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Ten Years after: Achievements and Challenges of the Euro-Mediterranean Economic and Financial Partnership

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  • Juliane Brach

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    (GIGA German Institute for Middle East Studies)

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    Abstract

    EU and twelve countries of the Middle East and North Africa (MENA) engaged in 1995 in the Euro-Mediterranean Partnership (EMP) in political, economic and cultural matters with the aim to foster cooperation, stability, and prosperity around the Mediterranean Basin. The Economic and Financial Partnership (EFP) plays a central role in the EMP design and implementation, which is centered on economic and trade integration as a starting point for and an anchor of socioeconomic development in the MENA region. Against this background, this paper reviews the situation in the MENA partner countries and the past performance of the EFP. It analyzes the association agreements, economic cooperation and financial assistance, discusses the major obstacles, and outlines the potential of the EFP to shape the European Neighborhood Policy.

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    File URL: http://repec.giga-hamburg.de/pdf/giga_06_wp36_brach.pdf
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    Bibliographic Info

    Paper provided by GIGA German Institute of Global and Area Studies in its series GIGA Working Paper Series with number 36.

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    Length: 29 pages
    Date of creation: Dec 2006
    Date of revision:
    Handle: RePEc:gig:wpaper:36

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    Keywords: EU; Euro-Mediterranean partnership; Barcelona process; MENA; economic integration; socioeconomic development;

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    1. Alfred Tovias & Mehmet Ugur, 2004. "Can the EU Anchor Policy Reform in Third Countries?," European Union Politics, , vol. 5(4), pages 395-418, December.
    2. Vivek Arora & Athanasios Vamvakidis, 2005. "How Much Do Trading Partners Matter for Economic Growth?," IMF Staff Papers, Palgrave Macmillan, vol. 52(1), pages 24-40, April.
    3. Henri C. Ghesquière, 1998. "Impact of European Union Association Agreementson Mediterranean Countries," IMF Working Papers 98/116, International Monetary Fund.
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    Cited by:
    1. Peeters, Marga & Sabri, Nidal Rachid, 2012. "International financial integration of Mediterranean economies : A bird’s-eye view," MPRA Paper 38081, University Library of Munich, Germany.

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