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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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Annex 1. Intra-Maghreb Trade: Revealed Comparative Advantages

(Index, HS 2012, four-digit level, cut-off value = 10)

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Source: IMF staff calculations based on World Bank WITS (2018).

References

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1

Caution is needed when comparing survey-based structural indicators across countries. Although these indicators are updated yearly and survey methodologies are revised frequently, they are perception indicators and partly constrained by the data that can realistically be collected.

1

Trade complementarity index (on a 0 to 100 scale) indicates to what extent the export profile of the reporting country matches, or complements, the import profile of the partner country. A high index may indicate that the two countries would stand to gain from increased trade.

2

The revealed comparative advantage (RCA) index measures how competitive a product is in countries’ exports compared with the product’s share in world trade. Products with a high RCA are competitive and can be exported to countries with a low RCA. If estimated at high levels of product disaggregation, the RCA can focus attention on nontraditional products that might be successfully traded.

1

The Trade Integration Mechanism was introduced in 2004 to assist member countries to meet balance of payments shortfalls that might result from trade liberalization measures implemented by other countries. The Trade Integration Mechanism is not a special lending facility, but rather a policy designed to make resources more predictably available under existing IMF lending facilities (IMF 2018b).

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Economic Integration in the Maghreb: An Untapped Source of Growth
Author:
Mr. Alexei P Kireyev
,
Mr. Boaz Nandwa
,
Ms. Lorraine Ocampos
,
Mr. Babacar Sarr
,
Mr. Ramzy Al Amine
,
Mr. Allan G Auclair
,
Mr. Yufei Cai
, and
Mr. Jean-Francois Dauphin