Front Matter

Front Matter

Editor(s):
Saíd El-Naggar
Published Date:
June 1996
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    The Uruguay Round and the Arab Countries

    Edited by

    Said El-Naggar

    Papers presented at a seminar held in Kuwait, January 17–18, 1995

    International Monetary Fund

    1996

    © 1996 International Monetary Fund

    Cover, Chart, and Interior Design: IMF Graphics Section

    Library of Congress Cataloging-in-Publication Data

    The Uruguay Round and the Arab Countries : papers presented at a seminar held in Kuwait, January 17–18, 1995 / edited by Said El-Naggar.

    p. cm.

    Papers from a seminar sponsored by the Arab Fund for Economic and Social Development, the Arab Monetary Fund, the International Monetary Fund, and the World Bank.

    Includes bibliographical references.

    ISBN 1-55775-497-7 (paperbound)

    1. Arab countries—Commercial policy—Congresses. 2. Uruguay Round (1987–1994)—Congresses. I. El-Naggar, Said, 1920–.

    HF1610.U78 1996

    382’ .3’09 74927—dc20

    96-4077

    CIP

    Price: US$20.00

    Address orders to:

    International Monetary Fund, Publication Services

    700 19th Street, N.W., Washington, D.C. 20431, U.S.A.

    Tel.: (202) 623-7430

    Telefax: (202) 623-7201

    Internet: publications@imf.org

    recycled paper

    Sponsoring Organizations

    • The Arab Fund for Economic and Social Development

    • The Arab Monetary Fund

    • In cooperation with

    • The International Monetary Fund

    • The World Bank

    Foreword

    The recent conclusion of the Uruguay Round—the most comprehensive round of trade negotiations within the context of the GATT—offers hope for enhancing trade and growth opportunities worldwide. The benefits and challenges for the Arab countries of the liberalization measures encompassed under the Uruguay Round were the subject of a seminar held in Kuwait on January 17–18, 1995. The International Monetary Fund is pleased to have had the opportunity to join the Arab Fund for Economic and Social Development, the Arab Monetary Fund, and the World Bank in sponsoring this seminar. The insight and valuable experience of Professor Said El-Naggar, who presided over the discussions, prepared the overview analysis, and edited the proceedings for publication, again proved invaluable to the success of the seminar.

    The papers presented at the seminar review the results of the Uruguay Round, examine the broad policy and macroeconomic implications of trade reform for the Arab countries, and consider certain of the sectoral trade reform measures embodied in the Uruguay Round agreement and their impact on the Arab countries. I am hopeful that the publication of this volume will contribute to the understanding of the potential gains from a more liberal trade regime and will encourage the Arab countries to sustain and build on the successes achieved so far in establishing a more open trading environment.

    Michel Camdessus

    Managing Director

    International Monetary Fund

    Acknowledgments

    This seminar, like the six seminars before it, was the fruit of collaborative effort among the Arab Fund for Economic and Social Development, the Arab Monetary Fund, the International Monetary Fund, and the World Bank. The subject of the seminar is of particular importance to the Arab countries, in view of the far-reaching implications that the Uruguay Round is likely to have for their export potential and their import capacity.

    Held in Kuwait on January 17—18, 1995, the seminar provided an excellent opportunity for a number of high-level experts and policymakers to examine the various aspects of the Uruguay Round from an Arab perspective. The seven papers presented to the seminar are included in this volume, including the introductory paper prepared by the moderator.

    On behalf of the participants I would like to express my thanks to Abdelatif Al-Hamad, Director-General and Chairman of the Board of Directors of the Arab Fund for Economic and Social Development, Jassem Al-Mannai, Director-General and Chairman of the Board of Directors of the Arab Monetary Fund, and to their collaborators for their hospitality and their tireless efforts in planning and organizing the seminar. A special word of thanks is due to the IMF, the World Bank, and the World Trade Organization, without whose support this seminar would not have been possible. I also would like to thank James McEuen of the IMF’s External Relations Department for editing this volume and coordinating its publication, and Alicia Etchebarne-Bourdin for manuscript preparation and composition.

    Said El-Naggar

    Moderator

    Contents

    The following symbols have been used throughout this book:

    • … to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • – between years or months (for example, 1991–92 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    • / between years or months (for example, 1991/92) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million; “trillion” means a thousand billion.

    Minor discrepancies between constituent figures and totals are due to rounding.

    The term “country,” as used in this book, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.

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