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Assessing the Impact of the EU-sponsored Trade Liberalization in the MENA Countries

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Author Info

  • Cies´lik, Andrzej

    ()
    (Warsaw University)

  • Hagemejer, Jan

    ()
    (National Bank of Poland)

Abstract

The EU-sponsored Barcelona conference in 1995 set the ambitious goal of creating the Euro-Mediterranean Free Trade Area (EUROMED) that would include the European Union and the MENA countries by 2010. The intermediate steps towards building the EUROMED have involved bilateral “vertical” trade liberalization between the EU and the particular MENA countries as well as “horizontal” trade liberalization among themselves. In this paper we evaluate empirically the effects of the new EU Association Agreements with the MENA countries using the augmented gravity equations derived from a variety of neoclassical and new trade theory models and panel data for the period 1980- 2004. We find that while these agreements increased significantly imports of the MENA countries from the EU they had no positive impact on their exports to the EU which can be attributed to the asymmetry in trade liberalization between the EU and the MENA countries.

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Bibliographic Info

Article provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.

Volume (Year): 24 (2009)
Issue (Month): ()
Pages: 343-368

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Handle: RePEc:ris:integr:0477

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Web page: http://econo.sejong.ac.kr/
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Related research

Keywords: bilateral trade; gravity equation; preferential trade liberalization;

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References

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  1. Diego Puga & Anthony J. Venables, 1995. "Preferential Trading Arrangements and Industrial Location," CEP Discussion Papers dp0267, Centre for Economic Performance, LSE.
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Cited by:
  1. Pierluigi Montalbano & Silvia Nenci, 2012. "Assessing the Trade Impact of the European Neighborhood Policy on EU-MED Free Trade Area," Working Paper Series 3112, Department of Economics, University of Sussex.
  2. Sekkat, Khalid, 2012. "Manufactured Exports and FDI in Southern Mediterranean Countries: Evolution, determinants and prospects," CEPS Papers 6849, Centre for European Policy Studies.
  3. Alberto Behar & Laia Cirera i Crivillé, 2010. "The impact of North-South and South-South trade agreements on bilateral trade," CSAE Working Paper Series 2010-30, Centre for the Study of African Economies, University of Oxford.
  4. María Dolores Parra Robles & Inmaculada Martínez-Zarzoso & Celestino Suárez Burguet, 2012. "The impact of FTAs on MENA trade," Ibero America Institute for Econ. Research (IAI) Discussion Papers 217, Ibero-America Institute for Economic Research.

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