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Adjusting to New Realities: MENA, The Uruguay Round, and the EU-Mediterranean Initiative

Author

Listed:
  • Ms. Susan Fennell
  • Ms. Patricia Alonso-Gamo
  • Mr. Khaled Sakr

Abstract

This paper addresses concerns that the Middle East and North Africa (MENA) region, with the exception of the GCC economies, has lagged behind in trade liberalization. This delay has adversely affected production efficiency and consumer welfare and could reduce the region’s ability to attract foreign investment. Against this background, the paper examines the major challenges facing MENA if it is to benefit from the opportunities presented by the Uruguay Round and the European Union Mediterranean Initiative. It concludes with an overview of measures that MENA countries will need to implement to benefit from these trade-enhancing initiatives.

Suggested Citation

  • Ms. Susan Fennell & Ms. Patricia Alonso-Gamo & Mr. Khaled Sakr, 1997. "Adjusting to New Realities: MENA, The Uruguay Round, and the EU-Mediterranean Initiative," IMF Working Papers 1997/005, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1997/005
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    Citations

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    Cited by:

    1. Patricia Augier & Michael Gasiorek, 2003. "The welfare implications of trade liberalization between the Southern Mediterranean and the EU," Applied Economics, Taylor & Francis Journals, vol. 35(10), pages 1171-1190.
    2. Massimo Tamberi, 2006. "Specialization and Growth Perspectives in the South Mediterranean Area," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 3(2), pages 289-314, December.
    3. Lahcen ACHY & Juliette Milgram, 2005. "Does a free trade area favors an optimum currency area? The Case of Morocco and the European Union," International Trade 0512012, University Library of Munich, Germany.
    4. Patricia Augier & Michael Gasiorek & Charles Lai-Tong, 2007. "Multilateralising Regionalism: Relaxing the Rules of Origin Or Can Those Pecs Be Flexed?," CARIS Working Papers 03, Centre for the Analysis of Regional Integration at Sussex, University of Sussex.
    5. Patricia Augier & Michael Gasiorek & Charles Lai Tong, 2005. "The impact of rules of origin on trade flows [‘Rules of origin and the EU-Med partnership: the case of textiles’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 20(43), pages 568-624.
    6. Lofgren, Hans, 1999. "Trade reform and the poor in Morocco: a rural-urban general equilibrium analysis of reduced protection," TMD discussion papers 38, International Food Policy Research Institute (IFPRI).
    7. Tovias, Afred, 2004. "Economic Liberalism between Theory and Practice," Institute of European Studies, Working Paper Series qt57d5h0rk, Institute of European Studies, UC Berkeley.
    8. Lofgren, Hans & El-Said, Moataz & Robinson, Sherman, 1999. "Trade liberalization and complementary domestic policies: a rural-urban general equilibrium analysis of Morocco," TMD discussion papers 41, International Food Policy Research Institute (IFPRI).
    9. Gonzalo Escribano, 2006. "Europeanisation without Europe? The Mediterranean and the Neighbourhood Policy," EUI-RSCAS Working Papers 19, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    10. Bruno Venditto, 2004. "The Euromediterranean Free Trade Area: A New Form Of Regional Cooperation?," Development and Comp Systems 0408005, University Library of Munich, Germany.

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