IMF Working Papers Volume 1997 Issue 005: Adjusting to New Realities: MENA, The Uruguay Round, and the EU-Mediterranean Initiative (1997)

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Adjusting to New Realities: MENA, The Uruguay Round, and the EU-Mediterranean Initiative

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Ms. Susan Fennell

Ms. Susan Fennell
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Ms. Patricia Alonso-Gamo

Ms. Patricia Alonso-Gamo
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Mr. Khaled Sakr

Mr. Khaled Sakr
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Series:: IMF Working Papers

Volume/Issue:: Volume 1997: Issue 005

Publication Date:: 01 Jan 1997

DOI:: https://doi.org/10.5089/9781451842142.001

ISBN:: 9781451842142

ISSN:: 1018-5941

Pages:: 55

Keywords:: WP; MENA country; free trade; liberalization measure; SMR country; trade diversion; trade reform; reform measure; trade liberalization policy; countries to liberalization measure; reform effort; EU regulation; trade reform agenda; trade reform effort; Trade liberalization; Tariffs; Exports; Imports; Trade barriers; Sub-Saharan Africa; Global; Asia and Pacific; Western Hemisphere; Eastern Europe

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: IMF Working Papers

Volume/Issue:: Volume 1997: Issue 005

Language:: English

Publication Date:: 01 Jan 1997

DOI:: https://doi.org/10.5089/9781451842142.001

ISBN:: 9781451842142

ISSN:: 1018-5941

Pages:: 55

Keywords:: WP; MENA country; free trade; liberalization measure; SMR country; trade diversion; trade reform; reform measure; trade liberalization policy; countries to liberalization measure; reform effort; EU regulation; trade reform agenda; trade reform effort; Trade liberalization; Tariffs; Exports; Imports; Trade barriers; Sub-Saharan Africa; Global; Asia and Pacific; Western Hemisphere; Eastern Europe

Legal-disclaimer:: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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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.

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IMF Working Papers

ISSN:: 1018-5941

Publisher:: International Monetary Fund

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