Morocco

The Kingdom of Morocco is a country in northwest Africa. It has a long coastline on the Atlantic Ocean that reaches past the Strait of Gibraltar into the Mediterranean Sea. It borders Algeria to the east, though the Algerian border is closed, Western Sahara to the south , the Mediterranean Sea to the north and the Atlantic Ocean to its west.

Economy

Main article: Economy of Morocco

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Morocco has signed Free Trade Agreements with the European Union (to take effect 2010) and the United States of America. The United States Senate approved by a vote of 85 to 13 on July 22, 2004 the Free Trade Agreement with Morocco, which, now in effect, allows for 95% of the two-way trade of consumer and industrial products to be without tariffs.

Related Topics:
European Union - United States of America

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Morocco's largest industry is the mining of phosphates. Its second largest source of income is from nationals living abroad who transfer money to relatives living in Morocco. The country's third largest source of revenue is tourism.

Related Topics:
Phosphates - Transfer money - Tourism

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Morocco ranks among the world?s largest producers and exporters of cannabis, and its cultivation and sale provide the economic base for much of the population of northern Morocco. The cannabis is typically processed into hashish. This activity represents 0.57 per cent of Morocco's Gross Domestic Product (GDP), estimated at US$ 37.3 billion, being Morocco's primary source of hard currency. A UN survey estimated cannabis cultivation at about 134,000 hectares in Morocco's five northern provinces. This represents 10 per cent of the total area and 27 per cent of the arable lands of the surveyed territory and 1.5 per cent of Morocco's total arable land. Morocco is a party to the 1988 UN Drug Convention and in 1992 Morocco passed legislation designed to implement the Convention.

Related Topics:
Cannabis - Hashish - 1988 - 1992

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