The Kingdom of Morocco (المملكة المغربية) has a coast on the Atlantic Ocean that reaches to the Rif Republic to the north, French Algeria and French West Africa (AOF) to the east, and Spanish Sahara to the south. Morocco was a French Protectorate from 1912 until 1938. By the Franco-Moroccan Agreement of Independence full sovereignty was re-established. However, Morocco remained economically tied to France. France remains the primary trade partner (supplier and customer) of Morocco. France is also the primary creditor and foreign investor in Morocco.