Possibility of FTA between Morocco and Korea in information technology industry

Abstract

The IT sector in Morocco has registered a high growth profit over the last few years. It constitutes a genuine pool for the creation of wealth, employment and growth. The IT in Morocco is characterized by an emerging and strong off shoring sector and by a strong position in certain niche markets such as e-payment and smart cards in African regions. Morocco and Korea has recently signed cooperation agreements in the fields of computer security and vocational training. But despite all these efforts making to strengthen bilateral cooperation in various fields specially in IT sector, the bilateral partnership is still not strong enough and has not reach an advanced stage yet. Morocco offers considerable opportunities for investment to the Korean companies in the IT field, so the countries shall enhance economic exchanges and drain more Korean investment to the North African countries, with emphasis on IT sector, and beside agreements, expand cooperation through active exchanges of IT professionals and bilateral meetings, to open up a new business opportunities for Korean enterprises and to ensure economic growth for Morocco, by building up a strong IT industry. Therefore, the aim of this study was the investigation of the possibility of free trade agreement between Morocco and Korea in information technology industry.