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

Susan Fennell, Patricia Alonso-Gamo and Khaled Sakr

No 1997/005, IMF Working Papers from International Monetary Fund

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.

Keywords: WP; MENA country; free trade; liberalization measure; SMR country; trade diversion; trade reform; reform measure; trade liberalization policy; countries to liberalization measure; reform effort; EU regulation; trade reform agenda; trade reform effort; Trade liberalization; Tariffs; Exports; Imports; Trade barriers; Sub-Saharan Africa; Global; Asia and Pacific; Western Hemisphere; Eastern Europe (search for similar items in EconPapers)
Pages: 55
Date: 1997-01-01
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=2101 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1997/005

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().