Impact of European Union Assocation Agreements on Mediterranean Countries
August 1, 1998
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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.
Subject: Exports, Imports, International trade, Tariffs, Taxes, Trade agreements, Trade liberalization
Keywords: Eastern Europe, Eastern Mediterranean country, economic reform, EU agreement, EU company, EU consumer, EU exporter, EU imports, Europe, European Union, Exports, free trade, Imports, Mediterranean countries, SEM country, SEM government, Tariffs, Trade agreements, trade creation, trade diversion, Trade liberalization, WP
Pages:
26
Volume:
1998
DOI:
Issue:
116
Series:
Working Paper No. 1998/116
Stock No:
WPIEA1161998
ISBN:
9781451942477
ISSN:
1018-5941
