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Economic Integration in the Maghreb: An Untapped Source of Growth
Author:
Mr. Alexei P Kireyev
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Mr. Boaz Nandwa
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Ms. Lorraine Ocampos
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Mr. Babacar Sarr
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Mr. Ramzy Al Amine
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Mr. Allan G Auclair
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Mr. Yufei Cai
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Mr. Jean-Francois Dauphin
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Series:
Departmental Papers
Volume/Issue:
Volume 2019: Issue 003
Language:
English
Publication Date:
13 Feb 2019
DOI:
https://doi.org/10.5089/9781484378373.087
ISBN:
9781484378373
ISSN:
2616-5333
Pages:
47
Keywords:
DPPP; DP; Maghreb country; Maghreb trade; export structure; factory Maghreb; growth potential; integration arrangement; private sector; Maghreb integration; trade policy; Exports; Regional integration; Comparative advantage; Trade integration; Trade policy; Maghreb; Global; Europe; Sub-Saharan Africa; Africa
Legal-disclaimer:
The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper 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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Individual countries of the Maghreb have achieved substantial progress on trade, but, as a region they remain the least integrated in the world. The share of intraregional trade is less than 5 percent of their total trade, substantially lower than in all other regional trading blocs around the world. Geopolitical considerations and restrictive economic policies have stifled regional integration. Economic policies have been guided by country-level considerations, with little attention to the region, and are not coordinated. Restrictions on trade and capital flows remain substantial and constrain regional integration for the private sector.
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Cover Departmental Papers
Departmental Papers
ISSN:
2616-5333
Publisher:
International Monetary Fund