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Harnessing Trade Opportunities in the Middle East and North Africa

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  • Jean-Pierre Chauffour
  • Bernard M.
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    Abstract

    Greater integration into the international economy is a key means through which countries in the Middle East and North Africa can reap the benefits of already existing market opportunities to accelerate economic growth and job creation. An effective economic integration strategy requires complementing reductions in trade barriers with policy reforms to ensure that markets become more competitive (contestable for new entrants) and that operating and transactions costs for firms fall. This paper argues that there are two overarching priority areas for trade-related reforms in many Arab countries: reducing formal trade barriers further, and lowering trade costs through trade facilitation measures and improving “connectivity” for firms, including deeper regional economic integration.

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    File URL: http://cadmus.eui.eu/bitstream/handle/1814/27259/RSCAS_PP_2013_07.pdf?sequence=1
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    File URL: http://hdl.handle.net/1814/27259
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    Bibliographic Info

    Paper provided by European University Institute in its series RSCAS Working Papers with number PP2013/07.

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    Date of creation: Jun 2013
    Date of revision:
    Handle: RePEc:rsc:rsceui:pp2013/07

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    Related research

    Keywords: Trade and development; Arab economies; economic integration;

    This paper has been announced in the following NEP Reports:

    References

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    1. Guillaume Daudin & Christine Rifflart & Danielle Schweisguth, 2009. "Who produces for whom in the world economy?," Documents de Travail de l'OFCE 2009-18, Observatoire Francais des Conjonctures Economiques (OFCE).
    2. Baldwin, Richard, 2012. "Trade and industrialisation after globalisation’s 2nd unbundling: How building and joining a supply chain are different and why it matters," CEPR Discussion Papers 8768, C.E.P.R. Discussion Papers.
    3. Novella Bottini & Mohamed Ali Marouani & Laura Munro, 2011. "Service Sector Restrictiveness and Economic Performance: An Estimation for the MENA Region," The World Economy, Wiley Blackwell, vol. 34(9), pages 1652-1678, 09.
    4. Bourdet, Yves & Persson, Maria, 2011. "Reaping the Benefits of Deeper Euro-Med Integration Through Trade Facilitation," Working Papers 2011:15, Lund University, Department of Economics.
    5. Zaki, Chahir, 2010. "Towards an explicit modeling of trade facilitation in CGE models: evidence from Egypt," MPRA Paper 23353, University Library of Munich, Germany, revised 14 Jun 2010.
    6. Hirut Wolde & Rina Bhattacharya, 2010. "Constraints on Trade in the MENA region," IMF Working Papers 10/31, International Monetary Fund.
    7. Jose R. Lopez-Calix & Peter Walkenhorst & Ndiame Diop, 2010. "Trade Competitiveness of the Middle East and North Africa : Policies for Export Diversification," World Bank Publications, The World Bank, number 2466, October.
    8. Hoekman, Bernard & Sekkat, Khalid, 2010. "Arab Economic Integration: Missing links," CEPR Discussion Papers 7807, C.E.P.R. Discussion Papers.
    9. Chauffour, Jean-Pierre, 2011. "Trade integration as a way forward for the Arab world : a regional agenda," Policy Research Working Paper Series 5581, The World Bank.
    10. Elena Ianchovichina, 2011. "MENA's Non-Oil Export Performance in the Last Decade," World Bank Other Operational Studies 10891, The World Bank.
    11. World Bank, 2009. "From Privilege to Competition : Unlocking Private-Led Growth in the Middle East and North Africa," World Bank Publications, The World Bank, number 13524, October.
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