Impact of European Union Assocation Agreements on Mediterranean Countries

Author/Editor:

Henri C. Ghesquière

Publication Date:

August 1, 1998

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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. 98/116

Subject:

English

Publication Date:

August 1, 1998

ISBN/ISSN:

9781451942477/1018-5941

Stock No:

WPIEA1161998

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

26

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