Impact of European Union Assocation Agreements on Mediterranean Countries
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
By establishing free trade for industrial products in 12 years, the European Union’s Association Agreements with countries in the Mediterranean region seek to promote accelerated economic growth. This paper reviews the literature and evaluates the economic benefits and costs for Tunisia, Morocco, Lebanon, Egypt, and Jordan. It concludes that the benefits could be substantial, but only if accompanied by deep supplementary reforms, including extending trade liberalization to services and agriculture and on a multilateral basis, improving the environment for foreign direct investment, ensuring an adequate fiscal and exchange rate policy response, and strengthening European Union assistance.
Series:
Working Paper No. 1998/116
Subject:
Exports Imports International trade Tariffs Taxes Trade agreements Trade liberalization
English
Publication Date:
August 1, 1998
ISBN/ISSN:
9781451942477/1018-5941
Stock No:
WPIEA1161998
Pages:
26
Please address any questions about this title to publications@imf.org