover, making the policy and structural changes required by the FTA will make Morocco’s business environment more attractive for investors. Also, the Moroccan private sector must improve its competitiveness in existing sectors and expand into new ones. USAID programs work at both the macro level for improved business and investment climate and the micro level for increased competitiveness.