Adjusting to New Realities: MENA, The Uruguay Round, and the EU-Mediterranean Initiative
January 1, 1997
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Summary
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.
Subject: Exports, Imports, International trade, Tariffs, Taxes, Trade barriers, Trade liberalization
Keywords: Asia and Pacific, countries to liberalization measure, Eastern Europe, EU regulation, Exports, free trade, Global, Imports, liberalization measure, MENA country, reform effort, reform measure, SMR country, Sub-Saharan Africa, Tariffs, Trade barriers, trade diversion, Trade liberalization, trade liberalization policy, trade reform, trade reform agenda, trade reform effort, Western Hemisphere, WP
Pages:
55
Volume:
1997
DOI:
Issue:
005
Series:
Working Paper No. 1997/005
Stock No:
WPIEA0051997
ISBN:
9781451842142
ISSN:
1018-5941
