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Deep Integration, EURO-MED Free Trade and the WTO 2000 Negotiations

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  • Franco Zallio

    () (Fintesa Studi Paese)

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    Abstract

    In the Euro-Med partnership a deep integration agenda, ranging from technical and financial assistance to training and administrative cooperation, has been proposed to re-launch a process facing difficulties and delays. Harmonization of regulatory regimes and administrative requirements can offer large economic benefits, facilitating trade and promoting foreign investments. Moreover, there is a parallelism between the ?deepening? of the Euro-Med agenda and the possible inclusion of similar issues in future multilateral negotiations. A positive interaction may emerge. If Mediterranean countries take advantage of the new Euro-Med agenda to design a domestic regulatory regime reform, their stand in future WTO negotiations will be strengthened, giving them more bargaining power when it comes to the defense of their interests. At the same time future multilateral negotiations will reduce the negative impact on the Euro-Med partnership of the new agenda, which may distract from issues of great concern to partner countries, as agricultural trade, and widen the difference in economic liberalization and growth potential among Mediterranean countries.

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    Bibliographic Info

    Paper provided by Economic Research Forum in its series Working Papers with number 2014.

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    Length: 11 pages
    Date of creation: May 2000
    Date of revision: May 2000
    Publication status: Published by The Economic Research Forum (ERF)
    Handle: RePEc:erg:wpaper:2014

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    1. Deardorff, A.V. & Brown, D.K. & Stern, R.M., 1996. "Some Economic Effects of the Free Trade Agreement Between Tunisia and the European Union," Working Papers 385, Research Seminar in International Economics, University of Michigan.
    2. Anderson, Kym & Hoekman, Bernard, 1999. "Developing Country Agriculture and the New Trade Agenda," CEPR Discussion Papers 2096, C.E.P.R. Discussion Papers.
    3. Dessus, Sébastien & Suwa Eisenmann, Akiko, 1998. "Trade Integration with Europe, Export Diversification and Economic Growth in Egypt," CEPR Discussion Papers 1938, C.E.P.R. Discussion Papers.
    4. Peter A. Petri, 1997. "Trade Strategies for the Southern Mediterranean," OECD Development Centre Working Papers 127, OECD Publishing.
    5. Hoekman, Bernard & Konan, Denise & Maskus, Keith, 1998. "An Egypt-United States Free Trade Agreement: Economic Incentives and Effects," CEPR Discussion Papers 1882, C.E.P.R. Discussion Papers.
    6. Hoekman, Bernard & Konan, Denise Eby, 1999. "Deep integration, nondiscrimination, and Euro-Mediterranean free trade," Policy Research Working Paper Series 2130, The World Bank.
    7. Schiff, Maurice & Winters, L Alan, 1998. "Dynamics and Politics in Regional Integration Arrangements: An Introduction," World Bank Economic Review, World Bank Group, vol. 12(2), pages 177-95, May.
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