Stable with slight increase of 3% compared to 2021
Special Rates
Preferential Rate
0%
Applicable under the United States-Morocco Free Trade Agreement (USMFTA) for qualifying goods with proper documentation and origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Morocco Trade Agreement Boosts Iron and Steel Exports
Under the U.S.-Morocco Free Trade Agreement, exports of iron and steel products, including those not brightened, lathed, or machined (HS Code: 7217), have seen a 12% increase in the last quarter due to reduced tariffs and improved market access.
2023-10-15
Impact: Positive impact on U.S. exporters with lower trade barriers and increased demand from Moroccan construction and manufacturing sectors.
Morocco Increases Infrastructure Projects, Driving U.S. Iron Imports
Morocco's ambitious infrastructure development plans have led to a surge in demand for U.S. iron and steel products, particularly under HS Code 7217, with a reported 8% rise in imports from the U.S. in the past six months.
2023-09-20
Impact: Increased export opportunities for U.S. suppliers as Morocco ramps up construction activities.
Supply Chain Delays Affect U.S.-Morocco Iron and Steel Trade
Global supply chain disruptions have temporarily slowed the export of iron and steel products (HS Code: 7217) from the U.S. to Morocco, causing a backlog at key ports and a 5% drop in trade volume for the month of July.
2023-08-05
Impact: Negative short-term impact on trade flow, with potential delays in fulfilling Moroccan demand and increased costs for U.S. exporters.
Policy Updates
Extension of U.S.-Morocco Free Trade Agreement Benefits
The U.S. and Morocco have agreed to extend specific provisions of their Free Trade Agreement, maintaining zero tariffs on iron and steel products (HS Code: 7217) for another five years to encourage bilateral trade.
