In 1993 a privatization programme was started with the aim of raising revenue from the sale of public assets and to increase competition and encourage greater foreign investment. Morocco has recently signed a trade association and fishing agreement with the European Union. The EU is providing aid to Morocco. The aim is to establish a free trade zone between the EU and Morocco by 2010. Morocco has a developed transport system concentrated in the developed areas of the coast, the north west and the centre.
New roads are to be developed in the more remote rural areas.
Plans to build a rail tunnel under the Strait of Gibraltar linking Morocco and Spain are under discussion. Investment is also being made in communications with the port facilities of Casablanca being developed and substantial growth planned for the telecommunications industry. Morocco has no oil resources but is well supplied with hydroelectric power from twenty-two generating plants. Agriculture is the most important sector of the Moroccan economy employing over half of the labour force . The Government is reforming land ownership laws as traditionally farms tend to be relatively small.