1. Algeria and Morrocco - Economics and Financials
In 2005, Algeria signed a trading pact with the European Union, which is currently the country's biggest trading partner. The country mainly trades in chemicals, energy, machinery, and transport equipment but yet again, the decreasing oil prices affect the trade by reducing it by 3.5%. The trade relations with the European Union promote the establishment of political and social ties. ... To build a market-oriented economic system, the country established trading ties with Europe and entered into a Free Trade Agreement with the United States in 2006. ... Morocco GDP Last Previous Highest ...
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- Grade Level: High School