Editing Foreign relations of Morocco (section)

===Role of free market===
Relations with foreign powers, especially with the [[Western world|West]], have also been strengthened as Morocco has liberalized its economy and implemented major economic reforms. In 1993 there was major [[privatization]] and markets were opened up to foreign powers.<ref>{{cite book |url=https://books.google.com/books?id=o4Juuaw49UC&q=morocco+history+since+1830 |title=Morocco Since 1830: A History |access-date=2009-10-23 }}{{Dead link|date=February 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> Morocco now is focusing more on promoting [[foreign direct investments]]. In 2007, Morocco adopted the Hassan II Fund for Development, which are measures that simplify procedures to make the process easier and more financially beneficial for foreign investors. This was done with financial incentives, as well as tax exemptions. These policies make it beneficial for other countries to have relations with Morocco so that they can take advantage of their goods. Morocco's exports are mainly agriculture, and it is one of the largest exporters of phosphate in the world. In addition, Morocco has rich fishing waters, a tourist industry, and a small manufacturing sector.