Effects of the Uruguay Roundon Egypt and Morocco

Arvind Subramanian, Clinton Shiells and Peter Uimonen

No 1996/007, IMF Working Papers from International Monetary Fund

Abstract: This paper presents simple computational techniques to examine a variety of effects of the Uruguay Round on developing country trade flows. These methods are applied to the cases of Egypt and Morocco to simulate the implications of the Round for their medium-term balance of payments. The analysis takes into account most-favored-nation tariff cuts, preference erosion, liberalization of trade in textiles and clothing, and potential increases in world food prices. The simulation results indicate that the overall balance of payments implications of the Uruguay Round for these countries, while negative, may not be very significant.

Keywords: WP; tariff cut; food price; demand elasticity; food import; balance of payments; developing country; EU Post; liberalization commitment; EU post-Uruguay Round tariff; merchandise import; Uruguay Round agreement; bound rate; clothing export; elasticities of import demand; Uruguay Round market access commitment; EU market; MFA quota; EU merchandise import; Tariffs; Exports; Imports; Trade barriers; Food prices; Middle East (search for similar items in EconPapers)
Pages: 46
Date: 1996-01-01
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